Under The New Development Pattern Of "Double Cycle", How To Share Consumption Upgrading Dividend

Under the new development pattern of accelerating the construction of international and domestic "double cycle", what are the opportunities and challenges faced by the market participants? In this process, how to pursue high quality development? What role does digital economy play in promoting consumption upgrading?

On November 28, at the theme forum of "China Southern finance and Economics International Forum 2020 annual meeting - opportunities and challenges for listed enterprises under the" double cycle "pattern, sun Xiaoliang, chief operating officer of Shengxiang group, Jiang Wei, secretary and assistant chairman of the board of directors of Yuyuan Co., Ltd., Hong Tao, chief analyst of retail e-commerce of Guangfa Securities, and Zhu Qinke, President of Shenzhen Branch of HSBC, focused on" promoting the "double cycle" On the theme of "enjoy consumption upgrade bonus", a round table dialogue was held with Cui Hong, founder of Wanquan Zhice enterprise management consulting.

Opportunities and challenges under the "double cycle" pattern

Sun Xiaoliang, chief operating officer of Shengxiang group, said, "at present, the company's" double cycle "is more through the combination of internal and external, domestic production and foreign expansion. We are now fully prepared to respond. ".

In his opinion, in the face of various crises and difficulties, enterprises in the C position have more advantages. In the future, the top three enterprises in the industry will have more opportunities in the complex environment.

Jiang Wei, Secretary of the board of directors and assistant to the chairman of the board of directors of Yuyuan Co., Ltd., mentioned that the "double circulation" of Yuyuan shares mainly relies on the acquisition and merger in the early stage and the solid industrial foundation in the early stage. "The company achieved more than 30% growth in the first three quarters of this year. Gold and jewelry made a great contribution, which has a good reputation. The Israeli brand Ahava we invested in was impacted by the overseas epidemic, but the domestic sales were improved. With the help of the better industrial foundation of the early stage investment ratio, Yuyuan Garden also prepared for danger in times of safety and made the industry solid and thick.".

Hong Tao, chief analyst of GF Securities retail e-commerce, pointed out from the perspective of institutional observation, "under the influence of the epidemic, many enterprises pay more attention to where their customers and markets are, and the epidemic situation is also a" touchstone ", so that enterprises can find more suitable positions for themselves and improve their ability to resist risks. From the perspective of investment, we suggest that enterprises should improve themselves, and relatively dilute the industry level or track level factors. Each round of crisis is a defense cycle. ".

Zhu Qinke, President of HSBC Shenzhen Branch, also mentioned that "domestic circulation" and "international circulation" are not simply two-sided oppositions, nor are they merely complementary advantages. They are the superposition effect of 1 + 1 > 2. They will accelerate China's economic construction. In the process of connecting domestic and international dual circulation, financial escort and support are indispensable. For example, HSBC's global network and cross-border linkage service capability can provide diversified cross-border financial service support in the process of enterprises going global. In addition, the group's commercial banks are closely linked with the investment banking team, which can not only provide loans, capital management, trade financing and other commercial banking services for enterprises, but also support enterprises to finance through domestic and foreign capital markets. This mode of linkage between commercial banks and investment banks organically combines various types of financial services to maximize the value of financial services. Therefore, for banks, the dual cycle new development pattern is a great opportunity. "

Pursuing high quality development

So, how to pursue high quality development?

Sun Xiaoliang cited his company, the holy elephant group, as an example, "after 40 years of development, consumers' demands on commodities have become higher and higher, people's health concept has become higher and higher, and environmental protection requirements have become higher and higher. For example, the formaldehyde content of the floor is lower than 0.05, which is basically similar to the water environment. Now it has launched" formaldehyde free health ", that is, the whole panel does not contain formaldehyde, which is called" clean core " Of course, there are also more large-scale upgrades. We have more environmentally friendly products for you to choose from. From the perspective of the sacred image, we pay more attention to service upgrading and product upgrading, and apply the current technology to various scenarios to meet the demands of more convenience, environmental protection and health. "

Jiang Wei said that Yuyuan shares is one of the "old eight stocks" in Shanghai, and its original main business still remains. Through nearly 30 years' efforts, Yuyuan shares have been expanding more and more. From this point of view, Yuyuan shares is also a specimen of the high-quality development of China's capital market in the 30th anniversary. Yuyuan stock company from the original Yuyuan shopping mall and "old eight shares" to the use of raised funds to build the Yuyuan shopping mall in 1992. In 2017, a major restructuring was completed and its name was changed to "Yuyuan stock". From a traditional commercial body to a gold jewelry based, combined with tourism destinations, catering, tourist souvenirs and small commodities, and then added a lot of denotations. For example, the real estate business was increased in 2017. To sum up, it is "endogenous growth, extension expansion, integrated development". Through acquisition and merger, gradually bring into the industry suitable for the development of Yuyuan Garden, and enhance the content of the whole Henan garden. However, in order to meet the needs of different consumer groups, Yuyuan still has a lot of efforts and room for improvement.

As a representative of financial institutions, Zhu Qinke, President of the Shenzhen Branch of HSBC, pointed out that "financial institutions are aimed at serving the real economy. Under the background of the new era, banks should do several things: 1. Be efficient. When many enterprises deal with banks, they used to feel rather cumbersome. Domestic and international payments need a lot of RMB and paper-based certificates. In the digital economy environment, banks have also begun to improve efficiency through digitization. HSBC is constantly investing in technologies such as blockchain, cloud technology, artificial intelligence, Internet of things, API and big data to meet the needs of customers Please. 2、 Stable. This year, under the influence of the new epidemic, banks have shown their social responsibility in the difficult stage, maintaining and even increasing credit investment for many enterprises. At the same time, our bank has never interrupted its service to customers at the worst of the epidemic. 3、 Environmental protection. We encourage enterprises to develop in the direction of low-carbon and environmental protection, such as making loans for some projects. If the environmental impact assessment of enterprises is not passed, banks can not lend. Through credit, enterprises can be encouraged to develop sustainably. "

Embrace the digital economy

In addition, the guests also talked about the role of digital economy in promoting consumption upgrading.

Hong Tao, chief analyst of GF Securities retail e-commerce, points out that "China is in the forefront in terms of digitalization. Under such a trend, all companies are embracing digitalization. Enterprises should pay attention to this new change strategically. Now the live broadcast and new traffic is the time window of three to five years. If the update is too late, some opportunities will be missed. We must pay attention to the construction of talent team. In addition, to do more cross-border work, the ability of each company has certain limitations. Those who are good at supply chain can cooperate with the flow side, and those who are good at traffic operation can find more content to realize. "