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Soling Industrial: Successful Listing and Global Dealers Conference

2020.10.26 CoStone Capital Views:

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October 22th, 2010 marked the Listing Ceremony and Global Dealer Conference of Shenzhen Soling Industrial Co., Ltd., a moment witnessed by Soling’s dealers coming afar. Soling has kicked off its journey of listing after 19-year growth and became a stronger force in the industry which is geared up for a shining future.

 

October 22th, 2010 marked the Listing Ceremony and Global Dealer Conference of Shenzhen Soling Industrial Co., Ltd., a moment witnessed by Soling’s dealers coming afar. Soling has kicked off its journey of listing after 19-year growth and became a stronger force in the industry which is geared up for a shining future.

 
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Mr. Zeng Hanliang, Vice President of the Chinese People’s Political Consultative Conference (CPPCC) of Bao’an District; Mr. Ye Xinlin, Secretary of De’an County of Communist Party of China (CPC), and County Magistrate; Mr. Luo Qiuxiong, Vice President of the CPC Working Committee and Office of Guan Lan Sub-District; Mr. Zhang Wei, CEO of CoStone Ventures; Mr. Yu Hongjiang, General Manager of FAW Mazda Motor Sales Co., Ltd. and executives of Dongfeng Motor Corporation in charge of front-loading presented the Listing Ceremony opened at 9 a.m. 

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Global Dealer Conference of Shenzhen Soling Industrial Co., Ltd was convened at Long Quan Hotel, Shenzhen. Mr. Zhang Wei, CEO of CoStone Ventures briefly addressed the meeting. 

 

CoStone Ventures and Beijing Huashang Yingtong, a subsidiary of Huashang Media Group, Shaanxi province decided to co-invest Soling after a round of meticulous due diligence investigation on Soling’s business and fiscal condition, and deep and sufficient analysis of the car video and navigation industry, industrial competition, industrial chain, Soling’s value chain, and its management team. It is hoped that this investment will further Soling’s development after its listing.

 

Rewritten by Chen Cong, Edited by Li Yunzhen, Du Zhixin

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, makingHuawei 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

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