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The Cosco Shipping Financing Holding Platform 2019 Work Conference Convened
发布时间: 2019-01-17

  On January 14, 2019, COSCO Shipping Financing Holding Platform convened its 2019 work meeting. The main objective of the meeting was to comprehensively implement the essences of the Group's 2019 work conference, to review and summarized the work of the Financing Holding Platform in 2018 and to implement main tasks for 2019. All staff of the Financing Holding Platform was requested to understand all practical conditions, to invigorate own spirit and be proactive and working hard. All should understand and implement the three requirements to “Outperform the market, Outperform the change, and Outperform the era” in order to keep in the lead, and devoted fully to all tasks in 2019 and beyond.  

   During the meeting, Sun Yunfei, Executive Vice President and Chief Financial Officer of China COSCO Shipping Group, presented work instructions while Wang Daxiong, Chief Executive Officer and Executive Director of COSCO Shipping Development, presented a summary report. Liu Chong, Executive Director and General Manager of COSCO Development, presented a 2018 work report on behalf of the Financing Holding Platform. Xu Hui, Secretary of the Party Committee of COSCO Shipping Development, conveyed the spirit of the 2019 Working Conference, the Party Building Work Conference and the Third Session of the Workers' Congress. The meeting was presided over by Xu Hui, party secretary of COSCO Shipping Financial Holdings. All senior management of COSCO Shipping Financing Holding Platform, department heads at the headquarters of the Financing Holding Platform, and department heads of all direct line units and subordinate companies had attended the meeting.

   In his work report, Executive Director and General Manager Liu Chong reviewed the productions and operations of the Financing Holding Platform in 2018 from eight areas, and pointed out areas of focus in the next phase in consideration of the current circumstances and the challenges faced by the enterprise at present: To strengthen leasing, the company’s main line of business; to fully utilize synergies in the container box making industry to develop a one-stop shipping financial service system; to strengthen management and control mechanism; to promote capital operation; to strengthen risk prevention and control; to step up license applications; to strengthen ideological integration; to fully implement party building discipline inspection and supervision, and to assure safety Environmentally friendly production.

   In his report. Chief Executive Officer and Executive Director Wang Daxiong emphasized: 2018 is the third year into the establishment of COSCO Shipping Financing Holding Platform. After three years of exploration, we have gained solid achievements but we should also notice our strengths and short-comings. In 2019, the Financing Holding Platform should strengthen the reform on its operation regimes, and focus on the integration of industry and finance to support the development of shipping, the Company’s main business line, and to refine the strategic positioning of the Financing Holding Platform, and focus on the integration of industry and finance. The Company should also strengthen its team spirit and its pilot professional manager reformation schemes, optimize its decision-making process and consolidate its authorization oversights, as well as strengthening the construction of its legal system and fine-tune its standard management. In addition, all must work well on party building, on routine inspection and rectification, and work well on safety production.

  In conclusion, Group Executive Vice President and Chief Financial Officer Sun Yunfei made a positive remark on the achievements of the Financing Holding Platform in 2018. All eight business sectors of the Financing Holding Platform proceeded in full coordination which brought forth remarkable business results. For the next phase, the Financing Holding Platform should face head-on with all existing problems and shortcomings, and closely follow the implementation of the requirements of "three outs and wins", and seize the opportunities presented by the implementation of the state-owned capital investment company pilot scheme so as to consolidate the Financing Holding Platform. Efforts must also be made to continuously deepen reforms and refine the authorization flows, to strengthen the awareness on team reform, to strengthen risk prevention and control and continue to work well on patrol and rectification. Leading cadres at all levels of the Financing Holding Platform and all employees should hereby unify their thinking and work together to comprehensively complete all objectives in 2019, so as to strengthen the Group's Financing Holding Platform and make greater contributions to the Group.

 
 
About Us
Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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