I also appreciate the support given by the Industrial and Commercial Bank of China, HSBC, Anst & Young, Hong Kong Stock Exchange and Moody Asia to this conference. Corporate governance is crucial to China’s development. It involves broad contents and has profound implications. Hence, I wish to take the opportunity to share with you my observations on this exciting topic.
While the concept of corporate governance was is relatively new in China, we have encountered many difficulties in this process. At the very beginning, we even disagreed and argued about some of the very fundamental issues like primary school students. However, as we moved forward, encouraging progress has been made in establishing sound corporate governance in the country.