A delegation made up of around 150 young people from a variety of sectors in Hong Kong visits the Palace Museum in Beijing to learn about Chinese history on Friday, the last day of their five-day visit to the mainland. [Photo/China Daily] Vice-Premier Han Zheng encouraged young people from Hong Kong on Friday to enhance their knowledge of the nation and pursue their careers considering both the special administrative region and the nation's development. Han, a member of the country's top political authority, the Standing Committee of the Political Bureau of the 19th Central Committee of the Communist Party of China, also called on the young people to contribute to the long-term prosperity and stability of Hong Kong and realize the Chinese dream of the great rejuvenation of the Chinese nation. Han made the remarks when meeting with a Hong Kong youth delegation in Beijing. The delegation of 150 included a cross section of the SAR's young people. Han said President Xi Jinping cares about youth development and has great expectations for Hong Kong's youth. A nation will prosper only when its young people thrive, Han said. Han also expressed his hope that the city's young people will be patriotic, persistent in realizing their dreams and committed to serving the SAR and the country. The delegation, of youth aged 18-35, was on a trip to Shenzhen, Wuhan and Beijing by high-speed rail this week with a special focus on the nation's booming innovation and technology industries. Delegation head Kenneth Fok Kai-kong called meeting Han of great significance as the young people learned that the country's development has set the stage for them to realize their dreams in a historic opportunity. Fok, who is a Hong Kong member of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, added that it would make Hong Kong's youth-related work more inspiring. Andy Tsang Hin-lam, a freshman history major at the Chinese University of Hong Kong, said Han's remarks showed that the future of Hong Kong youth is not just limited to Hong Kong. He called on his peers in the special administrative region to broaden their horizons and take part in national development. Tang Chui-lee, a sophomore studying movie and TV production at Hong Kong Design Institute, said she learned that the country has provided great policies and resources, and young people should seize opportunities in a timely and proactive way. black wristbands
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Gui Shengyue, chief executive officer of Geely Automobile Holdings, says learning the world's latest technology through mergers and acquisitions is key to keeping Geely's continued growth. [Parker Zheng / China Daily] Most people won't dispute it's the courage and aspirations of founder Li Shufu that have helped shape the group's growth, while paying scant attention to the rigor and pragmatism of Gui Shengyue. Gui was named chief executive officer of Hong Kong-listed Geely Automobile Holdings in 2006 after having been tapped by Li in the 1990s well before Geely ventured into the auto industry. Li and Gui, who are of the same age and natives of Zhejiang province in eastern China, struck up a solid relationship despite their different backgrounds. Li had started from scratch, while Gui was recommended by Beijing to work in State-owned China Resources (Holdings) Company in Hong Kong. Gui reckons it's China Resources' standardized management and regulations that have shaped his business philosophy. Discipline and legality are important in such a large corporation. This has influenced me a lot and made me more practical. He was a key witness to Geely's Automobile's development over the years, purchasing spare parts for the group and feeding it with global market information from Hong Kong. After having worked in Hong Kong for years, Gui has grown accustomed to the local business environment. I came to Hong Kong just after graduating from university in 1986. It enabled me to get some understanding of business rivalry in a regulated market in my early years, says Gui. Geely grew rapidly and became one of China's top 500 enterprises in 2002. Its speedy expansion had put pressure on the company's cash flow because of its huge sales target and high production investment. This accelerated Geely's desire to seek opportunities by going public. With Gui's help in building the company's structure, Geely was successfully listed on Hong Kong's stock market through a back-door listing in 2005. The initial public offering eased Geely's capital pressure and created the path for it to climb onto the world arena. Having been appointed to the helm of the Hong Kong unit, Gui believes a successful leader has to be good at controlling the whole situation and capable of making critical decisions. Although critical decisions may involve risks, a leader has to conquer them, and adopting a conservative approach won't bring the results, he says. Thus, I believe, to a certain extent, all the M&As are linked to the existence of our listed company here in Hong Kong. We may not play a critical role but we do have some impact for sure. Geely's shares had been on a roll since the unit's flotation in Hong Kong and the company becoming a constituent of the Hang Seng Index early last year, ending 2017 with its share price tripled.
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