Li Jianhong attends China Merchants Bank 2019 annual results announcement

On March 23, China Merchants Bank held the 2019 annual results announcement and presentation to investors and analysts through video-conferencing for the first time. Li Jianhong, Chairman of China Merchants Group and Chairman of China Merchants Bank, attended the conference and delivered a speech. Hong Xiaoyuan, Assistant President of China Merchants Group, Director of China Merchants Financial Services Business Unit and Director of China Merchants Bank, Tian Huiyu, Executive Director, President and Chief Executive Officer of China Merchants Bank, and Zhang Jian, Chief Digital Officer of China Merchants Group, Director of Financial Business Division, Deputy Director of China Merchants Financial Services Business Unit and Director of China Merchants Bank, attended the conference. The conference was presided over by Liu Jianjun, Executive Director, Executive Vice President and Secretary of Board of Directors of China Merchants Bank.

 

The announcement started with a performance overview given by Chairman Li Jianhong. In 2019, China Merchants Bank's overall operation continued to improve. It upheld the implementation of the strategic direction of "Light-operation Bank" and the strategic positioning of "One Body with Two Wings" by carrying out various businesses in a proactive and sound manner. The dynamic and balanced development of "Quality, Efficiency and Scale" was achieved. The exploration of the business model towards stage 3.0 was also further advanced. In response to issues that are of current concerns to investors, analysts and media reporters, Li Jianhong had a through communication with the participants, along with the executives of China Merchants Bank. While giving a brief outlook on business strategies for 2020, Li Jianhong pointed out that, the domestic economy will be facing a more significant downward pressure due to increasingly severe internal and external contradictions. Domestically, the sudden outbreak of COVID-19 has brought substantial and periodic impacts on all aspects of the economy and society. However, the basic trend of the Chinese economy maintaining steady growth toward long-term sound development remains unchanged. Out of crisis comes opportunity. China Merchants Bank will continue to take a long-term view, seek opportunities in crisis and actively promote the sustainable and stable development of various businesses while accelerating openness and integration and realizing breakthroughs in digital business models. China Merchants Bank will prepare for the worst, exert the utmost efforts and hope for the best. At the conference, Tian Huiyu also briefed on the overall operation of China Merchants Bank in 2019, with the main focus on the breakthroughs made in digital construction.

 

Among all the Shanghai and Hong Kong-listed banks, China Merchants Bank was the first to announce annual results. The capital market and the media responded positively to China Merchants Bank's overall performance in 2019. Concerning the ongoing epidemic, China Merchants Bank has provided an in-depth, scientific and objective analysis comprehensively, which meanwhile boosts market confidence.  

 

Source:CMG

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