Recently, the 40th Anniversary Celebration and Entrepreneur Forum of Far East Holding Group was successfully held in Yixing, China. Nearly 2,000 guests, including distinguished professionals, industry leaders, and partners from all walks of life, gathered to explore the opportunities and challenges faced by enterprises in the new era. The forum aimed to contribute to high-quality industrial development and promote the prosperity and advancement of the economy and society.

Jiang Xipei, Founder and Chairman of the Board of Far East Holding Group, and Jiang Chengzhi, Party Committee Secretary, Executive Chairman of the Board, and CEO, were interviewed by several leading media outlets, including Xinhuanet, Xinhua Daily, Sina Finance, Tencent Finance, Wuxi Daily, and Yixing Media Center. They discussed topics such as business succession, core competitiveness, and strategic planning.

Q: What has been the core competitiveness behind Far East’s sustained growth over the past 40 years?

A: First, the ability to assess the situation, adapt to changing times, and innovate continuously. Far East has always kept pace with the times and embraced change proactively. Second, we attract like-minded individuals who are patriotic, responsible, and committed to our mission and values. Third, we are dedicated to solving real problems for our customers and society—understanding their pain points, appreciating and supporting one another to achieve mutual success.

Q: What inspired Far East’s talent initiatives and support for higher birth rates?

A: While Far East is a private enterprise, it also functions as a socially responsible company. We strive to provide more employment opportunities and promote well-being and stability. We’ve implemented seven prioritized recruitment policies: for people with disabilities, veterans, college graduates, families with three or more children, zero-employment households, local residents, and families of current employees. Currently, Far East employs nearly 10,000 people, with a significantly higher proportion of these priority groups than the industry average—underscoring our mission to create value and serve society.

Q: What is key to Far East’s successful business succession to the next generation?

 A: The willingness and ability of the successors, as well as their passion and confidence in the future, are crucial. Perseverance and commitment are fundamental to long-term success. Far East promotes a “business partnership + entrepreneur mechanism,” offering growth opportunities to capable and motivated individuals, allowing more talents to thrive within the organization.

Q: How has Far East changed over the last 20 years, and what has remained the same?

A: Beyond our larger scale, our team has developed a stronger sense of national duty and idealism, with greater problem-solving capabilities. As a private company, our founding vision remains unchanged. We stay confident and aligned with national goals, adhering to a customer-centric and contribution-driven philosophy, while maintaining synergy with the government and the nation.

Q: Far East aims to be a “second to none” company. What does that mean?

A: Far East is already a domestic leader in the wire and cable sector. However, we acknowledge the gap with international industry giants in terms of heritage, scale, and globalization. Our goal is to become a globally leading company—"second to none"—in the next five years.

Q: What are Far East’s future plans and strategic goals?

A: Far East will stay aligned with national development plans, focusing on three core industries: Smart Cables, Smart Batteries, and Smart Airports. In the next five years, we aim to surpass RMB 100 billion in assets and revenue, and reach a brand value of over RMB 150 billion. Building on our 40-year foundation, we will manage risks, seize opportunities, and move forward confidently toward our goals.

Q: How can legacy enterprises like Far East evolve for long-term growth through institutional innovation?

A: Many Chinese private companies are still young, and corporate governance is an ongoing process. We benchmark against century-old enterprises, enhancing our management systems. Far East clarifies decision-making through its three-board structure, emphasizes performance and budgeting, and recruits nearly a thousand graduates annually—including many from top-tier 211 and 985 universities—to infuse fresh ideas while preserving our legacy.

Q: Are there generational differences in management styles and strategic focus at Far East?

A: First-generation entrepreneurs in China are remarkably resilient and eager learners, qualities we admire. The younger generation must embrace continuous learning and self-growth. Far East fosters a strong learning culture with annual learning targets for every role and supports further education. We leverage both internal think tanks and external experts to make informed decisions.

Q: What are the highlights and strategies in the ESG report related to the new energy sector?

A: Far East focuses on Smart Cables, Smart Batteries, and Smart Airports—all highly relevant to the new energy sector. First, AI computing power requires products for signal transmission and electricity—Far East provides comprehensive solutions from high-voltage cables to high-speed data cables for chips. Second, we built the largest string-type energy storage power station in China last year. Third, in smart transportation and green airports—both domestically and internationally—our solutions meet emerging needs for low-carbon and intelligent infrastructure.

Q: What are Far East’s plans for the capital market?

A: As a listed company, our priority is to create value for investors. We are enhancing our core businesses and ensuring stakeholders understand and trust our vision. The cable industry is consolidating rapidly. In China, the top 10 companies hold less than 20% of the market, compared to 70–80% overseas. Far East aims to be among the top global players. In addition to strengthening our existing operations, we are expanding in new areas such as ultra-high voltage, nuclear, wind, solar, and EV charging cables. We’ve also established initial partnerships in AI and robotics, with plans to further optimize products and deepen collaborations.

As Chairman Jiang Xipei remarked, “Our goal is to pass down Far East through generations, continue its legacy, and strive for enduring brilliance. The journey is long and challenging.” Standing at the 40-year milestone, this industrial giant rooted in the Yangtze River Delta and reaching out globally is poised to embark on a new journey of high-quality development.