Run, GLORIOUS! It’s right! Do you feel to have met the theme before? Hey hey, the self-created theme is far less vivid than the “borrowing” theme, so we boldly used it. Of course, there are more reasons for selecting this theme, but I shall keep them a secret now and reveal the reasons later. Now, please follow me to view Season I of Run, GLOWRIOUS! The excitement is beyond description, and let’s recall the happy time through the slow-motion playback.

Run, GLORIOUS Season I opens!

With the impassioned and exciting Athletes Marche, 2015 Autumn Sports Game of GLORIOUS INTERNATIOAL opened. HR department organized the staff into five square teams and shouted the team name and slogans loudly. The scene brought us back to the opening ceremony of sports game during the school days and the leaders on the platform reminded me of the principal, dean of students…

Ah, someone is absent. General Feng was explaining the rules for tug-of-war. Fortunately, I have got the key word “lucky lot”, that is, one of the 5 teams would be the lucky team to get to the semi-final directly. Everyone seemed to be excited now, and focused on the acquisition of the lucky lot. Undoubtedly, the luckiest, elegant and pretty Chief Financial Officer Cat got the lucky lot and the team members cheered up…

Opening of Run, GLORIOUS Season I!

1.Tug-of-war

“Come on, come on…” the sound of cheers never stopped and it was the most pleasant sound during a tug-of-war because it was the voice of a team. The team members pooled the wisdom and effort of everyone and those who participated in the tug-of-war spared all efforts. Even the cheerleaders also screamed for cheers and were anxious to help. The game was finished with the team spirit of friendship first and competition second. At last, under the guidance of General Manager Lu Jingwen, the Auto Business Department won the game and Logistics Department ranked the second under the guidance of Director Zhao Ping. Everyone was immersed in happiness.

2. Rope skipping

The rope skipping sound arose beside the ears and 5 ropes formed a rope net and attracted a lot of people watching. With the rope skipping, the counting person had to count the feet. But, it was far from easy. People jumped the rope with various manners, some with one foot, while the other with double feet; some jumped the rope as if were running, some even performed the fancy rope skipping, and some were as light-footed as if there were a spring under their feet…I bet you all wondered about the champion and the first runner-up. They were Jiang Haizhen and Tong Yao from Hotel Business Department.

3. Sit-up

The sit-up that lasted for 2 minutes was one of the most difficult sports games. Both the manner and technique of sit-up should be considered, and then the action could be regarded as perfect. After several rounds of sit-up game, everybody was astonished that there were so many talents in GLORIOUS and no one was inferior. The male and female champions with the standard and perfect sit-up action were Dong Qi with 64 sit-ups in one minute from the Board Office and Zhang Jie with 62 sit-ups in one minute from Real Estate Business Department.

Hot Run GLORIOUS Season I!

1. Plank

Plank was the link with full of eye-catching points and laughing points in Run GLORIOUS Season I. During the game, the participants either made a face or acted cute. Their legs might tremble, but they would not give up making a face at the camera. Some even widened their eyes to their rivals, causing the leaders betting on the winner. The people watching were also anxious for their partners and prayed wordlessly “hold on, dude!” Ultimately, with the counting backwards “10, 9, 8…2, 1”, Zhang Jie from the Business Department won the champion undoubtedly and Meng Deyin from the Logistics Department ranked the second.

2. Shuttlecock kicking

I had to emphasize that shuttlecock kicking was an indeed activity suitable for both male and female. Why? Because the champion and the first runner-up of the shuttlecock kicking game were Wang Qiang from Logistics Department and Bao Hualei from Real Estate Business Department. Can you believe it that both of them were gentlemen? But their movement was so swift and they made the shuttlecock to fly upward and downward but never missed it. Their delicacy and flexibility really astonished the female colleagues watching around. The men’s capability in shuttlecock kicking should never be overlooked.

The mysterious guests in Run Glorious Season I!

Rope skipping of leaders group

This was truly the most eye-catching link. Due to the significant position of the participants, the game field was crowded with people. At this very moment, the glory of national fitness covered the whole Glorious building. Executive Director Gao took the leading role and participated in the game. Other leaders present also made a brilliant appearance. The laughter was mixed with the cheers and the distance between leaders and staff was “zero”. If you looked around, you would find that most people holding their mobile phones were taking pictures and recording a video for this memorable moment.

Mixed games in Run GLORIOUS Season I!

Mixed dribbling

The saying went that “when men and women work together, they will finish the work with high quality and high speed!” It was true. The men and women back-to-back to carry the ball on the racing track strived to move forwards and felt no pressure. The most competitive group even leaped at his/her side and run on the track as swift as a swallow. They were more performing a dance than competing in a carrying-ball race. It couldn’t be more appropriate to describe the scene as fabulous. Finally, under the guidance of General Manager Zhou Weiguo, the Hotel Business Department won the champion and Logistics Department ranked the second under the guidance of Director Zhao Ping.

Awards of Run, GLORIOUS Season I!

Award-giving meeting

Happy time flies. Run, GLORIOUS Season I came to the end and then came the award-giving meeting. At this moment, Athlete Marche was played again, and the award-winning teams and individuals completed the ceremony with excitement. Everyone was once again immersed in happiness.

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Surprises also came with the ending of the sports games. The Company provided was very sweet to provide us with the consolation prize, which deeply touched all the participants. The famous French ideologist Voltaire once said that: “Life lies in movement”. Exercise brought us with health. As a result, in the ending ceremony, I wanted to say: Let’s exercise together. Run, Glorious!

We herein show gratitude to the organization and planning team of Run GLORIOUS Season I as well as all the participants. It was because all of you that Run GLORIOUS Season I had become a great success!

At last, we also show our sincere gratitude to the group company for the sponsor to Run GLORIOUS Season I and the communication platform. Through the activity, our team has been smelted and in the future work, we will strive together in good faith. Therefore, let’s look forward to the future Season II, III, IV…

On September 23, 2015, 2015 Quarter 3 Working Conference and Additional Activity of GLORIOUS INTERNATIOANL GROUP (herein referred to as GLORIOUS) was held in CITIC Pacific Zhujiajiao Jin Jiang Hotel. Director and above personnel of the group, business departments and subsidiaries participated in the conference. Chairman of the Board Zhao Hui, Executive Director Gao Hongyu, Supervisor Guan Wen and President Zhu Wuchao attended the conference. Executive Director Gao Hongyu presided over the conference.

In the beginning of the conference, Ms Gao Hongyu announced two appointments of board of shareholders, appointing senior media and financial expert Mr. Guan Wen as the Chief Supervisor and Dong Qi as the Board Office Director. Then, Mr. Zhu Wuchao declared the new inverted triangle organization structure of the group and announced the new appointments of Jiang Zhentao, Meng Fanying, Zhang Wenyan, Chen Gangyi, Ge Jiao and Guo Sitong.

The sharing and communication part was brilliant. Chief Director Gao Hongyu’s speech with the theme of Enterprise Strategy and Enterprise Culture shared with us a better understanding of enterprise strategy and culture, reviewed the development of the group, and elaborated on the significant role of enterprise strategy and culture in enterprise development. He also sorted out the strategic goals and enterprise culture of the group and proposed several assessment indicators for reference of management team. President Zhu Wuchao made the work report from January to August, 2015, including the macro market and the specific financial data. He analyzed the response method of the group under New Normal, clarified the advantages and disadvantages of the group and proposed the direction for transformation. At last, Mr. Zhu initiated the general requirements of “improving efficiency and enhancing solidarity and cooperation for realizing our target” for the management team and arranged the task for Quarter 4.

Financial Director Cai Xiaohong reported the budget performance from January to August, 2015, and explained the standard for financial reimbursement. Administration Manager Chen Gangyi delivered a speech with the theme of How to Make the Employees’ target Consistent with the Enterprise Target.

Chief Supervisor Guan Wen made a speech and explained the accurate role definition of the Supervisor, e.g. “foresight, innovation and resource integration”.

After a short break, the conference agenda in the afternoon starts. The members in the group board delivered speeches with the theme of China’s Economic Form under New Change and New Normal and Method and Route for Corporate Finance and Reduction of Financing Cost respectively. From the pattern and perspective of global and domestic situation, Cai Chunhua inspired the participants to consider economy from the point of view of “Currency War” and shared his market analysis of today’s economy of China and the real estate industry. Liu Heng starting from the viewpoint of corporate finance, proposed to add the financing channels, carry out the standard management and establish the learning organizations.

In the final brainstorming, Jiang Zhentao, General Manager of the Real Estate Business Department, shared the positioning report of the 108 projects; Lu Jingwen, General Manager of the Automobile Business Department, shared the inventory reduction and performance improvement of high-end automobiles; Zhou Weiguo, General Manager of the Hotel Business Department, shared the innovation of the hotel revenue increase and expenditure saving service; Zhou Heping, Executive Deputy General Manager of the Xinxu Jingcheng, shared the experience of the urban village project. All participants actively participated in the discussion and put forward many valuable opinions and suggestions for the development of each key project of each business department.

Zhao Hui, Chairman of the Group, participated in comments in the middle of the meeting: “fast is slow, slow is fast”, “Combine the theory and practice, give theory a new high level, and implement it in place”. It was suggested that all participants should seriously participate in the working meeting, learn and improve through sharing and exchange.

Zhao Hui, the founder and Chairman of the Group, has always adhered to the concept of public welfare to shore up the group on the basis of society, serve the society and repay the society. He has the benevolence as a social citizen and a strong sense of responsibility as an entrepreneur. Keen on public welfare undertakings, he has supported Zhujiajiao Senior High School, Aksu Bilingual Kindergarten in Xinjiang, children of migrant workers in Xujing, Buddhist disciples of Xilin Temple, etc. In order to gather and spread love, Glorious Love Fund was also established at this meeting to transform his personal charity behavior into corporate behavior, institutionalize and standardize charity, and better care for employees.

The work agenda of the working meeting in the first day was successfully concluded. All the participants had a deeper understanding of the macroeconomic situation, the micro regional advantages, the group’s strategy, culture, the progress of key projects, and the following key work of the group. “Forge ahead, actively create value; develop steadily, and strive to surpass the ordinary”. Under such cultural cohesion, all staff of Glorious would work harder, sprint for the task in the fourth quarter of 2015, and will cross the difficult economic situation, seize the opportunity of regional development, and make a better future for Glorious.

Correspondent: Dong Qi

Wonderful presentation, serious and warm round table discussion…. Was this an EMBA class in a university? This was the scene of the 2015 semi-annual business analysis meeting of GLORIOUS INTERNATIONAL GROUP. From 1:00 to 6:00 p.m. on July 24, the core business team of the Group had five hours of business discussion, and the group’s financial center, group’s personnel administration center. The Financial Center, Human Resources Administration Center, Logistics Department, Real Estate Business Department, Hotel Business Department, Automobile Business Department, Xinxu Jingcheng Industrial Co., Ltd. etc. of the Group reported the work in the first half of the year Results and work plan for the second half of the year, the President assigned key work for the second half of the year, and Executive Chairman Gao Hongyu made comments.

This meeting was the first business meeting after the announcement of the “Board of Directors + Management Team” structure by the semi-annual general meeting of all employees. Report presentation and round table discussion were the two main links of the meeting, fully reflecting the characteristics of “business centered and de-administrative”. In the reporting and demonstration stage, all departments used beautiful charts, rich data, and sufficient analysis to detail the work of in first half of the year, and also put forward matters that needed the support of the Group and other departments; in the round table discussion stage, core team members “cross table for discussion” according to business needs, and the atmosphere became more enthusiastic for a while.

The President of the Group believed that the Group would usher in an explosive growth period in 2017. Before that, it would face the pain of transformation. The measures of “inclining the distribution to the front-line employees, increasing the sales input”, “gradually implementing the partner plan”, and “improving the quality of employees through internal and external training” were put forward, and the key work in the second half of the year was arranged to all departments on site.

Gao Hongyu, Executive Chairman, made a final speech. She reiterated the position of “service, support and supervision” of the Board of Directors. She believed that “today’s analysis meeting will help the core team to fully understand the corporate development and clarify their responsibilities. She hoped that similar operation analysis meetings would continue. There will be corresponding business reports, inspections and discussions in semi-annual, quarterly, and monthly meetings.” She hoped “in the future, the report will be more streamlined from the perspective of the department and the Company; the work progress of the Human Resources Administration Department and the Financial Center will be accelerated.” We also hoped that “the management team can achieve the unity of thinking and action and improve the combat effectiveness under the leadership of president Zhu.”

The 2015 Semi-annual Business Meeting was successfully concluded, and all departments would continue to devote themselves to the intense work, and work hard to complete the established work of all departments, and make full efforts for indicators in second half of 2015. We hoped that each department can hand over a more beautiful answer sheet to make the dream of Glorious come true step by step in the next annual business analysis meeting.

Correspondent: Dong Qi

At 10:00 am on June 29, 2015, the 2015 Semi-annual Staff Meeting with the theme of “making glorious more bright with concerted effort” of GLORIOUS INTERNATIONAL GROUP was held in the Conference Room on the first basement of the headquarters. Members of the first Board of Directors of the Group, members of the President Office of the Group, directors of each center of the Group and general managers of each business department attended the meeting. The meeting announced the adjustment of new structure “Board of Directors + Management Team”, that is, owners and operators of the Company would be divided. The members of the Board of Directors and the new management team met with all employees. Chairman Zhao Hui, Executive Chairman Gao Hongyu, Chief Supervisor Cai Chunhua and the new president delivered keynote speeches.

The meeting was presided over by Ms. Gao Hongyu, current Executive President and the Executive Chairman of the first Board of Directors. Gao Hongyu introduced the members of the first Board of Directors of the Company to all employees, including Zhao Hui, the Chairman of the Group, Gao Hongyu, the Executive Chairman, Mr. Cai Chunhua, the Chairman of Shanghai Association of Enterprise Managers, Ms. Liu Heng, the senior practitioner in the field of financial investment, Lawyer Mr. Qiao Yu. The Board of Directors was provided with “Strategic Investment Decision-making Committee”, “Financial Audit Committee”, “Remuneration and Welfare Committee”, “Legal Committee”, “Office of the Board of Directors”, etc. As the highest decision-making body of the Group, the Board of Directors is responsible for the Chairman of the Group, deliberating and discussing important issues of the Group, including major investment, appointment and removal of senior managers, remuneration and rewards and punishments, assessment of the management team, etc., to form decisions.

The new President spoke on behalf of the management team to introduce the members of the president team to all the staff, and make some work arrangements. The President first expressed his determination and confidence to join GLORIOUS, then briefly introduced his diversified business background, talked about his views and understanding of the current business segments of the group, and finally assigned the task of the next stage to the General Managers of each Business Department.

Mr. Cai Chunhua, the Chairman of the Board of Supervisors, then made a speech, telling all employees about the macroeconomic situation and the current development of the industry involved in the company, telling everyone to cherish their job opportunities, explaining that the reason for the adjustment of the group structure is to meet the requirements of the new situation, and telling the new management team to achieve further success on the basis of the fruitful work of the previous management team. Finally, he expressed his determination to “fully support the management team” and encouraged all employees to “strive hard and create greater glories”.

After listening to the speeches from the representative of the board of directors, the management team and the representative of the board of supervisors, the chairman Zhao Hui expressed that he hoped that “the new management team could adapt as soon as possible, to face the difficulties and achieve the goal”, and that all members would “strengthen cooperation, understand more, and blame less. ” He also expressed his determination to try his best to serve the management team.

Finally, Ms. Gao Hongyu made a concluding remark and put forward the new requirements of “loyalty, dedication, responsibility, efficiency, communication, cooperation, modesty, economy, gratitude, and result orientation” to the top management team and all employees.

Through this conference, all employees fully understood the history of the Group’s development for more than 20 years, the current status and future strategic planning, and the significance of the Group’s structural adjustment. In addition, they also better understood the excellent opportunities and internal and external challenges that the group is facing. Everyone expressed that they would continue to work hard to do their jobs well and create a brilliant future together with the group.

“Mainly for estates without a pre-sale certificate.”
One week after the introduction of the “Seven Articles of Shanghai”, the sales of Shanghai’s real estate market plummeted.

On November 18, Jinfeng Yiju & U-Right Joint Research Center released monitoring data: last week (November 11-November 17), the transaction area of newly-built commercial residential buildings in Shanghai was 259,400 square meters, with a month-on-month (compared with the previous week) decrease of 36.20%; the average transaction price was RMB 24,779/ square meter, an month-on-month increase of 1.53%; the newly-added supply area was 220,700 square meters, a month-on-month decrease of 55.25%.

The marketing director of a housing company in Shanghai said, “the ‘Seven Articles of Shanghai’ has further restrictions on house purchase qualifications and the proportion of down payment for second houses, which has a certain impact on house buyers with rigid demand or for improvement purpose. What’s worse, the weather is becoming cooler, so the market has recently started to cool as well.”

Since November, Shanghai’s real estate market turnover has increased by 51.3%.

“The trend of high decline of turnover during this year has been defined.” Huang Zhijian, executive director of U-Right Institution, said that the trend of high turnover in early November is difficult to continue during this year.

Due to the high turnover at the beginning of the month, the total turnover of Shanghai’s real estate market has not been low since November.

According to the statistics of U-Right and real estate in the 21st Century, as of November 17, the cumulative transaction area of newly-built commercial houses in Shanghai in November was 759,600 square meters, a year-on-year increase of 51.3%, and a 23.3% increase compared to the same period in October. U-Right predicts that the actual turnover of Shanghai’s real estate market in November will be around 1.3 million square meters.

Lu Qilin, CRO of Deovolente Realty, believes that after the transaction peak caused by the last bus effect of the policy in the week before, the impact of the “Seven Articles of Shanghai” issued last week began to gradually embody. In addition, at the end of the year, the real estate market will face tightening of loans and other factors. Hesitating attitude will spread around the real market, and it is expected that the transaction in the real estate market will gradually slow down in the short term.

The property market transactions showed signs of weakness last weekend.

According to the statistics of Shanghai Centaline and Deovolente Realty, the turnover of newly-built commercial residential buildings in Shanghai fell back to nearly 260,000 square meters last week, which is the first time in recent six weeks that the turnover of Shanghai’s property market has fallen below 300,000 square meters. Among them, the impact on high-priced real estate is quite obvious. Last week, 80 houses with a unit price in Shanghai of more than RMB 50,000 were sold, 37 fewer than last week.

Industry and commerce strictly investigate illegal promotion.

At the same time, the newly-increased supply of the Shanghai property market has also shown the trend of falling.

Deovolente Realty said that the newly-increased supply of 220,700 square meters of newly-built commercial residential buildings in Shanghai last week was the lowest point in the recent nine weeks.

By comparison, according to the real estate statistics of the 21st century, in the first 17 days of November, Shanghai added a total of 904,000 square meters of new houses, which was 3.3 times the same period last year.

The aforementioned marketing director of the Shanghai real estate company said that with the introduction of the “Seven Articles of Shanghai” and the tightening of the pre-sale certificate issuance (for details, see version A37 “Pre-sales Certificate Tightening” of Some Districts and Counties in Shanghai in morning paper on November 15) . It is expected that most developers’ marketing work this year is about to enter the final stage. “At most until the beginning of December, real estate that wants to be sold can only hurry up in this period of time, and then the market will basically end. It is time to plan for next year.”

He also mentioned that recently, the industrial and commercial departments in many districts and counties are strictly examining the promotion of real estate, mainly targeting at those that have begun to be promoted without obtaining a pre-sale certificate. According to regulations, real estate without a pre-sale certificate is not allowed to carry out external promotion, let alone to collect any money from buyers.”

According to the marketing director, in the past, some real estates would have accumulated some potential customers before obtaining the pre-sale certificate, and would open soon after the pre-sale certificate was obtained. However, this kind of marketing that does not collect some earnest money, but dispense numbers cannot capture customers, which has no effect. “Recently, this area has been strictly checked. These real estate can only be used to receive some on-site customer consultation.”

The marketing director said that other violations that were explicitly prohibited by the “Seven Articles of Shanghai” were also strictly investigated.

In his view, regulators did so mainly to release signals to tell developers that they must act in accordance with regulations at the end of the year, thus controlling the market.

However, some developers have stated that the supervision of the promotion of real estate has always been strict. Before obtaining the pre-sale certificate, the real estate cannot generally be advertised. “Maybe there will be another wave of inspections in some districts and counties recently.”

The “Seven Articles of Shanghai” issued on November 8 put forward the need to strengthen supervision of the real estate market. “Strictly implement ‘one house, one price’, clearly mark the price, record and manage commercial housing sales and other regulations. Strengthen the real estate brokerage market governance work, strictly investigate and deal with various types of illegal acts such as fraudulent purchases and tax fraud, and expose the illegal acts.”

At the end of the year, more real estates have entered the property market.

Under the influence of multiple factors, all parties have shown differences about the judgment of the trend of housing prices during the year.

Lu Qilin believes that the current home buyers in Shanghai have less aspiration for bullish market. At the end of the year, under the influence of policies, loans, supply and demand and other factors, the rate of house price rise is likely to slow down.

The General Manager of a listed real estate company also believes that house prices will not change much in the short term, and developers will not reduce prices when sales tasks have been completed.

He predicts that the turnover of the Shanghai property market will gradually shrink. From a market perspective, the recent decline in turnover is related to the lack of new supply. From a policy perspective, the further tightening of the “Seven Articles of Shanghai” on house purchase qualifications and the proportion of down payment for second houses has also made some buyers unable to enter the market. “But this does not mean that the market’s buying enthusiasm has declined, and the proportion of people with hesitating attitude will not be very high. Because the purpose of hesitation is to wait for prices to fall, such expectations are not so strong at present. ”

Huang Hetao, a real estate analyst in the 21st century, judges that a large number of low- and mid-price listings will enter the market at the end of the year, which can drive transactions in houses of rigid demand and support the overall turnover of the property market on the one hand; and can also reduce the overall average transaction prices on the other hand.

According to real estate statistics in the 21st century, the supply-to-sales ratio (new supply / turnover) of new houses in Shanghai last week was 0.85. After a lapse of 3 weeks, it returned to below 1. Among them, the medium and low-end sections with the highest quotations of below RMB 30,000 /square meter increased the supply by 159,000 square meters, accounting for 72% of the total new supply.