EY Entrepreneur Of The Year China - chairman's message

Innovation to build a better future

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I feel honoured to announce the winners of this year’s EY Entrepreneur Of The Year (EOY) China awards in recognition of the innovative spirit and exceptional achievements of a group of Chinese entrepreneurs.

EY cherishes entrepreneurship and sees it as the driving force for business growth and economic development. Innovation is an integral part of the entrepreneurial spirit and an indispensable quality in a successful entrepreneur.

The Chinese economy has entered a new phase of development. The new normal is presenting new challenges to enterprises. As Chinese entrepreneurs adapt and lead their business into the new economy, it is necessary for them to integrate innovation into their businesses and turn it into the primary driving force for growth.

This year’s winners of EOY China have achieved extraordinary success in creating innovation-driven growth. We have benefited a lot from their tremendous efforts. They have not only introduced new products, technologies and services, but also transformed their operating and management models to stay ahead of the competition. More importantly, they have made innovation an integral part of their corporate culture and business sustainability strategy.

On the 10th anniversary of EOY China, let’s applaud the entrepreneurial spirit of the generations of Chinese business leaders and wish them even greater success. EY is glad to join hands with these outstanding Chinese entrepreneurs as we all work towards building a better working world in China.

Albert Ng
Chairman, China
Managing Partner, Greater China

  • Message from Co-Chairmen

    Innovation to build a better future

    Both the global and Chinese economies are undergoing an adjustment process. As the world economy slows, driving growth, increasing employment and restructuring have become major international concerns. However, in China, the situation is more optimistic: Even though the Chinese economy has entered a new normal phase characterized by stable medium-speed growth – but with slower rates, China continues to have many strategic opportunities for development.

    After more than three decades of rapid development, China is working to transform the pattern of its economic growth: The “One Belt, One Road” initiative is creating space for a new round of opening up of the Chinese economy and providing a strong boost to the global economy. As the countries along the “One Belt, One Road” are mostly growing and developing, they will provide significant new markets for Chinese industries, including integrated logistics, machinery manufacturing and human resource development in the central and western regions, and advanced manufacturing, modern services, offshore finance and investment in eastern and southern regions and in Hong Kong.

    Meanwhile, with the rapid development of the internet and the mobile internet, emerging technologies such as cloud computing, big data, the internet of things and internet finance are increasingly integrated with traditional industries, services and markets. The internet is no longer a mere platform of information exchange, but has become a hub for the integration of various industries, providing excellent conditions for innovation-driven development and intelligent transformation of traditional industries. Science, technology and innovation play a powerful role not only in driving economic development, but also in changing and improving our lives.

    China’s economic development will increasingly shift from factor - and investment-driven to innovation-driven. As China deepens its reforms, a series of favourable factors including the further release of dividends from the reforms, new industrialization, informatization, urbanization and agricultural modernization will greatly strengthen market vigour and creativity. Moreover, the “massive entrepreneurship and innovation by all” strategy that the Chinese government is pushing will provide a key driver to China’s economic growth with its manifold benefits such as expanding employment, increasing incomes, stimulating consumption and promoting vertical social mobility.

    With this in mind, we have chosen “Innovation to build a better future” as the theme of this year’s EY Entrepreneur Of The Year (EOY) Awards to reflect the opportunities and challenges facing China’s economic development. This year marks the 10th anniversary of the EY Entrepreneur Of The Year Awards in China. Over the past ten years, the awards program has closely tracked China’s economic development and been committed to finding and recognizing the most innovative entrepreneurs in China. EY is very glad to be able to work with these entrepreneurs and help them scale new heights. Here we would like to express our sincere thanks to all the participants in the current and previous EOY Awards and extend our congratulations to the award winners for their exceptional achievements, and wish them even greater success.

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