The company started as Liow & Company (Chinese: 聯和公司) in Hong Kong in 1938. Its original purpose was to raise funds and purchase supplies and equipment for the Eighth Route Army and later People's Liberation Army, then engaged in the Chinese Civil War. It was renamed as China Resources Corporation (Chinese: 華潤公司) in 1948. In 1983, the company was incorporated as China Resources (Holdings) Company Limited (Chinese: 華潤(集團)有限公司).

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