Chairman Zhang Zhaoxing attended the 2016 Winter Davos Forum
Release Date:2016-02-26 15:39:32
The forty-sixth annual conference of the World Economic Forum was opened in the town of Davos, Switzerland, on the evening of January 19th local time. The annual meeting was themed with “Mastering the Fourth Industrial Revolution”. Over 2,500 delegates from more than 100 countries discussed the hot topics of climate change, global economic growth, the new normal, commodity prices and many others from 20th to 23rd, and were jointly seeking the best ways to deal with the challenges in the global economy, security, technology, environment and other areas. Yuexiu Group’s Chairman Zhang Zhaoxing was invited to attend the meeting. He exchanged views and tried to seek mutual development with the global elites as the Group’s "Twelfth Five-Year Plan" strategy ended and its next "Thirteenth Five-Year Plan" strategy is launched.

Chairman Zhang Zhaoxing attended the Winter Davos Forum 2016.

Chinese Vice President Li Yuanchao attended the annual conference on 21st, and delivered a speech at the special session of Chinese Economy and G20 Summit 2016. President Li said that, under the current global situation, the slow-down of China's economic growth is in line with the general law of the development of economy, and international capitalists are still optimistic about the prospects for China's economy. China has the confidence and ability to maintain the trend of high-speed economic growth, it will further stimulate and release the vitality of the market, and focus on fostering a new driving force for economic development through reform and innovation. He also shared his views about the trend of China's economy, the RMB exchange rate, stock market and other economic topics, and provided authoritative guidance for the Group to study and judge the macro economy, and seize opportunities on the market.

On the morning of January 21st, Yuexiu Group’s Chairman Zhang Zhaoxing accompanied Ren Xuefeng, Secretary of the Municipal Party Committee, to meet with French GL Events’ Chairman Oliver Guinon. At the meeting, the Secretary introduced the situation, mission and vision of Guangzhou’s development, and put forward specific expectations and recommendations on cooperation between Yuexiu Group and GL Events. Firstly, he hopes that Yuexiu Group and GL Events will cooperate on projects in a global sense and by international standards, and make best use of the two sides’ advantages to find a chance for cooperation. Secondly, he suggested that the two sides set up operating companies to promote their cooperation, utilize Guangzhou’s advantages as an international metropolis and the city’s rich experience of dealing with the exhibition business. By relying on its global resources, GL Events can broaden the company's domestic business in China, and help build Guangzhou into an international convention and exhibition center.

Secretary Ren Xuefeng, accompanied by Yuexiu Group’s Chairman Zhang Zhaoxing, discusses cooperation with French GL Events.

On the afternoon of January 21, Chairman Zhang was invited to have a special interview with Professor Klaus Schwab, Chairman of the World Economic Forum. They made an in-depth discussion on the future development of Chinese enterprises and their roles in the "Fourth Industrial Revolution".

Chairman Zhang Zhaoxing takes a picture with Professor Klaus Schwab, Chairman of the World Economic Forum.   

In the four days, Chairman Zhang Zhaoxing also accompanied Secretary of Municipal Party Committee Ren Xuefeng to meet with the leaders of the global well-known enterprises, including Itochu Corp.’s CEO Imai Masakei, HSBC Holdings Group’s CEO Stuart Gulliver, Ernst & Young Global’s Chairman and CEO Weinberg, Uber’s CEO Travis Kalanick and Boston Consulting Company’s Chairman Li Ruiqi. In addition, Chairman Zhang also participated in the forums of "Develop Urban Innovation", "Finance Transformation", "Build Global Data Market", "Cultivate Financial Inclusivity" and "Future Global Trade", and furthered the in-depth understandings of the current situation and trend of developing global economy and trade.

Chairman Zhang Zhaoxing takes a picture with Chinese participants.

As of the end of 2015, Yuexiu Group’s total assets had exceeded 400 billion yuan. During the "Twelfth Five-Year Plan" period, the compound growth rate (similarly hereinafter) was 27.8%; operating revenue hit 40.2 billion yuan, and the CGR was 19.1%; total profit reached 8.4 billion yuan, and the CGR was 18.1%. It’s not easy to achieve such results under the background of the changeable global economy and the new normal of the domestic economy, but the Group has laid a very solid foundation for the "quality growth" during the “Thirteenth Five-Year Plan” period. By participating in the annual meeting of the World Economic Forum in Davos, Yuexiu Group not only communicated with the world’s top companies on the same stage once again and strengthened the international cooperation, but also gained more in-depth understandings of the positive prospects for the future of the economy both in China and the world. It has pointed out the right direction for the strategic planning and landing during the "Thirteenth Five-Year Plan" period, and consolidated the confidence for the Group’s future development. In the coming year, Yuexiu Group will “focus on quality to increase benefits and integrate innovation to advance the development”, continue to carry forward the corporate spirit of "beyond excellence", forge ahead enthusiastically, and create a new pattern for the Group’s development!