COFCO has been engaged in the import and export trade of grain, oil and food for a long time, and is one of the largest import and export enterprises in China. By the end of 2003, the total import and export volume of COFCO had reached 1.468 billion US dollars, of which the total export volume was 78.5 billion US dollars and the total import volume was 68.3 billion US dollars.

Since 1992, with the continuous development of China's market economy, COFCO has accelerated its strategic adjustment and vigorously implemented the strategy of industrialization, internationalization, collectivization and diversification, which has effectively promoted the company's transformation from a traditional foreign trade agency to an industrialized multinational enterprise and gradually developed into a large enterprise group integrating trade, industry, finance, information, service and scientific research. At present, COFCO has formed a development pattern with grain, oil and food processing industry as the main body and taking into account related industries. Edible oil, beverage, alcohol, beer malt, flour, chocolate, metal packaging and other businesses occupy a leading position in China. COFCO products such as "Fulinmen" edible oil, "Great Wall" wine, "Di Chin" chocolate and "Meilin" canned food are well-known in the north and south of the country, and Gloria Hotel invested by COFCO ranks among the top 300 hotel groups in the world. In addition, COFCO is the main bottler of Coca-Cola in China.

Reorganization, restructuring and listing

1999 Since the first half of this year, COFCO has implemented the development strategy of reorganization, restructuring and listing. In line with the development trend of economic globalization, the Group has established a global resource allocation system, management framework and operation mechanism within the company, actively participated in international economic cooperation and competition, and maximized capital profits. Through restructuring, the Group further strengthened its core business and core competitiveness, and established COFCO Grain and Oil Import and Export Corporation (mainly engaged in the policy trade of grain, oil and sugar), COFCO International (listed in Hong Kong, mainly engaged in the production and processing of grain, oil and food) and Li Peng International (mainly engaged in real estate investment and hotel management, Delisting in 2003), COFCO Development Co., Ltd., Ltd. (mainly engaged in non-listed business) and COFCO Finance (mainly engaged in life insurance). Among them, COFCO International's development goal is to become one of the largest food enterprises in China and the Asia-Pacific region and become the main channel for foreign investors to enter the food industry in China.