On July 14, 2023, the "Safeguard Retirement Fund, Enjoy Peaceful Senior Years" themed financial education event was held at the Shenzhen Yantian District Social Affairs Center·China Merchants Guanyi Nursing Home (hereinafter referred to as "China Merchants Guanyi Retirement Home").
The event was organized by the Shenzhen Securities Regulatory Bureau and the Yantian District Civil Affairs Bureau, with the support of the Shenzhen Securities Investor Services Center and China Merchants Guanyi Retirement Home, and jointly hosted by CoStone Capital, Minmetals Futures, and Penghua Fund.
The objective of this event was to promote financial knowledge among the elderly, enhance their awareness and prevention capabilities against illegal financial scams, effectively safeguard the legitimate rights and interests of the elderly, and earnestly protect their financial security
During the donation session, CoStone Capital and Penghua Fund jointly donated daily necessities such as dining tables, microwaves, and disinfection cabinets to the elderly at China Merchants Guanyi Retirement Home.
Minmetals Futures provided anti-fraud training for the elderly at the nursing home under the theme "Preventing Elderly Scams, Safeguarding a Happy Retirement," raising awareness about illegal securities investment fraud.
After the presentation, in celebration of the July 1st Founding Party Day, the staff performed classic songs for the elderly at the nursing home and invited retired elderly party members to join in the choir, creating a harmonious ensemble as they sang "Me and My Motherland," immersed in the uplifting melodies.
Subsequently, under the organization of the staff, the elderly participated in a puzzle game competition featuring the map of China, creating a lively atmosphere on-site.
Finally, amidst the laughter and joy of the elderly, the event concluded successfully.
Based on Peter F.Drucker's philosophy, a company is an organ of society and the community, existing for the benefit of society. CoStone Capital has always adhered to Drucker's philosophy, actively fulfilling social responsibilities, and striving for the betterment of the public interest.
The elderly are a precious asset to society and have made significant contributions to both society and families. CoStone Capital is honored to contribute to the well-being of the elderly, supporting their health and happiness in their later years.
In the future, CoStone Capital will continue to contribute to public welfare initiatives such as investor education, investor rights protection, and support for the elderly.
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across