2019-8-19
 
Reuniting at the Seaside of Hong Kong, Discussing the New Future of the Greater Bay Area -- Yuexiu Group Holds the 2019 Spring Reception in Hong Kong
Release Date:2019-03-27 17:06:29

On the evening of February 20, Yuexiu Group holds the 2019 Spring Reception at Hong Kong Convention and Exhibition Centre together with its four subsidiaries (funds) listed in Hong Kong -- Yuexiu Property (00123.HK), Chong Hing Bank Limited (01111.HK), Yuexiu Transport Infrastructure Limited (01052.HK) and Yuexiu Real Estate Investment Trust (00405.HK). The event features Yang Jian (Deputy Director of the Liaison Office the Central People’s Government in the Hong Kong S.A.R.), Wen Guohui (Mayor of Guangzhou) and Yang Yirui (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Hong Kong S.A.R.), with around 800 guests present including government authority leaders from Guangzhou and Hong Kong, professionals from banking, corporate and legal fields, intermediary and rating agencies and mainstream media of Hong Kong, as well as key account representatives of the Group and the listed companies. Zhu Chunxiu (General Manager of the Group) serves as the emcee.

                                                             ↑Toast Ceremony

Wen Guohui (Mayor of Guangzhou) gives a speech, where he gives complete acknowledgement on the persistent practices of Yuexiu Group that have been effectively linking the domestic and overseas markets and resources, driving itself with both industrial and capital operations, simultaneously advancing connotative growth and extensive expansion and coordinating the developments of real economy and financial industry; he is gratified and inspired by the brilliant performance of the Group.

He maintains that in 2018, motivated by the study on and implementation of the gist of Secretary-General Xi Jinping’s major speech and instruction to Guangdong, Guangzhou firmly carried out the decisions and arrangements of the CPC Central Committee and the Provincial CPC Committee and Government by balanced advancement of such tasks as stabilizing growth, promoting reform, adjusting structure, benefiting livelihood, preventing risks and safeguarding stability which contributed to new progress in economic and social development; Guangzhou also enhanced cooperation with Hong Kong, Macao and other cities in the Greater Bay Area, which achieved active results in its construction.        

Mayor Wen further holds that as the main position of building the Guangdong-Hong Kong-Macao Greater Bay Area, Guangzhou should fully exert its leading role of a national central city and comprehensive portal city, totally fortify its functions of an international trading center and integrated transport hub and foster and raise its capacity of a scientific, education and cultural center, so as to make itself an international metropolis that jointly establishes a top-ranking bay area and a world-class urban agglomeration with other cities like Hong Kong, Macao, Foshan and Shenzhen. He hopes that Yuexiu Group may hold fast this golden opportunity of Greater Bay Area construction, play well its role of a “super liaison” and exert greater effects on deepening the collaboration between Guangzhou and Hong Kong in terms of business environment facilitation, innovation and venture and industry docking, so as to make new contributions to Hong Kong’s better incorporation into the overall pattern of national development and Guangzhou’s new round of boom.       

The event begins with an encouraging thematic video titled the10 Most Influential Events of Yuexiu Group in 2018, which panoramically presents the operational highlights and significant events of the Group in 2018 that demonstrate its productive mental outlook of overcoming pressure, forging ahead and striving for success and receives affirmation from all the guests on the spot.

                           ↑ Zhang Zhaoxing (Chairman of the Group) delivers a speech

On behalf of the Group, Chairman Zhang Zhaoxing extends warm welcome to the guests and sincere gratitude to the personages of all circles who have been caring about and supporting the Group’s businesses development. He points out that in the past year, the whole Group was working very hard with substantial efforts and outcomes. Sticking to Xi Jinping’s socialist thought with Chinese characteristics in the new era, and under the correct leadership of the Municipal CPC Committee and Government and the care and guidance of the Municipal State-owned Assents Supervision and Administration Commission and various social fields, the Group made overall advances in the businesses and reached a new level of enterprise growth. Its economic performance and development quality kept rising, with over 15% increase in the main operation indicators, as well as over 10 billion RMB of total profit for three executive years, more than 20 billion RMB of total profit and tax and nearly 600 billion RMB of total assets. With continuous optimization of the business portfolio realized by the Group’s transformation and upgrade, Chong Hing Bank had formed a complete product and service system of cross-border financial business in the Greater Bay Area; Yuexiu Financial Holdings Group Co,. Ltd. focused on creating a financial investment group; Yuexiu Property crossed the threshold of 60 billion RMB in contract sales revenue and actively transformed towards such new formats as elderly care and urban renewal; along with the deepening operation of real estate financialization, Real Estate Investment Trust realized simultaneous project sales and capital injection within a year for the first time, with the Fortune World Project successfully actualizing collaborative capital operation; in the transport sector, the Group made a leaped forward by executing the assets package transfer agreement with Guangdong Rising Assets Management. Invigorated by reform and innovation, the Group obtained approval of the first transaction in China of debt to preferred stock swap for non-listed and non-public join-stock companies which was initiated with Industrial and Commercial Bank of China; new achievements were also made in such aspects as strategic management, organization governance, customer resources management and synergy, informatization construction and brand building.  

As this Spring Reception coincides with the official issuance of theOutline of Development Plan for Guangdong-Hong Kong-Macao Greater Bay Area, Chairman Zhang states that the construction of the Greater Bay Area has brought an unprecedented opportunity to the Group, which will follow the Xi Jinping’s socialist thought with Chinese characteristics in the new era, earnestly study and implement the gist of the 6thPlenary Session of the 11thGuangzhou Municipal CPC Committee, be enthusiastic and diligent in 2019, with the target of reaching two-digit growth in the main operation indicators based on the figures in 2018 and pushing the Group’s businesses onto a new stage. He says that the Group will be dedicated to in-depth participation in the Greater Bay Area strategy, with the aim to become a primary platform company for building its world-class urban agglomeration and the backbone for upholding Guangzhou’s position as its core city. It is important to intensify investment in the Greater Bay Area, utilize the cross-border financial advantages, invent financial products with characteristics of the Area and support its real economy development; to empower construction of a quality life circle suitable for living, working and visiting, deeply participating in the interconnectivity of the transport infrastructure in the Area, actively deploy such new businesses as elderly care, urban renewal and long-term rental apartment, so as to raise the life quality of the Area’s residents; to propel the synergic development pattern of “Finance + Technology + Strategic Emerging Industries”, set up a political, industrial, academic and research cooperation union in the Area and assist in building Greater Bay Area International Technology Innovation Center. The Group will strive to become a promoter for communications between Guangdong and Hong Kong by facilitating Guangzhou enterprises’ growth in Hong Kong and Hong Kong enterprises’ investment in Guangzhou, and also an active contributor to the public welfares of both cities, so as to fulfill its social responsibilities and set up its positive corporate image.

After the toast ceremony, the guests make cordial and friendly communications on the spot.

                            ↑Zhu Chunxiu (General Manager of the Group) hosts the event

The event is attended by current leaders of the Group, directors and managements of the four listed companies and main persons-in-charge and managers above middle level of each industry sector.