Why con­nec­tions mat­ter in vi­sion for fu­ture

China Daily (Canada) - - HONG KONG - By SO­PHIE HE in Hong Kong


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.”

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