Seminar on innovation and development strategies of Chinese listed companies held in Beijing

Many leaders, experts, scholars and senior leaders from more than 40 China Business Top 100 (CBT 100) companies attended the forum, such as Ji Xiaonan, chairman of the CBT 100 Company Forum, Hou Yunchun, former deputy director of the Development Research Centre of the State Council, Wang Wei, deputy Party secretary of Xishan district of Wuxi, Zhang Xiaoyu, executive vice president of CICPMC, Li Xiaojun, vice president of the China Association for the Promotion of Industrial Development and Yu Xingxi, secretary general of the Beijing Listed Companies Association. They delivered keynote speeches and held round-table discussions on the central topic of expanding and strengthening CBT 100 companies with scientific and technological innovation and institutional reforms.

Shen Hanyao, president of the WEI and executive chairman of the CBT 100 Company Forum, released the CBT 100 Company List at the seminar. The CBT 100 Company List has been published for 19 consecutive years, and a total of 500 companies made the list this year. Different from other relevant lists, the CBT 100 Company List has continuously used total profit as the criterion to rank Chinese listed companies. Therefore, companies that have appeared in the list are the most competitive and the most profitable in China, and can be regarded as the real top Chinese companies. The profit-oriented methodology reflects the underlying requirements of development of companies, and the list essentially advocates expansion, strengthening and optimisation of CBT 100 companies. In particular, given the requirement of high-quality development, Chinese companies not only need to be profit-oriented to grow larger and stronger, but also need to be science and innovation oriented as well, so as to become worthy of social respect and public trust.

Liu Ke, chairman and general manager of Xinchao Energy (a CBT 100 company), strongly endorsed the development ideologies regarding expansion, strengthening and optimisation of companies. He delivered a keynote speech on strengthening profit orientation and directing the CBT 100 companies to grow stronger and larger. Liu pointed out that as the core value of companies is to generate profits, they need to consider economic benefits as their top priority. The most welfare-improving thing that listed companies can do for their investors is to generate profits. With this philosophy, listed companies need to think of new ideas and make new breakthroughs in terms of technological innovation, methodological innovation, organisational innovation and cultural innovation. Only in this way can the capital operation of listed companies be accepted and welcomed by the market, and only in this way can companies grow stronger, larger and better.