On March 3, Tongwei Group's media meeting during the national Two Sessions was successfully held in Beijing. Mr. Liu Hanyuan, Deputy to the NPC, Vice Chairman of the All-China Federation of Industry and Commerce, and Chairman of the Board of Directors of Tongwei Group, attended the meeting. He had in-depth communication with media reporters on issues such as proposing the establishment of a 10-trillion-yuan stock market stabilization fund and a 10-trillion-yuan real estate market stabilization fund, supporting the "New Trio (namely, NEVs, lithium batteries, and photovoltaic products)" industrial chain of China to go global and facilitating the internationalization of the RMB, accelerating the construction of a new power system, and building a supply chain ESG audit standard system led by China. More than 60 representatives from authoritative domestic and foreign media, including People's Daily, Xinhua News Agency, CCTV, China News Service, People's Daily Online, Xinhuanet, Guangming Daily, Economic Daily, China Securities Journal, Securities Daily, and Bloomberg, participated in the meeting on site.

The scene of the media meeting

China's "New Trio" represented by PV products became a hot topic. In this regard, Chairman Liu Hanyuan stated that in recent years, the "New Trio" has become new business cards for China's exports. New energy vehicles, power batteries, and energy storage batteries, when exported together with PV products, have become the main industrial support for effectively promoting the low-carbon energy transition process in developed and underdeveloped countries. Among the "New Trio", the PV industry has completely transformed the energy production method, new energy vehicles have achieved the greatest transformation in transportation methods, and power batteries and energy storage batteries have addressed the instability issues during the energy transition process. These sectors, when combined and collaborating effectively, not only support China's industries but also accelerate the transition of energy towards emerging energy sources mainly based on renewable energy. In this process, how to make made-in-China products better understood and accepted when going global, and how to better coordinate and complement the economic development of the host countries has become a question that needs to be considered for the " New Trio" going global. We can adjust the pace according to the different manufacturing industry chains and supply chains of different countries and regions, not only supporting the continuous expansion of Chinese products overseas but also enabling countries and regions with the right conditions to develop employment and manufacturing industries appropriately, thus achieving coordinated development between China and the host regions.

Regarding the issue of promoting the high-quality development of the private economy, Chairman Liu Hanyuan said that he was honored to participate in the first private enterprise symposium on November 1, 2018 and speak as a representative. The recently held private enterprise symposium has once again strengthened the development confidence of entrepreneurs, and also reemphasized to the whole society the contributions and indispensable role of the private economy and private enterprises in economic and social development. In the new era, the private economy has more opportunities and embraces a more favorable period, and should be developed more vigorously. In this process, private enterprises need to go all out, and all sectors of society should create a relaxed and favorable public opinion environment, truly and correctly understanding that all forms of ownership economies are necessary and important components of China's high-quality development in the past, present, and future. Only with effective systems and mechanisms and high operational efficiency of enterprises can we maintain the international competitiveness of China's industries, products, and capital, truly support the continued improvement of the domestic economy, and fill the great rejuvenation of the Chinese nation with hope. Therefore, this private enterprise symposium has strengthened our confidence, and it is worthy of everyone's joint efforts to create conditions for better implementation and to promote economic and social development.

Chairman Liu Hanyuan answered media questions personally

Regarding the current ESG development of Chinese enterprises, Chairman Liu Hanyuan pointed out that currently, ESG standards and certification companies in the European and American developed countries often vary greatly in terms of systematization, integrity, effectiveness, and consistency due to different countries, backgrounds, and third-party institutions. This has increased the costs and difficulties for Chinese enterprises, and they may have even taken many detours. During the energy transition process in the past decade, the improvement of the management level and governance capabilities of Chinese enterprises, as well as the enhancement of the concept of the whole society, have provided sufficient conditions for the implementation of ESG-related requirements and governance measures in China. Establishing and improving a more systematic ESG certification and standard system in China that can be mutually recognized globally has become a current practical need. Therefore, it is recommended that relevant national ministries and commissions take the lead in formulating China's ESG standard system, effectively promoting the implementation and improvement of ESG in China, and enabling China to transform from a global follower to a leader, a driver, and a pacesetter.

On the hot topic of artificial intelligence (AI), Chairman Liu Hanyuan said that DeepSeek, which "went viral" during the Spring Festival, has to some extent filled the gap in the underlying logic and computing logic of China's large-scale AI models. The proper matching of these technological advancements with hardware manufacturing capabilities will accelerate the arrival of a period of rapid and efficient application of AI in production, manufacturing, and daily life. At the same time, the effective application of AI will promote the rapid improvement of human cognitive, research, and innovation levels, and may bring unprecedented, predictable, or unpredictable "surprising" application results to all aspects of society. Currently, we inevitably need to embrace the arrival of this era. The earlier we embrace and apply it, the more favorable it will be for our future development status and sector position. Therefore, for enterprises, sectors, and the country, we can only embrace it, instead of avoid it; we must run ahead instead of hesitating behind. The Chinese people are not short of wisdom, nor are they short of mathematics and logic experts. China has innate advantages in building systems, software, and hardware. With the effective support of the domestic supply chain and industrial chain, it is possible for China's AI to achieve transcendence and lead the world, just like the "New Trio".

Chairman Liu Hanyuan gave exclusive interviews with the media

Regarding how to stabilize expectations, boost consumption, and promote the sustained growth of the Chinese economy, Chairman Liu Hanyuan pointed out that currently, China's economy is facing great deflationary pressure. Under such circumstances, stimulating consumption and expanding domestic demand are urgent tasks, increasing residents' income is the key to solving this problem, boosting the stock market and stabilizing the real estate market serve as important focal points for promoting the sound development of the economy. We still need to use stable expectations to plan and guide the public. China's manufacturing industry and industrial chain support capabilities have a sufficient material basis to support the improvement of people's consumption power without causing high inflation. Therefore, we propose to establish a 10-trillion-yuan stock market stabilization fund and a 10-trillion-yuan real estate market stabilization fund to send clear positive signals and confidence to the market, inject vitality and liquidity into the stock and real estate markets in a targeted manner, effectively stimulate and drive the rise of the stock market, promote the "stabilization and recovery" of the real estate market, and guide the long-term inflation expectations of the market to be anchored at a reasonable level that matches the GDP growth rate, helping China's economy grow moderately and rapidly. This will enable people to have more money in their pockets, making them able to consume, daring to consume, and willing to consume, instead of hoarding money and waiting and seeing. It is hoped that all sectors of society will work together to solve the problem of low expectations and end the impact of the long-term downturn on the real economy, the virtual economy, the securities market, and the real estate market as soon as possible.

Since the first session of the Ninth National Committee of the Chinese People’s Political Consultative Conference (CPPCC) in 1998, Mr. Liu Hanyuan, Deputy to the NPC, Vice Chairman of the All-China Federation of Industry and Commerce, and Chairman of the Board of Directors of Tongwei Group, has participated in the National Two Sessions for 28 consecutive years. During this year's Two Sessions, Chairman Liu Hanyuan will continue to fulfill his duties, offer suggestions, and actively advocate for the rapid development of China's private economy and new energy industry.