Li Jianhong, a CPPCC member who's the Chairman of the China Merchants Group, tells CGTN Senior Correspondent Tian Wei about his experience with mixed ownership and risk control.

LI JIANHONG CPPCC MEMBER, CHAIRMAN OF CHINA MERCHANTS GROUP "The State-owned Assets Supervision and Administration Commission lists China Merchants Group as a pilot for international capital investment companies. Mixed ownership involves multiple economic sectors. Two-thirds of our secondary companies have already achieved mixed ownership, entering both international and domestic markets. One third of secondary companies are diversifying their equity institutions under the guidelines of the mixed ownership reform plan. They will enter both domestic and foreign markets, which will be achieved within three years."

LI JIANHONG CPPCC MEMBER, CHAIRMAN OF CHINA MERCHANTS GROUP "China Merchants has a history of more than 100 years. We are adhering to a market-oriented mechanism. We have no monopoly industries. Our companies compete fairly and regularly with others, such as private firms and foreign capital, and also enhance capabilities in market competition.

However, for many state-owned enterprises, it is a challenge because they must rely on technology and talents to stand out in market competition, and ensure that they maintain their advantages in the new round of reform."

LI JIANHONG CPPCC MEMBER, CHAIRMAN OF CHINA MERCHANTS GROUP "We have to prepare for all possible adverse conditions and make the best efforts. Premier Li mentioned the relationship between stable growth and risk management in this year's government work report. We believe that risk management is more important than making money. If the risks are not controlled, it would not be profitable."