On March 2, the signing ceremony between Yuexiu Financial Holdings and Fortune Global Forum was held in the Guangzhou International Financial Center which signified Yuexiu Financial Holdings officially became one of the major partners of Fortune Global Forum in 2017, and also meant that as the first local financial holdings listed platform in China ,Yuexiu Financial Holdings' brand image has been spread to the world.
In the speech, Allen Murray, an editor-in-chief of Fortune Magazine, expressed that he was glad to reach cooperation with Yuexiu Financial Holdings Group. Fortune Global Forum will provide a platform for global multinational corporations, enhance understanding and strengthen cooperation with large enterprises of China. Fortune Global Forum wishes that the world will focus on Guangzhou and Yuexiu.
In the speech, Zhang Zhaoxing, a representative of the shareholder unit Yuexiu Financial Holdings and president of Yuexiu Group, expressed gratitude to the trust of the municipal party committee and government of Guangzhou as well as the acceptance of Yuexiu Group and Yuexiu Financial Holdings from Fortune Global Forum. In recent years, Yuexiu group and Yuexiu financial holdings have paied great attention to the direction and pattern of internationalization and have always insisted on mutual linkage, opening-up and double-wins. Fortune Global Forum is a top-notch forum of the world. This time, the cooperation agreement reached between Yuexiu Financial Holdings and Fortune Global Forum can effectively promote the international image and brand influence of Yuexiu Group as well as Yuexiu Financial Holdings ,which would bring great benefits to their business development and introduction of high-end talents. With the cooperation, both Yuexiu Group and Yuexiu Financial Holdings will be able to cooperate and seek mutual progress with excellent enterprises around the world and have an access to more international cooperation opportunities in areas such as the reform of mixed ownership in state-owned enterprises and system innovation, and industrial M&A and new business expansion.
As the first local financial holdings listed platform in China and the only listed state-owned enterprise of finance category in Guangzhou, Yuexiu Financial Holdings will make a full use of the chance to be a partner of Fortune Global Forum in 2017 to strengthen cooperation with internationally renowned financial institutions, step up efforts to integrate financial resources worldwide, try to build financial business-based on securities and rental, actively deploy in insurance, trust and local asset management companies, aiming to become a non-banking listed group of financial holdings leading in the region and country, and also with a certain international influence.
Guangzhou Yuexiu Financial Holdings Group Co.,Ltd. (formerly known as "Guangzhou Friendship", stock code 000987) was listed in the main board of Shenzhen Stock Exchange in 2000. In April of 2016, the company managed to raise 10 billion yuan for the acquisition of 100% equity of Guangzhou Yuexiu Financial Holdings Group Co.,Ltd. through a private placement. Meanwhile it was transformed from department business alone to a two main business mode of “Finance + Department Store”. On August 1st , 2016, the company's security abbreviation was changed to "YXFHC" and became the first local financial holdings listed platform in China.
By the end of 2016, the market value of Yuexiu Financial Holdings reached 32.2 billion Yuan, which ranked 324th among the top 500 listed enterprises of China in market value.