During November 15-17, 2018, the APEC Economic Leaders' Meeting was held in Port Moresby, Papua New Guinea. President Xi Jinping was invited to attend the summit and delivered a keynote speech "Working together to create a better future", emphasizing that we should grasp the right direction for world economic development, find effective governance ideas for the international community, work together and drive the world economy to be better. Heads of states, governments, senior officials and more than 800 leaders and enterprisers from 21 APEC economies attended the summit. Cui Genliang, Chairman of Hengtong Group's Board of Directors, was invited to attend the meeting as a Chinese Business representative.
This meeting was of profound significance. As President Xi Jinping said in his keynote speech, "In tackling the international financial crisis, it is of special significance that we stood firmly together and work together."
After listening to Precident Xi Jinping's keynote speech, Cui Genliang said that the speech is of great significance and we are positive in the world economic development and promoting healthy and stable development of Asia-Pacific and even the world cooperation. Hengtong Group would continuously strengthen innovation, enhance core competitiveness, actively integrate into global development, and contribute to the construction of global information and energy interconnection.
In the meeting, Cui Genliang, together with members of the delegation of Chinese entrepreneurs, stepped on the world stage and made a voice from China. He held extensive and in-depth discussions with representatives of political and business leaders of various countries on issues such as digital economy and economic globalization, which opened up a broader ideological space and development space for the international development of Hengtong Group.
In the morning of November 16, Cui Genliang attended the Theme Breakfast and made a speech. During the meeting, Cui Genliang talked with entrepreneurs from world-class companies such as Cargill, Caterpillar, Moody's, Deloitte, Johnson & Johnson, FedEx on "what is the role of the industry and commerce". He also made in-depth exchanges on how to promote the healthy development of economic and trade relations between the two countries and put forward relevant suggestions.
According to the Global Times report, during the summit period, products from China and Chinese brands are everywhere in Papua New Guinea. Chinese enterprises actively participated in local construction. As a representative going out along the "one belt and one road", Hengtong has also actively participated in the construction of the local communication infrastructure, contributing to improving the local people's livelihood and promoting local economic and social development. The Global Times reported that " Hengtong Group's construction of S2 cable system will provide reliable communication guarantee for APEC meetings, and will greatly improve the communication situation to meet the domestic bandwidth demand for at least 10 years in the future." In the afternoon of November 16, Cui Genliang received an exclusive interview with the China Global Television (CGTV), through which he introduced the business development of Hengtong in the Asia-Pacific region and the Papau New Guinea National Communication Project undertaken by Hengtong.
In November 2017, Hengtong undertook the Papau New Guinea National Communications Project with the supply of over 5,000km od Optical Submarine Cable which currently is in the stage of being delivered and laid. The project will connect the 14 most densely populated cities and will cover more than 55% of the population in Papau New Guinea after completion and meet the broadband needs in next ten years for the local.
At present, Hengtong has established 10 industrial bases in Europe, South America, South Africa, South Asia, Southeast Asia and other countries and regions, had marketing and service offices in more than 30 countries around the world, registered international trademarks in more than 120 countries, and serviced clients from more than 140 countries and regions worldwide. The global market share of optical fiber network is over 15%.
Facing the future, Hengtong will carry out the mutual-beneficial cooperation with global partners in the fields of information and energy interconnection with the concept of open, inclusive, cooperative and win-win development, and contribute to the world’s better future.