On May 24th, the "SmartHK 2023 Forum for Promoting High-Quality Development in Hong Kong" was held in Guangzhou. The forum, themed "Guangdong-Hong Kong Cooperation for Promoting High-Quality Development," brought together representatives from various sectors in Guangdong and Hong Kong to explore new directions for cooperation and new business opportunities for global economic recovery. It aimed at assisting Guangdong-Hong Kong enterprises in seizing opportunities that help in National development while promoting high-quality development in the Greater Bay Area.
Among the prominent government leaders in attendance were Carrie Lam, the 4th Chief Executive of the Hong Kong Special Administrative Region, Wang Weizhong, Governor of Guangdong Province, Yin Zonghua, Deputy Director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Zhang Xin, Vice Governor of Guangdong Province, Lin Jianyue, Chairman, and Fang Shunwen, President, of the Hong Kong Trade Development Council. Xu Shaochun, Chairman and CEO of Kingdee Group, attended the event and delivered a keynote speech on the topic of "Joining Hands with Hong Kong for Global Expansion."
In his remarks, the incumbent Chief Executive of the Hong Kong Special Administrative Region John Lee said that the development of the Guangdong-Hong Kong-Macao Greater Bay Area is personally planned, deployed, and promoted by President Xi Jinping. It is a major development strategy under China's new era of reformation and opening up, and also the best gateway for the integration of Hong Kong into the country's overall development. The Hongkong Special Administrative Region (HKSAR) government team will work to promote interconnectivity and advance high-quality development in the Greater Bay Area, and steer Hong Kong towards active participation in the country's overall development.
John Lee, Chief Executive of Hong Kong Special Administrative Region
Wang Weizhong, Governor of Guangdong Province, extended heartfelt congratulations on behalf of the provincial party committee and government on the opening of the forum. He said the Guangdong-Hong Kong-Macao Greater Bay Area aims to become a strategic focal point of the new development paradigm, a model for high-quality development, and a vanguard for China's modernization. At present, Guangdong is thoroughly implementing the spirit of the 20th National Congress of the CPC that was ingrained in General Secretary Xi Jinping's important remarks and instructions during his inspection tour of Guangdong. Focusing on the primary task of "high-quality development" and the strategic task of "building a new development paradigm," Guangdong strives to take the lead in building China's pathway to modernization. This will bring in wide-ranging market opportunities and unlimited business potential for overseas enterprises, including those from Hong Kong.
In response, Xu Shaochun, Chairman and CEO of Kingdee Group, as a representative of Guangdong-Hong Kong enterprises, shared Kingdee's experience in promoting high-quality development through its globalization strategy and future plans. While talking about the fruits of high-quality development, he remarked, “ Kingdee has undergone three major transformations during the span of 30 years since its inception. It is now a global leader and China's number one enterprise management SaaS company, as well as a bona fide cloud computing company.”
Xu Shaochun, Chairman and CEO of Kingdee Group
Xu Shaochun emphasized that Hong Kong's business layout is of profound importance to Kingdee's international development. He asserted, "In the wake of Kingdee being listed in Hong Kong in 2001, we used Hong Kong as a bridgehead to expand our international business. In addition to serving various industries in Hong Kong, we actively expanded our global business relying on Hong Kong, and successively established our presence in Singapore, Macao, etc., and developed cooperation with countries like Malaysia, the Philippines, Thailand, Vietnam, Bangladesh, and South Africa."
He mentioned that Kingdee has refined its operations in Hong Kong for 21 long years, providing unique value and powerful digital support to over 3,000 large local enterprises. Banking on Hong Kong, Kingdee has also garnered long-term globalization capabilities, namely improving the service technology of products, including multi-language and multi-standard products and international brand awareness. Also, Hong Kong has proved to be a launch pad for building and boosting Kingdee’s recognition with overseas customers and investors while improving Kingdee's international reputation and expanding its global influence. In addition, it has been able to attract top-notch professional talents from local and international markets. Finally, Kingdee has leveraged Hong Kong's status as an international capital market to connect with other international capital markets.
Speaking about Kingdee's future global development, Xu Shaochun said: "This year marks Kingdee's 30th anniversary. We will continue to return to our original aspiration and serve world-class enterprises with digital support." He also affirmed that by the end of this year, the goal of "rebuilding Kingdee in three years with a SaaS subscription model" that was introduced had been achieved. By 2026, Kingdee will build China's most powerful PaaS platform and by 2030, a world-class enterprise software market, achieve global deployment, and share China's enterprise management model with the entire world.
In addition, Xu Shaochun also discussed the common development path for Guangdong-Hong Kong enterprises with Paul Kwok, Executive Director of Sun Hung Kai Properties Limited, Wang Lei, Chief Executive Officer of Huatai Financial Holdings (Hong Kong) Limited., and Augustus Tang, Chief Executive Officer of Cathay Pacific Group.
Group photo of the discussion session
Based in Shenzhen, which is adjacent to Hong Kong, subsequently, Kingdee will also continue to strengthen resource integration in the Greater Bay Area, deepen regional cooperation, and focus on collaborative innovation with Guangdong-Hong Kong-Macao Greater Bay Area enterprises to jointly promote high-quality development.
