Press release

29 Jul 2020 Shenzhen

Know Your Challenge. Go Far and Beyond - Nominations for the EY Entrepreneur Of The Year China 2020 Awards program are now open

SHENZHEN, 29 JULY 2020. EY is delighted to announce that nominations for the 15th EY Entrepreneur Of The Year China (EOY China) Awards are now open.

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EY is delighted to announce that nominations for the 15th EY Entrepreneur Of The YearTM China (“EOY China”) Awards are now open. The theme of the EOY China Awards program this year “Know Your Challenge. Go Far and Beyond” particularly focuses on recognizing outstanding Chinese entrepreneurs who aspire to upgrade their skills, relentlessly improve themselves and innovate, and play a key role in society and shoulder social responsibility during the COVID-19 outbreak. The Awards is one of the highest honors of their achievements.

The COVID-19 outbreak in 2020 has taken its toll on industry and supply chains around the world, while its impact to market demand is unparalleled. The Chinese economy is inevitably facing downward pressure. With the support of various policies from the Chinese government, the COVID-19 outbreak in mainland China has been curbed, but the spread around the world continues and uncertainties remain. Significant changes in economies, technology, and commercial and social areas resulting from the outbreak will become the “new normal” with many challenges as well as potential.

Jack Chan, Chairman of the Ernst & Young member firms in China and EY Greater China Regional Managing Partner says: “While it remains uncertain if the outbreak will be contained in the immediate future, the trends that emerged from the consumer and business level have given rise to a new business landscape and will have a lasting impact on global economic growth and socio-economic development. Since the COVID-19 outbreak, we have repeatedly seen entrepreneurs serving as a driving force in overcoming challenges. With innovation, perseverance and optimism, plus strong commitment, entrepreneurs have contributed to the stable development of the economy and society amid the crisis. They are a crucial part of China’s economic resilience and the embodiment of unity.”

The EY Entrepreneur Of The YearTM (EOY) program is one of the world’s most prestigious business accolades for entrepreneurs as it honors those who inspire others with their outstanding vision, leadership and achievement. Established in the United States in 1986, EOY has grown to more than 145 cities in 60 countries and regions, recognizing over one thousand of the most successful and innovative entrepreneurs around the world. The EOY China Awards program, launched in 2006, is recognized for honoring entrepreneurs in China who achieve success by combining ability with opportunity.

EY is honored to invite a world leading financial institution, Credit Suisse to be the platinum sponsor of EOY China for the fifth consecutive year. Zhenyi Tang, CEO China at Credit Suisse, says: “At a time of great uncertainty, entrepreneurs continue to demonstrate strong resilience and an excellent ability to adapt to the changes brought about by the pandemic. Their constant drive for innovation enables them to sustain the progress they have made and strive for new growth opportunities ahead. In this context, it is particularly significant to recognize and promote their entrepreneurial mindset.” 

Mr. Tang adds: “As the Bank for Entrepreneurs in Asia Pacific, Credit Suisse is committed to supporting the entrepreneur community. With our collaboration with EY now in its fifth year, we are honored to join forces again as the platinum sponsor to take the Awards program to even greater heights.”

This year is the concluding year of China’s plan to build a moderately prosperous society in all respects and a crucial year for formulating the country’s 14th Five-Year Plan. China has rolled out a series of fiscal, tax and industry policies to cushion the impact of the pandemic on the economy and society. New infrastructure will become a major opportunity for China to pursue innovation-driven development, foster new growth drivers, and achieve high-quality development.

Michael Bi, EOY China Awards Program Co-chairman and EY Greater China Markets Managing Partner, says: “COVID-19 is a major challenge for every company. We have noticed that during the outbreak, the strengths of entrepreneurship were especially shown among the entrepreneurs who rapidly responded to changes of the situation, mobilized contingency plan and helped their companies weather the crisis at an early time, seized the opportunities to make use of digital ways to be ahead in the market, and took advantage of artificial intelligence and information technology to support frontline epidemic prevention. They actively look for solutions and measures to tackle challenges, make outstanding contribution in preventing the COVID-19 outbreak and speeding up the recovery of economies of China and the world.”

This year, the EOY China Awards Program mainly takes place at Shenzhen. During the webcast opening ceremony held today, past winners of EOY China Awards, judges, senior executives of the platinum sponsor, Credit Suisse and EY discussed the economic impact and entrepreneurs’ response under the threat of COVID-19 around the theme “Know Your Challenge. Go Far and Beyond”.

Ringo Choi, EOY China Awards Program Co-chairman and EY China South Managing Partner, says: “Shenzhen celebrates its 40th anniversary of the establishment of Shenzhen Special Economic Region in 2020. It is also a major year for full operation in scope and intensity of the Greater Bay Area and the established Pilot Demonstration Area. The opening policy of Shenzhen and innovation in the city inevitably involves the business acumen and unique innovative ideas of entrepreneurs. They are a major force in shaping the environment of different industries and leading the direction of future development. Under the special circumstance this year, we are looking forward to having more unique and outstanding entrepreneurs to help us understand the current situation more clearly and build a greater future together.”

Winners are chosen by an independent judging panel which comprises captains of industry, well-respected leaders from the community, experts from the business and financial sectors, and previous EOY winners. Members of the EOY 2020 China independent judging panel (Listed in no particular order) include:

  • Mr Liu Yonghao - Chairman, New Hope Group; EOY China 2020 Awards – Chairman of the Independent Judging Panel; EOY China 2010-2012 Judging Panel; EOY China 2007 – Winner, Mainland China
  • Ms Loretta Lee - Executive Director and Chairlady, Canvest Environmental Protection Group Company Limited; EOY China 2019 Cleantech Category Winner
  • Mr York Huang - Founding Partner, PGA Venture Capital
  • Mr Cao Wei - Partner, Hillhouse Capital Group
  • Mr Anthony Fan - Founding President, The Hong Kong Independent Non-Executive Director Association (HKiNED); Chairman, The Asia Independent Non-Executive Director Association (AsiaiNED)
  • Dr Neil Wang - Global Partner and Greater China President, Frost & Sullivan
  • Mr David Ding - Management partner, Cowin Capital Group

Nominations for the EOY China Awards 2020 are now open. Anyone associated with a successful entrepreneur may nominate the individual. EY also welcomes entrepreneurs who nominate themselves. The nomination form is attached to the nomination brochure, you may also download it at ey.com/china/eoy.

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About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, EY Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in 60 countries and regions. Visit us at www.ey.com/eoy for more information.

About EY

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This press release is issued by the EY China practice, a part of the Ernst & Young global network.