From September 2nd to 4th, New Opportunities and New Vitality, Phoenix Bay Area Financial Forum 2024 was grandly held in Hengqin Guangdong-Macao Deep Cooperation Zone.

The forum was hosted by Phoenix Satellite TV and Phoenix.com, co-hosted by the Executive Committee of Hengqin Guangdong-Macao Deep Cooperation Zone, and guided and supported by the China Association of Listed Companies. Among them, A-share companies participated in the five major awards for the first time, and XCMG won the "Overseas Innovation Award".

Financial event, big names gathered

The 25th anniversary of Macao's return to China and the 3rd anniversary of the establishment of the Hengqin Guangdong-Macao Deep Cooperation Zone are the two important nodes, which give this forum a profound contemporary significance. Following the successful holding of the previous two forums in Shenzhen and Hong Kong, this forum was held in the Hengqin Guangdong-Macao Deep Cooperation Zone, further highlighting the pioneering role of the Guangdong-Hong Kong-Macao Greater Bay Area in reform and opening up and its historical mission of promoting comprehensive deepening of reform and expanding the breadth of opening up.

As a Guangdong-Macao in-depth cooperation zone, Hengqin is not only a window connecting the mainland and Macao, but also a new growth point full of vitality and vigor in the Guangdong-Hong Kong-Macao Greater Bay Area. This forum brought together government officials, industry leaders and experts and scholars in the financial field from all over the world, and held heated discussions on multiple topics such as the 25th anniversary of Macao's return to China, global economic changes, Chinese companies going overseas, and capital market breakthroughs. Lu Chuan, President of XCMG, was invited to attend the forum on behalf of XCMG.

A-share selection, the only one in the industry

The trend of internationalization is surging, and XCMG has seized the industry's first opportunity. This time, XCMG stood out from the Top 100 candidate listed companies and won the 2024 Phoenix Star "A-share Overseas Innovation Award".

This "2024 Phoenix Star Listed Company Selection" was guided and supported by the China Association of Listed Companies. After strict selection in multiple links such as listing bulletin data analysis, expert review and online voting, XCMG Machinery stood out and became the only award-winning unit in the construction machinery industry.

As an important player in the global construction machinery industry, XCMG's international revenue in the first half of this year was 21.9 billion, up 4.8%, contributing 1 billion incremental revenue, accounting for 44.13% of the total revenue, and has achieved remarkable achievements in the global market, becoming a model of China's manufacturing industry's "going out" strategy.

This award is not only a recognition of XCMG's achievements on the road to internationalization, but also further demonstrates XCMG's leading position and innovation capabilities in the global construction machinery industry.

The road to overseas, XCMG wisdom

As an industry leader, what is XCMG's path to internationalization? At the forum, Lu Chuan delivered a speech entitled "Forging international capabilities, building a world-class enterprise, and striving to climb the Everest of the global engineering machinery industry", expounding XCMG's path to international development:

That is, to unswervingly take technological innovation and internationalization as the main development strategy, and unswervingly follow the high-level and high-quality internationalization path.

This year marks the 75th anniversary of the founding of the People's Republic of China and the 25th anniversary of Macau's return to China. From the super project Hong Kong-Zhuhai-Macao Bridge to the Shenzhen-Zhongshan Link, from the Hengqin Science City on the coast of the South China Sea to the construction of Zhuhai Airport and the Airshow, every precise hoisting, every deep excavation, and every stable pouring are XCMG's solid support for the construction of interconnection in the Greater Bay Area. XCMG makes good use of two markets and two resources in a coordinated manner, crosses the industry development cycle with domestic and international dual circulation, and forges and enhances global competitiveness with the internationalization capabilities of "three creations and three strengthenings":

Three Buildings

Build international transformation capabilities: adhere to the strategy as the overall guide, and build a comprehensive international operation system of "research, production, supply, marketing, service and financing";

Build high-end innovation capabilities: create high-tech, high-value-added, high-reliability high-end products, and move towards the middle and high end of the value chain;

Build localization and deep cultivation capabilities: overseas mergers and acquisitions to strengthen the industrial structure, overseas factories to enhance the industrial layout, and local research and development to consolidate the industrial foundation.

Three Strengthenings

Strengthen digital empowerment capabilities: In terms of the deep integration of new-generation information technology and the real economy, build a "six meridians and six latitudes" global digital industry cluster;

Strengthen green development capabilities: Promote international business, drive the green transformation of the upstream and downstream of the industrial chain, and provide high-quality services and green solutions to global customers;

Strengthen global market development capabilities: Provide comprehensive services for major projects, work together to bring construction projects overseas, and fully fulfill social responsibilities and responsibilities in three aspects.

Engineering technology leads the way, equipping for a better future. Winning the "A-share Overseas Innovation Award" is an affirmation of XCMG's overseas path. XCMG is committed to becoming an enterprise worthy of new trust, benefiting all human resources, and building a better world. In the future, it will actively explore the path of manufacturing overseas, provide valuable experience and reference for the creation of more international companies and international brands, and contribute more to promoting the high-quality development of China's manufacturing industry.

This forum is supported by Drucker School of Management, Greater Bay Area Science and Technology Innovation Center, S&P, Brand Finance, China Credit Trust, Kotler Consulting, and the Chamber of Hong Kong Listed Companies. The conference invited strategic media partners such as China Fund News, Jiemian, Cailianshe, Hong Kong Commercial Daily, Sing Tao News Group, TDM, Macao Daily, and hundreds of cooperative communication platforms such as Ta Kung Pao, Wen Wei Po, Ming Pao, Hong Kong China News Service, and Hong Kong Economic Times.

Source : www.51cm.com

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