Signing ceremony of Hong Kong Commercial Daily and Shenzhen New World Group was held in HK Shangri-la Hotel today, which announced that Shenzhen New World Group officially joined Hong Kong Commercial Daily. Shenzhen New World Group purchased 45% shares of Hong Kong Commercial Daily, and became the second largest shareholder of it.

Li Gang, Deputy Director of Liaison Office of the Central People Government; Wang Jingsheng, member of the Shenzhen standing Party Committee, Minister of Propaganda; Yu Guochun, Member of the Standing Committee of CPPCC; Wu Songying, the former president of Shenzhen Press Group and Hongkong Commercial Daily; Huang Yanglue, president of Shenzhen Press Group and Hong Kong Commercial Daily; Huang Wei, president of Shenzhen New World Group attended the signing ceremony as guest of honor.

More than 100 guests attended the ceremony, including Zhang Guoliang, president of Hong Kong Wen Wei Po; Wu Zhong, Vice-minister of Publicity Department of the CPC Shenzhen Municipal Committee; Su Huijun, Director of foreign affairs office; Wang Tianliang, editor-in-chief of Shenzhen Press Group; Liu Ming, General Manager of Shenzhen Press Group, Chen Xitian, editor-in-chief of Hong Kong Commercial Daily; adviser of Hong Kong Commercial Daily, social elite, industrial representatives and reporters, etc.

“Hong Kong Commercial Daily is a history-rich comprehensive newspaper that exchanging information between mainland and Hong Kong. It always aims at being the authoritative newspaper for Hong Kong people to learn about mainland economy; and also for mainland readers to learn about HK and overseas economy” said Huang Yanglue, president of Shenzhen Press Group and Hong Kong Commercial Daily. In year 2007, there’s been a dramatic climb in circulation and advertisement of Hong Kong Commercial Daily; and it turned losses into gains for the first time. The joining of Shenzhen New World Group will bring in advanced management system and financial support, thus push Hong Kong Commercial Daily enter a stage of development by leaps and bounds.

Huang Yanglue pointed out that, Hong Kong Commercial Daily will take the opportunity of Shenzhen New World Group’s joining, taking good advantage of its strengths as the carrier of real estate and logistics in mainland China to seek for more accurate market positioning in news gathering and diversification in industrial management. We believe that after Shenzhen New World Group’s joining, Hong Kong Commercial Daily will further carry out its original intention of running the newspaper; speak for business world and serve businessmen and to be the real newspaper that belongs to Hongkong’s business community; and strive for new development and breakthrough on aspects of advertisement and circulation. Meanwhile, we will make every effort to be listed in Hong Kong through expension and operation on the capital market.

It is learned that Shenzhen New World Group was establish in 1993, it only take it 15 years to develop itself into a comprehensive group that combines real estate, logistic, property management, department stores and hotels. Up to now, its properties have covered across Pearl River Delta and Yangtze River Delta. The biggest trading center of textile and garments in the world-New World International- that opened in Jiangsu last year, was built by Shenzhen New World Group with an investment of 4 billion yuan.

“The day that New World Group joined Hong Kong Commercial Daily officially is not only a memorable day for me but also a memorable day for our Group” Huang Wei, president of New World Group said on the signing ceremony.

The main reason that we joined Hong Kong Commercial Daily today is that we have faith in Hong Kong’s thriving economy and its prosperous and stable society; and we’ve foreseen the big possibility of the future development of its culture industry and the bright future of Hongkong Commercial Daily. Since its inception, Hong Kong Commercial Daily has been upholding the philosophy of “loving china and Hong Kong” “business is business”. It was well received by Hong Kong citizens and has ranked as one of the Top Ten Chinese newspaper in Hong Kong. Over the past year, Hong Kong Commercial Daily has undergone a serial of reforms which aimed at speaking for the business community and serving businessmen. And it has blended in Hong Kong business community successfully and become a bridge that exchanges business, finance, information and communication between mainland China and Hong Kong.

Huang Wei was very optimistic about the prospect of the development of Hong Kong Commercial Daily. He said, as China’s only foreign newspaper that was chartered to be published in the mainland, Hong Kong Commercial Daily has rich information, resources and huge circulation network in Pearl River Delta and cities and provinces in China. It is the main media through which high-end readers in Pearl River Delta, Hong Kong, Macau, Taiwan and mainland China learned about financial information and currents news of Hong Kong and foreign countries, it is also the main media through which leaders of Shenzhen New World Group know about all kinds of oversea information for many years. Because of its advantages and strengths, we are very optimistic about the future of Hong Kong Commercial Daily. Thus we believe that to join Hong Kong Commercial Daily and invest in Hong Kong’s culture industry is a smart idea. Shenzhen New World Group has gained much experience in business running and management since it has been established for more than 10 years. We will take full use of our experience and strengths in business running and management after we joined Hong Kong Commercial Daily. We will make use of Hong Kong’s market economy fully and work together with all original shareholders to create a brighter future for Hong Kong Commercial Daily.