Containers, etc., . Real estate developer, Sino-Ocean Group, was an associate company of COSCO until 2010. In December 2015, COSCO Group merged with fellow Chinese Government owned China Shipping Group to form China COSCO Shipping. COSCO Group was retained as an intermediate holding company. In December 2017, COSCO Group (China Ocean Shipping (Group) Company) was re-incorporated from "An industrial enterprise owned by the whole people" to simply a limited company. The name of the company, also changed to China Ocean Shipping Company, Limited (). Subsidiaries COSCO contains several listed companies and has more than 300 subsidiaries locally and abroad, providing services in freight forwarding, ship building, ship repair, terminal operation, container manufacturing, trade, financing, real estate, and information technology. On the eve of 2015 merger, COSCO Group has a few listed companies: China COSCO Holdings (SEHK: 1919; SSE: 601919) - flagship listed subsidiary, also known as "China COSCO" or "COSCO Holdings" COSCO Pacific (SEHK: 1199) - port operator and investor. Significantly (43.63%) owned by China COSCO Holdings as of 31 December 2015 COSCO International (SEHK: 517) COSCO Shipping Co., Ltd. (SSE:600428) - engaged in specialized carriers. COSCO owned 50.58% shares directly. COSCO Corporation (Singapore) (SGX:F83) Cosco SHIPPING Lines (Japan) Moreover, China International Marine Containers is an associate company of the group, which COSCO indirectly owned 22.77% shares of that listed company as of December 2015. The stake was owned by COSCO Pacific until 2013. As of 2000, COSCO also owned 30% stake of China Cargo Airlines. COSCO also had an unlisted business unit in Hong Kong, which was known as COSCO (Hong Kong) Group Limited. COSCO (H.K.) Group was the direct parent company of COSCO Pacific (valid until December 2004) and COSCO International. COSCO (H.K.) Group bought the 20% stake of Chong Hing Bank and the entire stake of Shun Shing Construction from COSCO Pacific and COSCO International respectively in 2007. Controversies In 1991 COSCO was asked by the US Federal Maritime Commission (FMC) to submit information regarding Chinese Government restricting U.S.-flag carriers on doing business in China. However, COSCO asked FMC to drop its probe instead. FMC also investigated COSCO for its pricing behavior in 1997, but stating there is not enough evidence to launch a formal probe on alleged under-pricing its service to eliminate competitor. In August 1993, COSCO's ship Yinhe, was anchored off the coast of Oman. US government alleged that the ship carried material exported to