China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) has been honored the “Hong Kong Outstanding Enterprises 2016” Award organized by Economic Digest, recognizing its outstanding performance during the past year in the capital market. The awards presentation ceremony was held at The InterContinental Hong Kong hotel in Tsim Sha Tsui today. Prominent guests at the ceremony included Mr. Du Zijun, Director of The Trade Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government in HKSAR; Mr. Mike Wong, Chief Executive Officer of The Chamber of Hong Kong Listed Companies; and Mr. Francis Kwok, Vice Chairman of The Hong Kong Institute of Financial Analysts and Professional Commentators Ltd.. Mr. Alex Shiu, Managing Director and Head of Investment Banking Business Division of First Capital International Finance Limited accepted the award on behalf of the Group.
“Hong Kong Outstanding Enterprises 2016” Award aims to recognize and honor Hong Kong-listed companies from different sectors with outstanding performance in the past year. The panel of judges comprised the editorial department of the Economic Digest and business leaders and the selection criteria include corporate mission, annual business performance, corporate governance, and corporate social responsibility and so on. Other award winners included China Everbright International Co., Ltd., Hong Kong Railway Co., Ltd., Bank of East Asia Co., Ltd., and New World Development Co., Ltd.
Dr. Wilson Sea, Chairman and Executive Director of CFCG, said, “We are very pleased to receive this honor, telling us that our development strategy has earned recognition and affirmation, and that is an encouragement to our hard working employees. Demand for quality education has been climbing incessantly in China and globally and the private education market in the growth phase while scattered, is seeing huge demand, thus promising considerable potential profit and development prospect, which is why it is becoming a new focus of the global capital market. Starting this year, many favorable policies for the industry have been launched in Mainland China. Market consensus is that those plus the amendment of ‘Non-state Education Promotion Law’ expected to be passed soon will see the industry achieve explosive growth unprecedented. The Group will continue to capitalize on its industry first-mover advantages to actively explore more projects with strong development potentials in China and the world, focusing investment on K-12 education, higher education, vocational education, overseas education and pre-primary education, so as to build a complete education industrial chain and match the quality education resources in China and overseas with their enormous market demand, as well as boost the value of related projects and the industry, in its march towards becoming a world-renowned ‘Education Investment plus Financial Services’ integrated platform.”