Frost & Sullivan China New Economy SummitThe 12th Growth, Innovation and Leadership 2019 (GIL) Awards Ceremony was grandly held at the Shanghai Bolei Hotel on July 18, 2019.
1. Summit grand occasion
Global President and Executive Partner, Frost & SullivanAroop Mr. Zutshi, Mr. Yang Guoping, Chairman of Shanghai Volkswagen Public Utilities Group, a well-known listed company in Hong Kong; Dr. Wang Xin, Global Partner and President of Greater China at Frost & Sullivan; Mr. Huang Minghua, Managing Director, Head of Investment Banking at BOC International Asia Limited, Executive Head of Global Client Center; Mr. Meng Yi, Managing Director, Vice Chairman and Head of China Advisory Business at HSBC Global Banking China; Dr. Shen Lifeng, Deputy Secretary-General of the Hong Kong International Investment Council and Independent Director of Hebei Construction Group Co., Ltd.; Mr. Xu Jin, Managing Director and Joint Head of China Investment Banking at BNP Paribas China; Mr. Zhu Jielun, Chief Financial Officer at Tianjing Biology; and Mr. Zhou Yibang, Managing Director of China Galaxy International Securities (Hong Kong) Limited and Member of the Hong Kong Stock Exchange Listing Committee, participated in the launching ceremony of this summit.
At this grand event,The 2019 Frost & Sullivan New Economy Awards were announced with pride. The outstanding enterprises that received the 2019 China New Economy Special Award and New Economy Award include:
Introduction to Frost & Sullivan Video
Frost & Sullivan China New Economy SummitThe 12th Growth, Innovation and Leadership 2019 (GIL) event was held at Frost & Sullivan's Global President and Executive Partner Aroop The opening ceremony of Zutshi's speech began.
Global President and Executive Partner of Frost & SullivanAroopZutshiMr. said in his speech:
"We are experiencing a global transformation, witnessing the gradual disappearance of market players who once dominated, replaced by emerging enterprises. At its core, this is because technology is a double-edged sword.—— To be both enablers and disruptors, we must understand the emerging technologies that are constantly evolving forward. Undoubtedly, the primary goal for all CEOs is growth It is precisely because of technological change,The CEO's perspective and strategy on problem-solving must be adjusted accordingly.
Against the backdrop of globalization, all industries are undergoing change, and We are moving towards an era of digital transformation, and China will become a major technology center in the future.For example, the much-talked-about artificial intelligence technology. Everything we do will be digitized, and every aspect will undergo a digital transformation. These transformations cover AI, the Internet of Things, cloud computing, AR, and more. All industries must become technology players; whether you are a manufacturer or a traditional non-tech company, every enterprise should establish an independent intellectual property system. Intelligent technology, intelligent economy, green economy, blockchain—these are all key technologies for the future.
We should never be satisfied with everything we have today, especially in an era where technology is developing rapidly."
Dr. Wang Xin, Global Partner and President of Frost & Sullivan Greater China, pointed out:
"From the initial industrialization infrastructure construction phase, toIn the new stage of 'reform and opening up', and now to the stage of building a moderately prosperous society in all respects, New China has gone through numerous difficulties and tests, achieving development results that have amazed and shocked the world. Since the reform and opening up, China's contribution to global GDP has risen from 2% to nearly 16%, with its economic growth rate leading the world and making significant contributions to the global industrial chain. With the steady development of industrialization, China's per capita GDP reached 64,644 yuan (about 9,395 US dollars) in 2018, an increase of 200% over a decade.
Against the backdrop of technological innovation and development, China's advanced productive forces have been unleashed, significantly improving people's consumption levels and quality of life. Technological development has helped China successfully develop its first large passenger aircraft.The C919 has broken the foreign monopoly on large passenger aircraft. In the past 10 years, China's high-speed rail transportation has been upgraded and replaced, with the operational mileage of high-speed trains approaching 30,000 kilometers, accounting for two-thirds of the global total. The activity radius of Chinese residents has significantly increased. With the improvement of communication and information network technology, the total number of mobile smart communication tools held by Chinese consumers has increased nearly 3.5 times in 10 years. The scale of online shopping by Chinese consumers has grown exponentially, changing people's consumption habits and greatly improving the convenience of consumer life.
In the process of implementing the strategic development guideline of building the country through science and technology, Chinese enterprises and entrepreneurs play a crucial role. As promoters and participants of social development, Chinese enterprises need to assume an important social responsibility of driving economic growth and fully exert their subjective initiative in promoting technological innovation direction changes. The development direction of enterprises is closely related to the leadership and decision-making of entrepreneurs. Entrepreneurs' sense of responsibility and awareness for social innovation development, as well as their spirit of making continuous contributions to building a strong country through science and technology, are crucial. Demonstrating leadership in guiding industry development will be an important manifestation of entrepreneurs' sense of commitment. In New ChinaIn the 70 years of rapid development, the Chinese people have experienced countless twists and tests. On the path of future innovative development, Chinese enterprises and entrepreneurs also need to have the determination and perseverance to cut through thorns and continuously overcome difficulties."
2. Summit highlights
2.1The GIL Summit has a long history.
Long-standing history
The Frost & Sullivan Growth, Innovation and Leadership Summit is a globally renowned international business award event, held annually in the core cities and regions of major world capital markets.Since 2009, the summit has been held annually in China, with this year being the twelfth session held in China. Frost & Sullivan China commends and recognizes the outstanding efforts made by award-winning enterprises in driving business growth, innovation and technological progress through evaluation across all market sectors in terms of growth, technology innovation, leadership, customer service, investment and financing, and corporate strategy. It also highly acknowledges and praises the leading position that these enterprises have achieved in their respective industries and their significant contributions to innovation in the overall industry. In order to achieve high-quality economic development, the trend of China's economic system shifting from being dominated by traditional economies to new economies is becoming increasingly evident. Therefore, advocating for the transformation of old and new drivers and offering strategies to achieve economic transformation is the highlight of this summit.
2.2All-expert evaluation system
Comprehensive Assessment System
Frost & Sullivan'The judging panel for the 2019 GIL Summit consists of financial industry experts and senior executives from listed companies. They are objective, impartial, experienced, and highly credible. The winning companies can not only gain recognition from the investment community but also receive objective valuation opinions. The composition of the judging panel is as follows: The chairman of the judging panel is Mr. Yang Guoping, Chairman of Shanghai Volkswagen Public Utilities Group, a well-known listed company in Hong Kong; members of the judging panel include Mr. Huang Minghua, Managing Director and Head of the Investment Banking Department of BOC International Asia Limited, Executive Head of the Global Client Center; Mr. Meng Yi, Managing Director and Vice Chairman of the Global Banking China Region and Head of the Advisory Business in the China Region of HSBC Bank; Dr. Shen Lifeng, Deputy Secretary-General of the Hong Kong International Investment Council and Independent Director of Hebei Construction Group Company; Mr. Xu Jin, Managing Director and Co-Head of the China Investment Banking Department of BNP Paribas Bank in France; Mr. Zhu Jielun, Chief Financial Officer of Tianjing Biology; Mr. Zhou Yibang, Managing Director of Galaxy Securities (Hong Kong) Limited and a member of the Listing Committee of the Hong Kong Stock Exchange.
3. List of Awards
Award Ceremony Video of the 2019 Frost & Sullivan China GIL Summit
3.1growth award
Growth Awards
Facing the increasingly complex global development environment, Chinese unicorn enterprises will continuously strengthen their supply capabilities in innovation elements such as technology, talent, capital, and information, becoming the main driving force of the new economic tide. Therefore, Frost & Sullivan was established.The 'Growth' award is designed to recognize enterprises and entrepreneurs who have achieved growth in revenue and profits, product scale, coverage, etc., and to encourage more enterprises to invest in the development path of the new economy. It aims not only to achieve growth for the enterprises themselves but also to become an important driving force for the stable and development of the Chinese economy.
3.2Science and Technology Innovation Award
Innovation Awards
Technological innovation is the cornerstone of corporate growth. Therefore, this year's selection of the Frost & Sullivan New Economy Awards has also placed more emphasis on technology innovation enterprises. The development of the Chinese economy cannot be separated from technological innovation, and the application prospects of technology are very broad, with numerous market opportunities. China leads in basic research, application levels, and high-end technology, with its fruitful achievements in high-tech fields attracting worldwide attention. Although some areas still need further development, as a populous country, building the nation on technology is fundamental. Only by maintaining significant progress in various technologies can China meet the needs of economic development. Similarly, the development and progress of enterprises cannot be separated from technological innovation. Enterprises conducting technological innovation are an important measure to maintain competitiveness in domestic and international markets. Frost & Sullivan was established.The 'Innovation and Entrepreneurship' award aims to encourage enterprises to actively engage in scientific and technological research in response to various application scenarios, and to make good use of the achievements made through technological development.
3.3Leadership Award
Leadership Awards
Frost & Sullivan has been deeply involved in the Chinese capital market for over two decades. With discerning insight, it has identified and supported a succession of unicorn enterprises with high growth potential and has witnessed the rapid development of the Chinese economy and its enterprises. The selection of the Frost & Sullivan New Economy Award is also a recognition of the significance of entrepreneurship, aiming to promote entrepreneurship globally and grasp the core elements of business development. sand livon establishThe 'Leadership' award aims to encourage entrepreneurs to carry forward the 'entrepreneurial spirit' and help businesses stand out in the tide of the times.
3.4 China New Economy Award
New Economy Awards
★Currently, in the increasingly competitive international market, China's economy is in a challenging period of transformation from high-speed growth to high-quality development. The growth rate of the new economy directly determines the dynamic structure, process, and development trend of the transformation between old and new drivers, and directly affects the momentum of high-quality development. Business founders need to quickly make corporate strategies and decisions from a global perspective in the new economic soil environment, seize opportunities during China's economic transformation, respond to market changes and demands, innovate and reform, face difficulties head-on, and achieve sustained growth.
★China has a large population, and the conditions and degree of economic development are not balanced. The problems that emerge in economic development are often diverse and complex. Facing application scenarios with a large number of changes in the economic environment, we need to find solutions that are lower-cost, more efficient, more comprehensive, and faster-responding. For enterprises with a certain scale and strength, in the current context of accelerating technological progress and shortened technology update cycles, only by strengthening R&D investment and accelerating the pace of technological innovation can they maintain competitive advantages and achieve leapfrog development.
★Dr. Wang Xin believes that leadership is of great significance to the success of an enterprise. It implies the ability to coordinate strategies and make decisions, as well as the entrepreneur's indomitable spirit and never-giving-up attitude. Entrepreneurial spirit is nothing more than a few points:
Firstly, as the soul of a business, entrepreneurs must have foresight, be able to lead the direction, and must not lead in the wrong direction;
Second, there must be a high level of focus or determination, and one cannot change their mind frequently;
Thirdly, there must be an indomitable trust. The world environment China currently faces is still fraught with crises, but as the saying goes, 'No nation can prosper amidst many difficulties.' When the country faces numerous external challenges, entrepreneurs become even more united and cohesive, and their entrepreneurial spirit is further promoted. Leadership is an important aspect of the entrepreneurial spirit, helping businesses ride the waves of market competition and forge ahead bravely.
The 2019 Frost & Sullivan China New Economy Award recognizes outstanding performance and achievements made by enterprises in areas such as growth, innovation, leadership, customer service, investment and financing, and corporate strategy. The Frost & Sullivan team has nominated a group of competitive and outstanding companies to the independent judging panel through methods such as in-depth interviews, industry analysis, and secondary research.
Carrying forward the past and opening up the future, embracing the future
Frost & Sullivan China New Economy SummitThe selection of the 12th Growth, Innovation and Leadership Awards 2019 aims to discover "Outstanding entrepreneurs and enterprises that 'accompany the Republic in forging ahead'" are commended for their dedicated and tireless contributions to economic construction since the 70th anniversary of the founding of the People's Republic of China, adding bricks and tiles to the great economic achievements of the country. Their distinguished presence within the industry, outstanding achievements, and benchmarking role will assist them in forging ahead into broader horizons and achieving even greater brilliance. Frost & Sullivan will also accompany them on this journey, providing support and witnessing their success, with a promising future ahead.
The independent introductions of the award-winning enterprises will be presented alphabetically.
To be released successively in the future Stay tuned.
All business activities conducted by Frost & Sullivan use" Frost & Sullivan "or" Frost & Sullivan The company and its trademarks, 'Frost & Sullivan', do not have any other branches other than those mentioned above, nor have they authorized or employed any third parties to represent Frost & Sullivan in conducting business activities.Frost & Sullivan only uses the trademark and trade name of "Frost & Sullivan" in all its business activities. Frost & Sullivan does not own any subsidiary, branch, or affiliate with a name that is not "Frost & Sullivan". Frost & Sullivan never authorizes or engages any third party to conduct any business activities on behalf of Frost & Sullivan.
