Why connections matter in vision for future
The business philosophy of Hu Zhanghong is centered on a focus on the market, focus on the clients, and also on being flexible in terms of dealing with different market situations.
“The capital market is the major battle field for us investment institutions, and we all know that the capital market is ever changing, even though it still displays its own trends and regular patterns,” the chairman and chief executive of CCB International told China Daily.
CCB International has formulated a strategy which can be summarized thus: Stay connected to the Chinese mainland, stay connected to growing industries and stay connected to the capital market, Hu added.
“This business strategy enables us to have a broader perspective when arranging our business, it also enables us to be more strong and steady when facing difficulties and challenges.”
Hu said the major fluctuations in the Hong Kong capital market during the past two decades, including the SARS (Severe Acute Respiratory Syndrome) outbreak in 2003 and the financial crisis of 2008, have taught him that CCB International needs to pay close attention to economic cycles and patterns, and its business operation needs to follow the economic cycle.
CCB International attaches great importance to cultivating young employees, and has set up a “creative fund” to encourage and reward young employees who come up with good business ideas, Hu revealed.
Aside from that, the management team of CCB International also spends time in communicating with its young employees to understand their demands, as youngsters these days are outspoken, and they have their own ideas and aspirations which should not be ignored, he said.
“When I was at their age, I had the opportunity of learning from senior employees and many people also helped me.”
“So now as chairman and chief executive, I am obligated to help the youngsters.”
CCB International also spares no efforts in creating an environment that encourages youngsters to be outstanding at their work, Hu said.
He explained that CCB International is focused on employee performance and ethics, rewards outperformers and provides a transparent promotion system for staff.
For those keen on joining CCB International or any investment institution, the first quality they must have is professional integrity, said Hu.
“I personally attend some of our recruitment interviews, and pay close attention to their experience and professional integrity.”
“Secondly, learning ability is crucial in our industry, as the financial industry — including the technologies used in the industry — is changing rapidly.”
“Only the ones who can learn new things very fast are able to deliver excellent performance,” Hu said.
Hu admitted that working in the financial industry is very stressful, as he needs to cope with ever-changing market situations. He depends on a workout before or after office hours to relieve pressure and stay fit.
Hu said recently he has been reading a very interesting book by Japanese professor Takashi Saito, the English title of which reads as “Rules of Conversation”, and he has recommended the book to young employees of CCB International.
Hu said that it is a book about communication, and he believes communicating with other people is very important, not only in the work place, but also in daily life.
“I found it very inspiring, and hopefully the book can help our young employees communicate better with others.”