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China Ship News丨CPPCC National Committee member Li Jianhong: cruise industry's sound growth trend in the long term will stay unchanged

2020-05-27

Group Chairman Li Jianhong, member of the CPPCC National Committee, received an interview by China Ship News. He said that China Merchants Group would continue to play a leading role as a central SOE and join hands with enterprises in the industry to contribute to the healthy development of China's cruise industry.

Li Jianhong stated that the impact of the epidemic on the cruise industry should be viewed dialectically. The cruise economy has been significantly affected by the epidemic. However, this impact is temporary and periodic, and the sound development trend of the global cruise industry in the long-term will not change. The core business of China Merchants Group is concentrated on comprehensive transportation, featured finance, comprehensive urban and industrial park development, which run through the entire cruise industry chain. This has provided CMG with a favourable industrial collaboration foundation for developing the cruise industry. In recent years, CMG has taken cruise industry as the main focus for the setup of consumer business and the promotion of technological transformation and upgrading, and is committed to building a cruise industry "ecosystem" integrating cruise homeport, cruise operation, cruise manufacturing and cruise supporting facilities and services. Li Jianhong added that, in 2019, the number of cruise ships and passengers received by cruise ports under CMG accounted for 79% and 84% of the country's total scale, making CMG the largest cruise port operating entity in China. Besides, CMG delivered China's first polar expedition cruise vessel, breaking the monopoly of European cruise ship construction.

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China Merchants Group (CMG), a key state-owned enterprise directly administered by the central government, is headquartered in Hong Kong and stands as one of the earliest Chinese-funded enterprises established and operating in the region. As a century-old, comprehensive, and Hong Kong-based central enterprise, CMG has been upholding its corporate mission of “To Lead the Times with Business Success” and core values of "With a Shared Destiny with Our Country, to Grow in Tandem with the Era."

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