On August 31, 2016 local time, CMG chairman Li Jianhong met in Hong Kong with Sun, Jiakang, the vice president of COSCO.

Li Jianhong first welcomed his visit and recalled the decent cooperation experience with COSCO. He said that China Merchants Energy Shipping cultivated new profits engines through lowering the cost as well as carrying out merge and acquisition. In the face of mounting downward economic pressure, China Merchants Energy Shipping still performed well in terms of fuel shipping,bulk transportation and LNG. Last year,the internal reconstruction between highway sector and real estate sector produced consolidation effect. In the next step, CMG is going to resume Ren He insurance company, which aimed to build trillion-class enterprises.

Su Jiakang appreciated the uprising development of such a time-horned enterprise, especially the state-of-the-art strategies of management board tightly based on markets. He also pointed out COSCO and CMG should join hands to impetus in-depth cooperation for more market volume.