In the morning of March 18, the 5th Member Congress of Association of Share-holding Enterprises of Jiangsu Province was held in Nanjing and participated by more than 300 entrepreneurs within the province, the former member of the CPC Standing Committee of Jiangsu Province and former executive vice governor Yu Xingde and several comrades having served as main leaders of the province, as senior advisors of the association. A new Board of Directors and a new Board of Supervisors were elected and set up. At the conference, Yu Xingde and the Vice Director of Jiangsu Development & Reform Commission Tang Minghai made speeches. Jiang Xipei, Honorary Chairman of the association, Founder, Chairman of the Board and Party Secretary of the Far East Holding Group Co., Ltd., delivered a keynote speech of “Social Value and Responsibilities of Enterprises and Entrepreneurs”.

　　In the speech, Jiang Xipei addressed, “The fact that Donald Trump has been elected as the President of the United States shows that the development of times needs entrepreneurs. It is full of risks in the operation, but it is significant for entrepreneurs to participate in the wave of economic, social and global development.” He introduced the value and responsibilities of corporate citizen from four aspects, including economy, law, society and public welfare.

　　Jiang Xipei delivers a keynote speech

　　He thought that profit was the primary economic responsibility of an enterprise. An existing enterprise should provide qualified products to the society and gain profits. Far East Group has persisted in the development strategy of “main business + investment”. It has paid equal attention to domestic and international businesses, developed soft power and hard power at the same pace and integrated product management and capital operation. Meanwhile, it has strengthened the positioning of global specialist of investment management, fostered and invested more enterprises. So far, the total number of enterprises invested by Far East Holding Group has reached to 335. There are 87 listed enterprises (28 listed in "New Three Board Stock") in accumulation, 1 enterprise that is approved and waiting for issuing, and 18 enterprises of pre-announcement.

　　Second, an enterprise should fulfill contractual obligations, conduct credit and legal management in accordance with laws. He said that in recent years, more NPC and CPPCC proposals had been proposed to crack down on forged and fake commodities and standardize the management of bidding and tendering. As a main part of economic activity, enterprises should actively adapt to and participate in such appeals.

　　Third, enterprises should make great efforts to accelerate upgrading of industry technology and optimization of industrial structure, improve the welfare system for employees and equity incentive mechanism, and strengthen the ability to gather resources.

　　In addition, enterprises should assume responsibilities of public welfare, give capital strength into full play and develop such causes as social undertaking, education, health care and social security. For start-ups, SMEs, large enterprises or mega corporations, their final goal should be to become social enterprises.

　　In the end, Jiang Xipei encouraged entrepreneurs at the site that there was no road back once you were on the road. What we should do was to positively control business risks, assume relevant responsibilities, create more values and serve the society to stay true to the founding mission of the enterprise, realize ambition and win social respect. In addition, enterprises of Jiangsu should make due contributions to the economic development of Jiangsu as advanced units and pioneers.

　　Conference Site