Annual Report 2019

Chairman’s Statement 12 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED In respect of capital operation, the Group will improve its capability to manage capital, revitalising and enhancing returns of its existing assets. While adhering to its sound policies, the Group will optimise its capital structure and asset portfolio through active capital measures, exploring ways to unlock its resources in various forms with a view to supporting the rapid growth of the Group. Regarding operation management, the Group will carry on and enhance the “Project of Improving Quality and Efficiency” to achieve quality development. To fully unleash its potentials, the Group will focus on improving the quality of its initiatives with the goal of achieving material and sustainable results. Moreover, the Group will promote the in-depth integration of its initiatives to improve quality and efficiency with its strategic objectives, daily work and actual business, so as to fully empower its subsidiaries to improve the operation efficiency, management capability and value of resources. With regard to marketing and commerce, the Group will promote its client-oriented management mechanism of marketing and commerce. A sound interaction mechanism between the headquarters and the terminals managed by the Group will be established for marketing and commerce- related matters. The Group will devote more efforts in guiding and coordinating with its subsidiaries in order to deliver efficient headquarters function in terms of marketing and commerce. Furthermore, the Group will strengthen its interaction and communication with shipping companies to further enhance the quality of its services. In 2020, the global economy will experience fragile recovery and probably will encounter unfavourable factors, including trade tension and uncertainties of trade policies, and be hit by the novel coronavirus pneumonia epidemic. Nonetheless, the economy of emerging markets and developing economies will keep on growing, while the consumption of the developing countries will continue to drive economic growth. Industry consolidation will create opportunities, and the industry development will undergo a transformation through digitalisation and technological innovation. Amidst this complicated and changing external environment, the Group will embrace challenges, grasp opportunities, and explore potentials during the process of transformation and innovation, so as to open up new prospects with a proactive attitude. The Group will further enhance the endogenous power for corporate development, striving to generate better returns for its shareholders and create values for various stakeholders.