On February 7, 2017 local time, China Merchants Group President Li Xiaopeng met in Hong Kong with Sam Kendall, Asia Investment-Banking Head of UBS Group AG, exchanging ideas about world economic situations and potential cooperations. CMG CFO Fu Gangfeng and Assistant President Hong Xiaoyuan attended the meeting.

Li Xiaopeng first welcomed the visit of Sam Kendal in Chinese New Year and expressed gratitude to UBS for having us during Davos trip. He said CMG gained double-digit growth in the last year, with total assets nearly 7 trillion yuan, revenues over 500 billion and profits to 111.28 billion yuan. Sam Kendall and his team showcased the uncertainty of world economic brought opportunities, forecasting M＆A possibly in international port. He showed the willingness to join hands with CMG in the cooperation with artificial intelligence.