In the first issue of 2020, "State-owned Assets Report" magazine published a signed article by Group Chairman Li Jianhong, under the title "to cope with changes in the external environment with high-quality development". In 2019, China Merchants Group made new achievements in its operating performance. The article summarizes the characteristics of the work from four aspects: improving quality and efficiency, deepening reforms, industrial transformation and upgrading, and constructing the"Belt and Road". For the year 2020, the article proposes that China Merchants Group should not only ensure stability a top priority, but also forge ahead, strengthen the foundation for sustainable and high-quality development, and accelerate the building of a world-class enterprise.

With the goal of building a world-class enterprise with global competitiveness, China Merchants Group saw steady progress with the many tasks in 2019. The quality and efficiency of its operation management and corporate development have both improved and continued to thrive, with Level-A performance evaluation by the SASAC for 15 consecutive years. Besides, the rankings of China Merchants Group itself and the subsidiary China Merchants Bank in the Fortune 500 list have increased by 36 and 25 respectively compared to 2018. In 2019, the Group recorded operating income of 717.7 billion yuan, an increase of 10.4% year-on-year, total profit of 162.5 billion yuan, an increase of 12.0% year-on-year, net profit of 126.2 billion yuan, an increase of 18.0% year-on-year, and total assets of approximately 9.3 trillion yuan.

In 2019, the characteristics of China Merchants Group's work can be summarized as the following four "new". First, improving quality and efficiency to promote new growth. Facing the increasingly severe and complicated market environment and economic situation, China Merchants Group upheld the development concept of "quality first, efficiency prioritized, moderate scale", and regarded the improvement of quality, efficiency and capabilities as the mainline of daily business management. Second, deepening reform to stimulate new vitality. In 2019, China Merchants Group focused on the trial of establishing state capital investment company and made every effort to promote mixed-ownership reform, reorganization and integration, and specific reforms. Third, industrial transformation and upgrading broke new ground. Periodic problems are solvable with time while structural problems rely on adjustments. Fourth, the Belt and Road initiative opened up new prospects. China Merchants Group has firmly seized the historical opportunity of the "Belt and Road" and promoted the Shekou development model of "Port-Park-City", expanding the global integrated logistics services in the "Belt" region and continuously optimizing the global port network in the "Road" region.

In 2020, confronting the complex and changing environment, China Merchants Group will earnestly implement the spirit of meetings held by the higher authorities and conduct the following. First, adhering to strategic leadership, to ensure the successful conclusion of the "13th Five-Year Plan" and carefully compile the "14th Five-Year Plan". Second, adhering to steady progress, to solidly promote the improvement of quality and efficiency and capacity enhancement. Third, adhering to innovations from the current trends of world development, to strengthen the dual-core driving force of "marketization + digitization". Fourth, adhering to the bottom-line thinking, to carefully manage risks and effectively prevent various risk events.