The 13th Capital Outstanding China Enterprise Awards Ceremony was held in Hong Kong on 29th June, 2018. The event was attended by Mr. Paul Chan Mo Po, Financial Secretary of the Hong Kong Special Administrative Region, along with other distinguished guests. During the event, China First Capital Group Limited ("CFCG" or “the Group”; Stock Code: 1269.HK) received the honour of being named “Capital Outstanding China Enterprise - Education Investment Bank Award”. Dr. Wang Hui, Chief Financial Officer of CFCG, received the prize on behalf of the Group.
The judging panel of the “Capital Outstanding China Enterprise Awards” based their decisions on overall corporate performance during fiscal year 2017/2018 in four separate areas relating to: market strategy and development, company performance and total asset value, research and future development prospects, plus overseas developmental projects and their respective potential for growth. The overall assessment results took into account three separate categories of voting bodies, including: 1.) evaluation results from the professional judging panel including a select group of professionals from the commercial sector, and representatives from an affiliation of commercial enterprises; 2) evaluation results from the committee members of Capital Magazine’s editorial board; and 3) votes cast from a public online voting platform. The overall results were validated by Baker Tilly Hong Kong, the appointed auditor of the election board.
In recent years, private education has entered a golden age of rapid expansion due to the ongoing impact brought about by China’s educational reform and development. This rising trend, bolstered by China’s new comprehensive two-child policy and revisions to the Non-state Education Promotion Law of the People's Republic of China, has greatly promoted the securitisation of private educational assets. In addition, the continuing development of the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Bond Connect, which conveniently serves as a key hub linking mainland companies with international capital markets, has significantly contributed to the recent IPO surge as greater numbers of mainland enterprises venture into Hong Kong for IPO listings and the raising of capital.
Taking advantage of emerging market opportunities generated by the dramatic growth in the education industry, CFCG, a listed Company on the main board of the Hong Kong Stock Exchange focuses primarily on education sector investment operations. While steadfastly adhering to “Education Operation + Finance Services”, dual-pronged strategy, the Group caters to the specific needs of corporate customers in the education sector. The Group also heavily involved in education-related projects, working to provide a diversified portfolio of financial services, including securities trading, underwriting placement, financial advisory services, and asset management, among others.
Due to the comparative advantages brought about by comprehensive coverage in the education sector and a diverse portfolio of financial expertise, CFCG has played an indispensable role in IPO listings of major educational projects launched in Hong Kong, including: 21st Century Education, China Xinhua Education Group, TOP Education, Yuhua Education, Minshen Education, and the China New Higher Education Group etc. The Group's business development strategy has also been widely recognised and respected by a broad range of investors in both international and domestic markets. The Group has also been incorporated into a number of key constituent indices, including: the FTSE Asia Pacific Ex-Japan Index Series, the Hang Seng Composite Index Series and the Hang Seng Hong Kong Stock Connect Index as well as the MSCI Global Index and the China Index.
At the award ceremony, Dr. Wang Hui said - "I owe a great deal of gratitude to Capital Magazine for presenting to CFCG the “Capital Outstanding China Enterprise - Education Investment Bank Award” , which is a fitting testament and recognition of the efforts and accomplishments of the Group in the education and finance sector over recent years. In the future, CFCG will continue to build a solid foundation for a chain layout within the education industry as the financial services operations of the Group are blessed with abundant resources, brand popularity and market influence throughout the education sector. Building on the synergy that has resulted from both financial services and education concurrent operations, CFCG will continue to offer a distinctive signature ‘educational investment bank’ that maintains leading position in the field of education finance."