The year of 2018 witnessed Yuhong Group's all-out efforts with energy and dedication. Thanks to the
joint efforts of all colleagues in the Group, Yuhong Group has achieved continuous progress and
healthy development in the past year
As the founder of Yuhong Group, Mr. Dong Zengmin expressed his gratitude to every "family
members" for your trust and support in 2018. In the future, Yuhong Group will continue to innovate, forge ahead and live up to your expectations.
In the following keynote speech, Mr. Rui Yuehua, the representative of the 12
th National People's
Congress, the former party secretary and director of the Hubei Securities Regulatory Bureau of the
China Securities Regulatory Commission, the former party secretary and chairman of the China
Securities Small- and Medium-sized Investor Service Center Co., Ltd., and strategic adviser of the
Yuhong Group, summarized two representative "black swan" in the past 2018: Sino-US trade war and
the development of private enterprises. He said 2019 was an unusual year, with market uncertainties
soaring, and risks and crises will continue to emerge. In 2018, we are experiencing a global economic
slowdown. Affected by trade tensions, the global economic growth is showing an overall slowdown
trend. In this reverse cycle of globalization, the downward pressure of China's economy is also
increasing, and the investment in fixed assets is slowing down gradually. Under the macroeconomic
policies and regulation, China will continue to evolve in the reverse cycle with "slowing down in
growth and improving in quality".
Internally, the trade war between China and the United States has promoted a new round of reform in
China and further propelled industrial upgrading; "three eliminations, one reduction, and one
supplement" is also quite effective, which enables a stable development of the market.
Externally, China will play an active role in the future development of globalization. To activate trade
cooperation between Asia, Europe and Africa through the Belt and Road initiative, and bring new
momentum to promote investment and industrial cooperation among countries along the route.
In the future, the central government will give full support to the development of private economy and, with strategic foresight, establish long-term mechanism and superior platform for the development of
private economy from two aspects of market construction and legal construction.
In the end, Mr. Rui concluded his speech by "faith for a better tomorrow", which demonstrates his
confidence in China's rise and future.
Review the Past, and Look into the Future
Subsequently, Mr. Shen Xin, Vice President and General Manager of Yuhong Group, made a series of
conclusions on the overall operation of the Group in 2018 and shared his outlook of the Group's layout
in 2019. He summarized the responding methods and attitudes of the three business segments of
Yuhong Group in the face of major changes in the internal and external environment in 2018 in the
very words - "enterprising, prudent and planning for change". Mr. Shen said that the Group took the
China-Africa Cooperation Forum and the World Import Expo as an opportunity to complete the
important strategic layout in Africa and establish friendly and cooperative relations with the West
African countries to jointly develop natural resources and help economic and trade development in
At the same time, Mr. Shen also proposed the purpose and core of the Group's overseas distribution in
2019: firstly, enterprising. The Group will be committed to supporting West Africa development with
domestic high-quality enterprises, technology and productivity in 2019, working with Minhang District
Government to promote the project of small towns with African characteristics, and introducing the
specialty goods of the sixteen countries in West Africa, so as to open up the Chinese trade market for
Sierra Leone and other member states, and achieve interconnection and intercommunication; secondly, steadiness. The Group will integrate the industry + investment model into a new format to bring it in
line with the international practice, and devote itself to the building of infrastructure that serves
enterprises and people, and then become part of the development of domestic industrial and
commercial infrastructure; finally, planning for change. The Group will focus on customers, provide
professional and most valuable high-end wealth management product solutions, and provide
high-quality comprehensive services such as wealth management, wealth life and equity investment for
high net worth individuals.
The Friendship between China And Africa, Win-win Cooperation
The most worth mentioning is, of course, that the foreign guests from all over the world have also
expressed their sincere wishes to the Yuhong Group. Among them, three foreign guests from Sierra
Leone, Mr. PHILIP TETEMA TONDONEH, Mr. SAFFA WOYA ROGERS and Ms. JARIEU BAYOH
expressed their ardent blessings for long-standing friendship between China and Africa and their
sincere wishes for the deep cooperation between Yuhong Group and Sierra Leone in the future; while
Mr. PRINCE WEAH, the special envoy of Liberian President, expressed his love for China and his
vision for further development of China and Liberia in humorous words.