2015 New Year Greeting Speech


Reform and Innovation for Transformation and Development

Dear colleagues and friends:

Happy New Year!

On the occasion of the Year of Ram, I'm extending my festival greetings and best wishes to you and your family members, and extending my heartfelt thanks to all the people from all walks of life who care for and support the development of Yuexiu Group, on behalf of the Party Committee, Board of Directors and Management of Yuexiu Group!

Looking back the past 2014, under the general background of complicated macro-economic situation and deep industry change, we took full advantage of the two markets and the two resources to effectively exert the dual-wheel drive advantage of industrial management and capital operation, to positively promote the reform, innovation, transformation and upgrading, and to deepen the professional manager system reform, so as to achieve the rapid and sound development in combination of endogenous growth and exogenous expansion. By the end of 2014, Yuexiu Group achieved the total assets of more than RMB 300 billion for the first time, and the operating revenue of more than RMB 30 billion for the first time, and achieved the key business indicator – the "12thFive-Year Plan" target one year earlier. Particularly, we historically completed the acquisition of Hong Kong Chong Hing Bank, leaving Yuexiu Financial Holding Group truly become a genuine financial holding group; we successfully maintained the "investment grade" rating of four listed companies, allowing the industrial development quality and risk control capacity of Yuexiu Group to continuously recognized by the international capital market and the investors.

In 2014, our achievements were hard-won. These achievements represented the hardworking and sweat of our employees, fully reflecting the efficient execution ability and powerful breakthrough ability of our teams at all levels. I'm deeply proud of such excellent teams.

The year 2015 is the 30thanniversary of Yuexiu Group, and is the key year to start the "13thFive-year" development plan and to create the new pattern of industrial development. Under new normal conditions, we are in the face of new trials: The real estate industry will have higher requirements for cost control as well as product and service quality; the financial industry will face the interest rate liberalization, internet finance, intensifying competition and other new challenges. When sailing upstream, you will drop back if you don't advance. How should we seize the opportunities to construct new development advantages under the new development pattern?

We should seize the strategic opportunities for overall planning and efficient execution to create the new pattern of industrial development with more extensive industrial development perspective and more powerful resource integration in the processes of domestic REITs booming, Guangdong free trade area construction, Guangzhou regional financial center construction as well as deepened reform and assets reorganization of state-owned enterprises.

We should make some breakthroughs in the organization ability construction, professional manager system, internal synergy mechanism and long-acting incentive mechanism with greater reform and innovation strength, promoting strategic measures with profound influence on the enterprise development including partner system, capital participation system, management shareholding and employee shareholding in the finance, property and other business units, leaving the human capital become the source power to drive Yuexiu Group to keep moving forward.

We should continue to practice hard for strict cost control and resource allocation efficiency improvement with greater determination, so as to further increase the return on net assets and to pay more attention to the quality and benefit improvement; we must more deeply understand the customer demands, focus on the customers, constantly increase the resource investment efficiency, more effectively meet the demands of target customers, and pursue the comprehensive improvement in product and service quality. 

We should positively embrace the internet transformation and innovation with more forward-looking vision, so as to further optimize the business model and the business structure, and to constantly improve the sustainable development momentum.

In 2015, we will face both numerous challenges and numerous development opportunities. I firmly believe that based on the solid foundation of reform and development of Yuexiu Group in the past thirty years, under the guidance of the core value concept " excellence without limits", with the pioneering spirits and unremitting efforts of all Yuexiu Group people, Yuexiu Group will certainly "move from one success to another success" constantly, and will develop into a more excellent modern international enterprise group with more market competitiveness. Let's strive for the better future of Yuexiu Group with high aspirations and down-to-earth spirits!

Finally, I wish everybody happy new year, good health and family happiness! 

Chairman of the Board of Directors of Yuexiu Group
Zhang Zhaoxing