On the afternoon of August 28, 2025, the 19th Frost & Sullivan Global Growth, Innovation and Leadership Summit & Fourth New Investment Conference & High-Quality Development Sub-forum for Listed Companies, co-hosted by Frost & Sullivan, TradeGo, Jinzhou Holdings and LiveReport, was successfully held at the Shanghai Jing'an Shangri-La Hotel.
At the beginning of the meeting, Mr. Wan Yong, Chairman of SULLIVAN TELE-TREND CLOUD TECHNOLOGY and Chief Executive Officer of TradeGo, delivered an opening speech as the moderator. He revealed that recently TradeGo has reached strategic cooperation with Frost & Sullivan and Jinzhou Holdings in the fields of Web3 and RWA, jointly promoting the healthy development of the industry.
Keynote Speech
Lin Taoxi: Secretary of the Board and BD Director of Guangdong Dongyangguang Pharmaceutical Co., Ltd.
Lin Taoxi, Secretary of the Board and BD Director of Guangdong Dongyangguang Pharmaceutical Co., Ltd., introduced several innovative R&D pipelines of Dongyangguang Pharmaceutical and stated that while consolidating its industry-leading position, the company is also actively building an international ecosystem, advancing the BD global strategy, and striving to become a globally leading comprehensive pharmaceutical company integrating R&D, production, and sales.
Liu Yunhong: Deputy Director of the M&A Financing Committee of the China Listed Companies Association and Deputy Director of the International M&A and Investment Research Institute at Renmin University of China
Liu Yunhong, Deputy Director of the M&A Financing Committee of the China Listed Companies Association and Deputy Director of the International M&A and Investment Research Institute at Renmin University of China, introduced in detail the current market overview of listed companies' mergers and acquisitions and reorganizations. He also expressed that after the new reorganization regulations, listed companies' mergers and acquisitions and reorganizations are developing in a more legalized, market-oriented, active, and normalized direction. Listed companies should seize the opportunity to incorporate mergers and acquisitions into their development strategies, establish specialized teams, and strengthen compliance training and management.
Zhi Tao: Founder/Chairman of Yunji Technology
Zhi Tao, founder and chairman of Yunji Technology, pointed out that robots are intelligent entities with mobility and operational capabilities. Driven by six-dimensional abilities (learning ability/adaptability/interaction ability/self-reliance/emotional intelligence/social intelligence), they significantly improve service stability, efficiency, and reduce costs, demonstrating tremendous commercial value in practical scenarios.
In the intelligent era, robots will embrace a demographic dividend. Yunji Intelligent Entities have been deployed in over 30,000 hotels globally across various scenarios, providing services exceeding 500 million times annually, demonstrating reusable, large-scale profitability. In the future, through the integration of quantum theory and AI, services will achieve a leap from mechanical responses to three-dimensional supply, further expanding their commercial application boundaries and value space.
Wen Huijun: Head of RWA Business Unit at Jinzhou Holdings
Wen Huijun, the person in charge of the RWA Business Unit at Jinzhou Holdings, introduced the operational mechanism of RWA and how it empowers business operations and development. It addresses the pain points of enterprises in three areas: cash flow (capital turnover efficiency), supply chain and asset flow (cross-border scheduling of production resources), and customer flow (customer loyalty), helping enterprises achieve an essential leap. Wen Huijun also stated that the global RWA wave is unstoppable, and the RWA financial ecosystem in Hong Kong is still in a very preliminary stage. However, society has reached a consensus and it has the potential for explosive growth.
Yu Zheng: General Manager of TradeGo (Shanghai)
Yu Zheng, General Manager of TradeGo (Shanghai), first introduced that in the first seven months of this year, 51 new stocks were listed on the Hong Kong stock market (a year-on-year increase of +27.5%), raising a total of HK$1286 billion (a year-on-year increase of +616%). Moreover, 230 companies are queuing up to go public in Hong Kong, indicating a high enthusiasm for listing there. He also pointed out that the secondary market refinancing in Hong Kong continues unabatedly. Yu Zheng proposed that companies need to solve three major problems after an IPO: liquidity (including in the index), valuation models, and the changing circle of institutional friends and shareholders, as well as the succession of new and old shareholders. He introduced various key tools such as shareholder traceability, the securities regulatory system, the Hong Kong Stock Connect health check, refinancing, and flash placements to help listed companies gain wings in the capital market and soar forward.
Zheng Hongwei: Vice Chairman of Junda Co., Ltd.
Zheng Hongwei, Vice Chairman of Junda Co., Ltd., introduced how Junda has empowered its enterprises through mergers and acquisitions, refinancing, Hong Kong stock IPOs, and other tools to achieve a cross-border and leapfrog development from automotive plastic trim to solar cells. Currently, it has become a global leading photovoltaic cell company and shared its experience in successfully listing on the Hong Kong capital market, becoming the first photovoltaic cell company to go public on both the A-share and H-share markets. He believes that A-share companies should pay attention to the review procedures and consistency of information disclosure when issuing Hong Kong stocks, focusing on the review by the Hong Kong Stock Exchange and fundraising. At the same time, he stated that selecting professional and experienced intermediary institutions is also a key point. He believes that the Hong Kong stock market is the most convenient overseas continuous financing platform, which can help the company develop its overseas strategy.
Zhang Hongchen: Chief Product Officer of Different Groups, Co-founder of BeBeBus
Zhang Hongchen, Chief Product Officer of different groups and co-founder of the BeBeBus brand, explained how AI empowers different groups in various aspects such as product research and development, creative design, structural engineering, and supply chain. He also stated that R&D efficiency will be increased by 90% with the support of AI, and in the future, AI will drive the accelerated development of the maternal and infant industry.
Roundtable Forum
How does the capital market assist companies in going global and transforming and upgrading?
During the roundtable discussion session, Mr. Wan Yong, Chairman of SULLIVAN TELE-TREND CLOUD TECHNOLOGY and Chief Executive Officer of TradeGo, He Zhaofeng, Partner-in-Chief of Listing Services at EY Greater China, Qi Mingyang, Chairman of the Board of Directors of Jinzhou Holdings Limited, Zong Guisheng, Chairman of the Board of Directors of Beijing Sandi Technology Co., Ltd., Dr. Gao Wenzhong, Director of the All-China Federation of M&A Associations and Executive President of China Enterprise Group Hua, engaged in a dialogue. The guests had an in-depth discussion on how the capital market can assist companies in going global and transforming and upgrading, with an enthusiastic atmosphere at the scene.
