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2010-10-27

Chen Qiyu, Chairman of Fosun Pharma was elected as ”2010 China Yangtze River Delta Young Business Leader”

From October 20 to 22, “2010 Young Business Leader at Home and Aboard Carnival and the Third China Yangtze River Delta Young Businessmen Forum” was jointly sponsored by Shanghai Municipal Party of the Communist Youth League, Zhejiang Provincial Party of the Communist Youth League, Jiangsu Provincial Party of the Communist Youth League, Jiangsu Federation of Returned Overseas Chinese, Taicang Municipal Party of the Communist Carty of China, and was undertaken by Shanghai Young Entrepreneurs' Association, Zhejiang Young Entrepreneurs' Association, and Jiangsu Young Businessmen Association and other units. Chen Qiyu, Chairman of Fosun Pharmaceutical was elected as one of “2010 China Yangtze River Delta Young Business Leader”, he took up social positions like the vice chairman of Shanghai Pharmaceutical Profession Association, the vice chairman of China Medicinal Biotechnology Association and so on. Chen Qiyu was awarded for the Top 10 Leading Persons or 2008 Shanghai Eminent Young Businessmen. Under his leadership, the compound annual growth rate of Fosun Pharmaceutical reached 39.59%. Fang Chaoyang, chairman and general manager of Zhejiang Jinggong Construction Industry Group and Liu Jianguo, chairman of the Shanghai POVOS Enterprise (Group) Co.,Ltd. were also elected.

For China's Yangtze River delta, it is a crucial time for the industrial transformation and upgrading, and demand numerous high-level creative and innovative entrepreneurial talents to promote the transformation of economic development mode. This activity aimed to elect innovative young models, give full play to the exemplary and motivating role of young innovative entrepreneurial talents, unite and lead more aspiring young people to promote industry transformation and economic development in Yangtze River delta through the innovation.

In the Social Responsibility is also the Competitiveness speech, Chen QiYu expressed that the social responsibility was the most essential character that a young entrepreneur should acquire. He said that the purpose of existence of the enterprise has already developed into the pursuit of maximizing the stakeholder value, instead of the former seeking to maximize shareholder value, therefore, social responsibility must be one of the important factors considered in enterprise management; Taking social responsibility helps an enterprise to build a harmonious internal and external business environment.

He concluded that an enterprise with good social responsibility could not only get respect from public, but also get more and better business opportunities and gather more growing power because of its responsible enterprise behavior, which could help to realize the company’s strategic goal. Fosun Pharmaceutical actively undertook social responsibility, standardized the management of the company, its mechanism was full of vitality, which was one of the most important reasons why these enterprises would be willing to cooperate with Fosun Pharmaceutical. For many years, Fosun Pharmaceutical carried out cooperation with partners of different system of ownership with the similar value and enjoyed the continuous win-win; In the future, whether the partner invested had the similar social responsibility view and value, would be considered as one of the important factors, when Fosun Pharmaceutical made decision of investment.