Since reopening to navigation on October 17, 1952, Tianjin Port was governed by the Ministry of Transport (MOT) of the People’s Republic of China until June 1, 1984 when its management was shared by the MOT and the Tianjin Municipal Government. The port started to supervise its financial affairs since then.
The Tianjin Port Authority was transformed into the Tianjin Port (Group) Co., Ltd. in June 2004, approved by the local government. The company has been authorized to operate state-owned assets and exercise the right to invest in wholly-owned, holding and joint-stock enterprises subordinate to and invested by the former Tianjin Port Authority according to the law and to be held responsible for preserving or increasing the value of these assets.
As the main body of Tianjin Port, Tianjin Port (Group) possesses total assets of more than 90 billion yuan, over 60 secondary enterprises including two listed companies at home and abroad, and almost 40,000 employees. It was listed in top 500 Chinese enterprises for ten years consecutively. In 2011 selection, it ranked 415. In the 12th five-year plan period, Tianjin Port (Group) Co., Ltd. will change the economic development mode, actively adjust industrial structure and try to form the development structure of “four pillar industries”, namely terminal operation, international logistics, port real estate and port comprehensive service. It will march towards the first class enterprise in the world and provide mass Chinese and foreign clients with economical, high-efficient, convenient and satisfactory service.