2018/09/03

ACFIC Vice Chairman Huang Rong and Financial Institutions in Shanghai Attended Discussion on Financial Policy

  On the afternoon of August 31st, Disscussion on Financial Policy and Development Strategy of CMIG was held in Shanghai, as part of the events celebrating the group’s 4th anniversary.

  The Discussion was chaired by Li Huaizhen, Executive Vice Chairman of the CMIG Board of Directors. It was also attended by Executive  Vice Chairman Kevin E. Lee, also of the CMIG Board of Directors, as well as other top CMIG leadership and principals of CMIG departments and primary invested companies.

Discussion scene

  ACFIC Vice Chairman Huang  Rong pointed out in his speech that CMIG is a large investment group approved by the State Council of China, initiated by ACFIC and jointly founded by 59 famous private companies in China. It came into being against the background of China’s economy entering the New Normal, reform entering into the crucial period, and the private sector embracing the new stage of development.

ACFIC Vice Chairman Huang  Rong was speaking at the Discussion

  ACFIC Vice Chairman Huang  Rong said CMIG, in its past four years of development, has been confronted by the challenge of how to pool the forces of private companies, seek common ground and make innovative development. He emphasized that CMIG secures returns to shareholders and establishes evident social influence, corporate credibility and demographic effects thanks to arduous efforts by the CMIG management team and employees, and strong support from the CPC Shanghai Municipal Committee, the Shanghai Municipal Government, shareholders and financial institutions, and leadership from ACFIC. Because of these elements, CMIG has made extraordinary and fruitful results.

  ACFIC Vice Chairman Huang  Rong, in his speech, also pointed out that CMIG will focus more on core business and major industries in the future. “The future is full of hope and light,” he said. Huang  Rong hoped CMIG would continue to work hard, saying ACFIC will always be a powerful backer of CMIG.

  At the end of his speech, ACFIC Vice Chairman Huang  Rong asked all people to pay continuous attention to the innovations and practice of CMIG while joining hands to create a bright future.

 

CMIG President Lyu Benxian was speaking.

  At the Discussion, Professor Xu Xiaonian analyzed current economic situation. He pointed out that China has huge economic aggregate and market potential. In a huge country with a population of 1.4 billion, there is always rigid demand.

  Professor Xu Xiaonian said China has entered the post-industrialization period from the industrialization period, whose economic development model and corporate operation model will experience huge changes. All enterprises should make active transformations by relying on innovation-driven growth.

The famous economist Xu Xiaonian was speaking.

  He believes that innovation, on the one hand, relies on technical upgrading and invention. On the other hand, the business model innovation such as Neighborhood Stations made by CMIG can meet demand in rural markets through sustainable low cost. He is full of confidence in the strength and creativity of private companies.

CMIG Vice President WANG Hui was accompanying Xu Xiaonian to visit CMIG’s community service project.

  One day before the Discussion, Professor Xu Xiaonian also visited the Elderly Care Home in Xiaodongmen of Shanghai, and the Jinghuayuan Pleasant Home in Huaihai.