The 6th China-ASEAN Expo "China-ASEAN Leaders Forum on Financial Cooperation and Development" continued on the morning of October 21. The theme of today’s meeting is “How to promote cooperation in investment and financing in the region”. The meeting was chaired by Chen Jianfeng, chief operating officer of Hexun. A number of financial professionals from Cambodia, Malaysia and the People's Bank of China attended the meeting. The following is part of the forum


Zhang Shiyong, vice president of Yuchai Machinery Group Co., Ltd., pointed out that we have two tasks to face the financial crisis. One is the recent task. How do we realize that the West is not bright? The second is the long-term task. How does the heavy industry company from the manufacturing center to the innovation center and the strategy from the cost control center to the value creation center build an innovation system with independent intellectual property rights. The immediate task is to solve the problem of the survival of the enterprise. The task of the period is how to build a mixed entity of industry and capital. After the task is put forward, we have a specific implementation step. We have drafted two major steps: One is to rapidly increase investment. The second is to build a complete business model or business model, to solve the rapid increase in investment, we propose that China's construction machinery, especially the neutral construction machinery manufacturers must run at a sprint speed.


Since the beginning of this year, the company has made a series of breakthroughs in product quality, including product research and development. This is basically in accordance with the company's strategic cooperation and has initially formed a breakthrough for the company. The rapidity is also reflected in the second aspect, that is, how to form a market curve overtaking in the context of marketing and market differentiation services. We use four words to summarize that the “creating scale” market is created. Under the guidance of this idea, our market share in China has increased by 4 percentage points this year. At the same time, we have implemented a differentiated nanny-style post-market service. This has caused our quality problems to disappear in the bud.


The second major investment, 2009 and 2010 is the peak period of our investment. If we count the static investment, we will reach 10 billion yuan. Through this investment, we will further reduce the operating costs of the company and meet the long-term development needs of the enterprise. .


The third part of my speech is the capital market breakthrough and regional sharing. When talking about this topic, I would like to share with you the strategic issues of the company, implement the strategy of going global in 2009, and start Yuchai’s strategy. The construction of the second base and the third base has initially completed the industrial layout at home and abroad. By 2015, we hope that our two affiliated companies will also come in. Yuchai is building a series of trade models, not aggressive or not. Blind.


Yuchai Group is also looking for a series of business plans through such a large investment. The first one is currently actively planning the overall overseas listing of the company and is expected to be realized in mid-2010. The realization of this goal is the first in the Yuchai Group's capital market. Steps are also the first step towards achieving the goal of Yuchai Group's investment and financing strategy. With the opening of this market, financing channels will be opened and development will also enter the fast lane. Yuchai’s desire to seek cooperation in information service informatization consulting is even greater. Strong, demand is more extensive. The second is that we are also actively accelerating the strategy of promoting internationalization. This strategy calls for a higher level of domestic companies. We have established agency relations with more than 30 countries, and with the continuous expansion of overseas markets. At present, the Group’s main market is overseas, so we are exploring how to promote regional economic cooperation. In the service cooperation model, we do not rule out the way of OEM, through the brand's output to seek a foothold in the Southeast Asian market.



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