Focus on the Development of Far East, Explore the Secret of its Vitality

    Far East Holding Group was built in 1990. After 5 successful restructurings and six major leaps, it has developed into a large-scale privately-owned corporation with annual revenue of nearly RMB 30 billion, brand value of RMB 35.268 billion, and over 10,000 employees. It is also one of “China’s Top 500 Companies”. Far East Holding Group has been advancing along a path of rapid development. There is no doubt that Jiang Xipei, founder of the Group, chairman of the board and CEO, is its navigator in the last 26 years.

    On Oct. 14, some well-known entrepreneurs including Huang Hui, managing partner of Deta Investment Group, Jiang Pengming, chairman of the board of Greentec Group, Ruan Jixiang, president of Jack Holding Group, and Zhang Zhixiong, chairman of the board of Shenzhen Victory Restaurant Management Group visited Far East to explore the secret of its everlasting vitality. Jiang Xipei, Jiang Chengzhi,secretary of the board of Far East Holding Group, director of Far East Smarter Energy Co., Ltd. (referred to as Smarter Energy, stock code: 600869) and Chen Jing, investor, Smarter Energy COO, explained the development strategy of Far East from aspects of development concept, development mode, cultural concept and governance structure.

Jiang Xipei Shares the Development Philosophy of Far East

    Jiang Xipei pointed out that the society has rising expectations for entrepreneurs. Entrepreneursshould try harder to assume their social responsibilities, create good corporate images, serve the overall economic development and deliver benefits to the local people. He introduced Far East’s “Five Satisfactions” (customer satisfaction, employee satisfaction, shareholder satisfaction, government satisfaction, society satisfaction) and the “Three Undertakings” (industry, education and philanthropy). He also explained Far East’s development strategy of “Owner + Investment”, concept of “good morals and excellent academic performance” and core staff incentive system (Incentive System for Core Staff on Long-Term Holdings of Smart Energy Stocks, Preferential System for Buying Far East Property, etc.). He said that the Far East is committed to become a “global investment management expert and smarter energy expert”, insists on the “Owner+Investment” strategy. Far East is dedicated to the Three Undertakings, and is working toward the grand vision of a 100-billion level enterprise.

Speech by Huang Hui at the Symposium

Speech by Jiang Pengming at the Symposium

    Huang Hui said that entrepreneurs of the older generation established and advanced enterprises with their vision and courage. Now, industry segmentation is a lot more detailed than that before the reform and opening up. Seller's market has turned into a buyer's market. Enterprises are facing unprecedented challenges. Development of Far East is no easy achievement. It should be a good reference for other businesses. Jiang Pengming highly praised the development achievements of Far East, affirmed its development mode, and expressed expectations for the prospects of Smarter Energy.

Speech by Jiang Chengzhi at the Symposium

    Jiang Chengzhi pointed out that currently enterprises are faced with extremely complex domestic and international environment. There are both challenges and opportunities. As fresh blood of enterprises, second-generation entrepreneurs shall keep active in learning, draw experience from older-generation entrepreneurs. They shall also integrate experience and give full play to their professional advantages to meet the needs of the future global development. They shall strategically optimize the operation and development of enterprises for better development of enterprises.

Visit the Science and Technology Museum of Smarter Energy

    Leaders also visited Far East real estate projects (Reclusive Island, Far East Longwan, Far East Xiangyi) and science and technology museum of Smarter Energy, inspected Smarter Energy medium voltage cable factory, Far East Trading Pay Network Co., Ltd. (referred to as Trading Pay Network), Far East Material Exchange Center Co., Ltd., etc. and learned in depth about the industrial layout and development concept of Far East. The reception was accompanied by Ma Jun, general manager of Wuxi Far East Real Estate Co., Ltd., Wan Jun, Smarter Energy CFO, and Sun Lu, assistant general manager of Smarter Energy and general manager of Trading Pay Network.

Group Photo