The emergence of China Merchants has broken the monopoly of foreign powers on domestic waterways. This caused a great sensation at that time. It also has a great encouraging effect, and many national enterprises have emerged. Undoubtedly, the establishment of China Shipping Merchants Bureau was very successful, which at least to a certain extent cracked down on the arrogance of the great powers and made the Chinese people see the progress of the country.
Since its establishment, China Shipping Merchants has been affecting the economic development of China. It has injected great vitality into the economic development of China. Perhaps Li Hongzhang himself didn't think that one of the many enterprises he founded still exists. 1987 China merchants bank has been approved by the state to become a joint-stock bank, namely China merchants bank. In other words, the predecessor of China Merchants Bank was China Merchants Steamship.
China Merchants Bank is much stronger than its predecessor, China Merchants Bank, becoming a member of the world's top 500 enterprises and ranking 39th among the world's top 500 enterprises in 20 17. If Mr. Li Hongzhang knew this situation, I'm afraid he would be happy.