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How China Smartpay (8325 HK) works for you
Highlights of the reverse roadshow in Shenzhen on 15 May 2015.
Six of eight key executives including the Chairman, President, and EVPs, spoke at the event.
Highlights:
(1) We are an energetic and nimble start-up, with 402 employees based in China, Thailand, Singapore, HK and Japan. We are cautious and will not be influenced by the ups and downs in the capital markets. We want to be a highly disciplined and respected firm. We discourage speculative behaviour in the stock market in general and in our stock in particular.
(2) We are hiring big time. We need hundreds more like-minded people. We do not want to hire those with too many university degrees or bureaucratic habits. Financial rewards will be based on results.
(3) We actively seek mergers, acquisitions, and alliances. Partners' interests are as important as ours. We are working with a smart-city powerhouse Digital China (861 HK), a leading software vendor Yilianzhong (300096 CH), and the note-printing entity Zhongchao (a unit of the central bank) on various projects, as announced.
(4) We will seek more partners. We find no competitors anywhere. In our eyes, we only see partners and potential partners.
(5) Our business in southeast Asia and our cross border business (money transfers and e-commerce) is as important as our domestic business.
(6) We constantly reallocate our resources to meet the needs of a changing environment of digital pre-paid cards and mobile pre-paid cards.
(7) To add value to our payments customers, we are analyzing microcredit, wealth management, consumer financing, and club-based rewards programs.
(8) We will not sacrifice shareholders' value in our pursuit of M&As. We constantly remind ourselves of the fact that, in the history of the world, most M&As destroy value.
(9) China's wealth management and the P2P sectors may look chaotic to casual observers. Indeed, some operators are fly-by-night merchants but we also find a lot of serious operators.
(10) The Chinese government deserves huge credit for taking a hands-off approach to the regulation of the wealth management and the P2P sectors, at least thus far. The invisible hand is constantly regulating the sectors. It is doing so more efficiently and with less unintended consequences.
(11) Any forecasts on our future revenues or profits are bound to be either wrong or very wrong. We do not engage in that exercise.
For business-related matters, contact chairman Joe Zhang at zhanghq@smartpay.com.hk.
For IR matters, contact IR Director, Jacky Li at jacky.li@smartpay.com.hk.
Highlights of the reverse roadshow in Shenzhen on 15 May 2015.
Six of eight key executives including the Chairman, President, and EVPs, spoke at the event.
Highlights:
(1) We are an energetic and nimble start-up, with 402 employees based in China, Thailand, Singapore, HK and Japan. We are cautious and will not be influenced by the ups and downs in the capital markets. We want to be a highly disciplined and respected firm. We discourage speculative behaviour in the stock market in general and in our stock in particular.
(2) We are hiring big time. We need hundreds more like-minded people. We do not want to hire those with too many university degrees or bureaucratic habits. Financial rewards will be based on results.
(3) We actively seek mergers, acquisitions, and alliances. Partners' interests are as important as ours. We are working with a smart-city powerhouse Digital China (861 HK), a leading software vendor Yilianzhong (300096 CH), and the note-printing entity Zhongchao (a unit of the central bank) on various projects, as announced.
(4) We will seek more partners. We find no competitors anywhere. In our eyes, we only see partners and potential partners.
(5) Our business in southeast Asia and our cross border business (money transfers and e-commerce) is as important as our domestic business.
(6) We constantly reallocate our resources to meet the needs of a changing environment of digital pre-paid cards and mobile pre-paid cards.
(7) To add value to our payments customers, we are analyzing microcredit, wealth management, consumer financing, and club-based rewards programs.
(8) We will not sacrifice shareholders' value in our pursuit of M&As. We constantly remind ourselves of the fact that, in the history of the world, most M&As destroy value.
(9) China's wealth management and the P2P sectors may look chaotic to casual observers. Indeed, some operators are fly-by-night merchants but we also find a lot of serious operators.
(10) The Chinese government deserves huge credit for taking a hands-off approach to the regulation of the wealth management and the P2P sectors, at least thus far. The invisible hand is constantly regulating the sectors. It is doing so more efficiently and with less unintended consequences.
(11) Any forecasts on our future revenues or profits are bound to be either wrong or very wrong. We do not engage in that exercise.
For business-related matters, contact chairman Joe Zhang at zhanghq@smartpay.com.hk.
For IR matters, contact IR Director, Jacky Li at jacky.li@smartpay.com.hk.
For
recruitment, contact Lewis Lin, EVP, at
hr@smartpay.com.hk
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