EY unveiled today the EOY 2020 China category winners. The selection process lasted for almost six months. Ten entrepreneurs from mainland China and Hong Kong won the EOY 2020 China Awards. Tonight, they will get together at the Awards Gala dinner in Shenzhen and witness the announcement of two Award winners, who will represent mainland China and Hong Kong/Macau to vie for the coveted World Entrepreneur Of The YearTM (WEOY) title in Monte Carlo, Monaco in June 2021.
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. The EOY 2020 China Awards theme “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. Winning the Award is one of the highest honors of their achievements.
Jack Chan, EY China Chairman and Greater China Regional Managing Partner, says, “The outbreak of COVID-19 in early 2020 dealt a heavy blow to the economies of China and the world, creating unprecedented challenges for Chinese corporates and entrepreneurs. During these trying times, Chinese entrepreneurs have proactively united employees and business partners to overcome the adversity. Resonating our theme this year, “Know Your Challenge, Go Far and Beyond”, the resilience and innovative spirit they have demonstrated in the midst of uncertainty are the very traits of entrepreneurship that we admire in this new era. They have set industry benchmarks, helped us regain confidence, and promoted the sustainable development of industries and society, making a remarkable contribution to the ongoing recovery of China’s economy.”
Under the active support of state policies, the Guangdong-Hong Kong-Macao Greater Bay Area and southern China experienced rapid development in recent years. Shenzhen, for the first time, was chosen as the venue to announce the EOY 2020 China Awards winners. During the selection process this year, we also identified some major trends in the current development of industries in China. While the proportion of the Technology industry winners has been increasing in recent year, Technology has replaced Services as the industry with the most number of Award winners this year. As in the past, winning entrepreneurs in the Manufacturing, Consumer Products & Retail and other industries continue to highlight the development of Chinese enterprises in diversity, cross-border cooperation, competitiveness improvement and global brands building. The addition of Health Sciences & Wellness category this year also showcases the megatrend in life sciences development after the pandemic.
Zhenyi Tang, CEO China, Credit Suisse says, “Founded by a Swiss entrepreneur more than 160 years ago, Credit Suisse’s entrepreneurial spirit is deeply embedded in our corporate DNA. In China and across the world, we have had the privilege of working with many outstanding and inspiring entrepreneurs, to support them in fulfilling their business and personal ambitions. We are delighted to congratulate this year’s winners of the EOY China awards, and look forward to continuing our partnership with EY in the to celebrate more of China’s emerging entrepreneurs in the future.”
The pandemic not only brings uncertainties to the global economy, but also the “new normal” to the future economic development. Entrepreneurs cope with difficulties, strive to innovate and change, and create resilience to face challenges for their companies. Their vision of the industrial development and operation models led their companies ahead in the economic recovery after the pandemic. This is the mission of entrepreneurs at the forefront and their sense of responsibility in the development of their industries and the economy.
Michael Bi, EOY 2020 China Awards Program Co-chairman and EY Greater China Markets Managing Partner, says, “The COVID-19 outbreak at the onset of 2020 has significantly impacted the world economy. We have seen entrepreneurs responding swiftly to the pressure and challenges brought by the pandemic. They have embraced change and innovation, and actively fulfilled their social responsibilities. These actions have made a great contribution to China’s steady economic recovery and robust development.”
In the post-pandemic era, a new development pattern of “dual circulation” is been created with the domestic economic cycle being the mainstay, while the international economic cycle remains its extension and supplement. This will become a major economic and strategic plan in China. How companies seize new opportunities of “dual circulation” and leverage the technology to expedite their business transformation are key to success in the future. Under the current environment, entrepreneurs lead the restructuring of their companies, explore ways to adapt to change and re-structure their business, build sustainable operation models in the future, and fully prepare themselves to meet challenge when the next “black swan” appears again.
Ringo Choi, EOY 2020 China Awards Program Co-chairman and EY China South Managing Partner, says, “This year marks the 15th anniversary of the EY Entrepreneur Of The Year Awards in China. Over the years, the Awards program has remained committed to recognizing the most innovative entrepreneurs in China who have courageously embraced opportunities. Their success and their journeys have inspired others to stimulate China’s economy through high-quality development. We would like to express our sincere gratitude to our participants and the wider community for their generous support and extend our congratulations to the Award winners for their exceptional achievements.”
Notes to Editors
About EY Entrepreneur Of The YearTM
EY Entrepreneur Of The YearTM 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.
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About Credit Suisse —— the Platinum sponsor of the EY Entrepreneur Of The YearTM Awards
Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,800 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Credit Suisse AG is incorporated in Switzerland with limited liability. Further information about Credit Suisse can be found at www.credit-suisse.com.
This news release is issued by the EY China practice, a part of the Ernst & Young global network.