Chen Long, Governor of the Shaoxing Branch of the People’s Bank of China, and his delegation paid a visit to Yuegong Group for a fact-finding tour.

Release Date:

2014-08-11 14:41

On August 6, Chen Long, Governor of the Shaoxing Central Branch of the People’s Bank of China, accompanied by Zhang Xiaoliang, Deputy Governor of the Shaoxing Branch of China CITIC Bank, paid a visit to Yuegong Group to conduct a research and guidance tour.

During this visit, President Chen primarily conducted a fact-finding mission to assess our company’s operational performance, its development prospects, and the status of our cooperation with the bank, while also soliciting the enterprise’s views and recommendations regarding the government and financial authorities.

At the research symposium, Chairman Chen Bailiang of the Group’s Board of Directors presented an overview of the Group’s operational performance and the development challenges it faces. He provided a detailed report on Yuegong Group’s business results for the first half of 2014 and outlined the Group’s strategic direction for the next phase. From a corporate perspective, he also candidly highlighted key issues confronting the company, including financing costs, the alignment of short-term and long-term debt, the establishment of a credit‑based system, and risk management and control.

President Chen provided detailed responses to each of the questions raised by Chairman Chen. He also commended Vietgong for its achievements in management, operations, and development, noting that, despite the challenging macroeconomic environment, the company has avoided reckless expansion, maintained robust growth momentum, and exercised prudent control over capital deployment—efforts that have yielded steady progress, a feat that is far from easy. He expressed the hope that Vietgong will continue to adhere to its business strategy of “refining, specializing, and strengthening” its core operations, charting a path of development that aligns with industry norms and leverages the unique characteristics of its sector.

The photo shows President Chen (third from the left) listening to a report by Chairman Chen of the Group’s Board of Directors at a research meeting.

Leaders of the Ren Qiliang Group conducted a research visit to the Shandong branch.

Chairman Chen Bailiang of the Group’s Board of Directors was elected Vice President of the Second Council of the EBMA Association at Xiamen University.

Leaders of the Ren Qiliang Group conducted a research visit to the Shandong branch.

Chairman Chen Bailiang of the Group’s Board of Directors was elected Vice President of the Second Council of the EBMA Association at Xiamen University.