everbright celebrates 10th anniversary event hosted by new chairman mr. tang shuangning | 光大控股-九游会登录

china everbright limited

to: business editor 

[for immediate release]

 [18 september, 2007, hong kong.] china everbright limited (“everbright” or “the company”; stock code: 0165) today held a 10th anniversary cocktail party in the four seasons hotel hong kong. over 200 renowned guests from both hong kong and the prc attended the event. 

 

established in hong kong in 1997, over the past decade everbright has grown alongside hong kong and built up a strong position in the territory. today, the company is a renowned financial enterprise with a market value of over hk$40 billion. the celebratory cocktail party was organized to mark the 10th anniversary of everbright’s establishment, and several renowned individuals were invited to share in this milestone. guests attending included the financial secretary of the hksar, mr. john tsang chun-wah; deputy director of liaison office of the central people’s government in hong kong sar, mr. zheng kunsheng; deputy commissioner of office of the commissioner of the ministry of foreign affairs of the people’s republic of china in hksar, mr. yang zigang; the convenor of the executive council, mr. leung chun-ying; member of the commission on strategic development ms. elsie leung oi-sie; chairman of the hong kong and shanghai banking corporation, mr. vincent cheng hoi-chuen; vice chairman and chief executive officer of hang seng bank limited, mr. raymond c f or; chairman of the hong kong chinese enterprise association, mr. qinxiao. 

 

the new chairman of everbright group and everbright, mr. tang shuangning said, “over the past decade, everbright has developed from an integrated investment holding company into a major provider of cross-border financial services. we have built flexible mechanisms and efficient decision-making processes, and these have enabled us to thrive on competition and establish for ourselves a solid position in the market.” 

 

mr. tang also noted, “currently, china everbright group is being reformed based on changes taking place in the prc. on this basis, china everbright group will be the first country’s shareholding enterprise to hold the licence of financial holding company, which will be a significant milestone for the group. currently, the china everbright group is focusing on the reforms within the territory, and for our enterprises in hong kong, which will maintain the 3 principles, which is “ the unchanged of our institution, our businesses and our associates”, to keep a stable growing of our development. upon the reforms within territory, the group will follow the laws of hong kong. based on the principles, which benefits the prosperity and stability of hong kong as well as a better platform for the development of the corporate in order to provide a concrete scheme for the reformation of the head office in hong kong. he emphasized as the flagship of the china everbright group in hong kong, everbright is facing historic new opportunities for development following the reform of everbright bank and everbright securities under the group. hong kong’s financial market is world-leading in terms of offering an open financial environment and transparent mechanisms. china everbright will fully support everbright to put down solid foundations in hong kong, from where we are serving the mainland and interacting with global markets.” 

 

everbright is a listed company with a principal business covering commercial banking, investment banking, brokerage, asset management, direct investment and wealth management. through holding interest in china everbright bank, and china everbright securities company limited and direct investment, everbright will incorporate excellent service and market resource to participate inthe operation of the financial markets in both hong kong and prc. with solid foundation and strong position of the everbright group and its joint ventured companies, everbright has established an extensive business and social network in hong kong and the prc, and as at 30 june 2007, profit attributable to shareholders amounted to hk$171 billion, representing an increase of 324%, the company’s net assets amounted to hk$8.76 billion, while its total market value in september 2007 amounted to hk$40 billion. the prc and hong kong markets are merging, and demand for comprehensive cross-border finance services is increasing. we have adopted “making wealth simple” as our new positioning statement. we aim to develop in the fields of integrated investment bank business including direct investment, property investment, hedge funds, and asset management, including strategic investment to enhance our competitiveness and provide best return to our shareholders. 

~ end ~