Recently, according to the deployment of CR Capital, CR Capital Management took the lead in organizing the second collaborative work meeting of CR Capital in Hong Kong. Twenty-five representatives from CR Capital, CR Bank, CR Trust, CR Capital Management, CR Financial Leasing, CR Insurance Brokers, and CR Yuanta Fund attended the meeting in Shenzhen and Hong Kong.
This meeting aimed to review and summarize the performance of key collaborative businesses in the first half of 2022. Many issues were discussed around Hong Kong's economic development and the role and mission of CR Capital Management as a Chinese state-owned enterprise. These issues included how to leverage Hong Kong's financial resources and proactively implement regional industry-finance synergy and finance-industry-government collaboration. In addition, opportunities for SPAC business development in Hong Kong were also discussed.
The General Manager of Strategy Department of CR Capital Management made an introductory speech. He pointed out that CR Capital Management, as CR Capital's business unit in Hong Kong, will actively implement the "3+2" strategy in its 14th Five-Year Plan. CR Capital Management will explore, deploy, and pilot collaborative businesses in Hong Kong. In addition, CR Capital's business units must be pragmatic and focused on how to implement tasks. They should contribute their ideas and create development opportunities together.
Finally, the head of Strategic Development Department of China Resources Capital Holdings Co., Ltd. delivered a closing speech and clarified the deployment of the subsequent tasks. First, CR Capital will improve its organization and working mechanism. Employees must discover new ideas by beginning with the end in mind. They must collaborate to explore and gain experience in specific projects. Finally, a collaborative mechanism that benefits multiple parties can be formed.
Second, in terms of licenses, CR Capital must focus on the connection between China and other countries and leverage its strengths to prioritize development. It must facilitate the integration of existing license resources. The license #4 for securities investment advisory services, the license #9 for asset management, and the insurance brokerage license must be efficiently utilized to ensure sound cross-border funds management and wealth resource allocation. CR Capital should actively develop its businesses in Hong Kong. It must also attract foreign investment and go global to meet industry needs.
Last but not least, CR Capital must adhere to the "one positioning" and the "three efforts" to better understand the strategic positioning and objectives of the 14th Five-Year Plan in finance. It must continue to deepen the collaboration between its financial business units and maximize the strengths of each institution to ensure efficient synergies in the Hong Kong and Macao regions.
