EQS-News / 22/07/2020 / 11:46 UTC+8
[Press Release]
Sheng Ye Capital interviewed by CNBC: "We don't measure success and failure by
age or qualification"
Hong Kong, July 22, 2020 - Sheng Ye Capital Limited ("Sheng Ye Capital" or the
"Company", HKEx: 6069), a leading data-driven supply chain financial services
provider was recently featured in a CNBC article titled China's Jobs Problem
Runs Deeper than the Coronavirus (the "Article"). In the Article, Aaron Yuan,
Chief Strategy Officer and Jason Zhang, Chief Human Resources Officer of the
Company, were interviewed and discussed talent recruitment, management and
development within Chinese companies.
The Article noted that as China actively grapples with rising unemployment and
slowing economic growth in the post-coronavirus environment, an economic boost
could come from new business approaches to hiring. According to the Article, a
common practice is for many companies in China to recruit younger male
employees, which makes unemployment a more severe problem for middle-aged
workers and hinders female career development and earning potential. On the
other hand, several interviewees cited rigid bureaucratic structures in some
Chinese companies that assign seniority based on age, as another reason for
holding back people with experience and potential.
In response to these issues, the Chinese government has adopted various
measures to promote fair employment. As early as in 2019, the 19th Central
Committee of the Communist Party of China, at its fourth plenary session,
vowed to eliminate all institutional barriers that prevent equal employment as
it relates to gender, identity, industry and whether people were from urban or
rural areas, resolutely prevent and address employment discrimination and
create a more fair employment environment. Since the outbreak of the
coronavirus, China has rolled out various support programs for job seekers,
particularly those that cater to older and low-skilled workers, migrant
workers and college graduates. This has provided strong support for steady
economic and social development in China.
Sheng Ye Capital has a highly inclusive and diversified recruitment policy.
During the interview, Jason Zhang, Chief Human Resources Officer of the
Company commented, "We are always open to talent from different backgrounds
and origins, regardless of their age or qualifications. We offer opportunities
for those willing to develop and grow with the Company to realize their own
potential." Sheng Ye Capital values and recognizes the development potential
of female employees and maintains a positive gender balance, with women
accounting for over half of its workforce.
As an innovative company, Sheng Ye Capital always seeks to harness the full
potential of talented employees by providing an extensive and supportive
platform to those who share the Company's vision and ambitions. "We fast track
promotions for talented staff, and provide top performers with more
responsibility and resources, enabling them to develop and grow," Mr. Zhang
commented. "Our strategic focus is on supply chain finance. With the
industry's remarkable growth potential, we will further diversify our
businesses and continue to scale up operations of various business lines. We
will also support the heads of these business lines by offering them uncapped
resources and development opportunities without any pre-set ceilings," added
Mr. Yuan, Chief Strategy Officer of the Company.
Sheng Ye Capital embraces a people-oriented corporate culture with a flat
organizational structure and provides equal opportunities to all employees
irrespective of background, age and gender. "At Sheng Ye, we always encourage
our people to actively express their views in discussions and collaborate with
each other. The Chairman leads the Company by making strategic decisions as
opposed to issuing commands. This culture inspires our people to focus
squarely on fulfilling our customers' needs and delivering faster service
upgrades," Mr. Yuan noted.
Sheng Ye Capital also believes employee wellbeing is important and cares about
work-life balance. The Company offers various employee benefits to boost the
overall sense of belonging, including family open days, marriage and
childbirth cash gifts, critical illness subsidies for family members, daily
afternoon tea and quarterly team-building activities. "As a next step, we will
further improve our retirement benefits, and provide our employees with a
greater sense of security and better coverage for life after work," Zhang
added.
Links to the CNBC report and useful sources of information:
https://www.cnbc.com/2020/07/08/chinas-jobs-problem-runs-deeper-than-the-coron
avirus.html [1]
http://www.gov.cn/zhengce/2019-12/12/content_5460489.htm [2]
http://www.gov.cn/xinwen/2020-04/06/content_5499495.htm [3]
About Sheng Ye Capital Limited (HKEx: 6069)
Sheng Ye Capital Limited ("Sheng Ye Capital", HKEx: 6069) is a leading
data-driven supply chain financial services provider in China and is the first
commercial factoring company listed on the main board of the Hong Kong Stock
Exchange. Powered by fintech capabilities and in-depth understanding of the
core industries, Sheng Ye Capital offers a range of flexible financing
products and corporate services to meet the vast financing needs of
underserved SMEs in the region. Sheng Ye Capital aims to become the most
reliable data-driven supply chain fintech platform in Asia.
Sheng Ye Capital has been included in the MSCI small cap China Index, Hang
Seng Composite Index and Shenzhen-Hong Kong Stock Connect. The current market
cap of Sheng Ye Capital is around HK$6 billion. Its major institutional
investors include Olympus, China Taiping, and Pavilion under Temasek.
Media Contact
Sheng Ye Capital Limited
Kaylee Zhang
Tel: 0755-6188 0088-842
Email: kaylee.zhang@shengyecapital.com
File: Sheng Ye Capital interviewed by CNBC: 'We don't measure success and
failure by age or qualification' [4]
22/07/2020 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
Media archive at www.todayir.com
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(END) Dow Jones Newswires
July 21, 2020 23:46 ET (03:46 GMT)
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