On November 16, the Third Chushang Conference, themed "Return of Chu Merchants, Co-construction of Pivot", opened at the East Lake International Conference Center, Wuhan, Hubei Province.
Wang Xiaodong, Governor of Hubei Province presided over the opening ceremony. Jiang Chaoliang, Secretary of the CPC Hubei Provincial Committee delivered an opening address. Wang Qinmin, Chairman of the All China Federation of Industry and Commerce delivered an important speech. Renowned entrepreneurs including Lei Jun, Chen Dongsheng, Zhou Hongyi and Liu Chuanzhi exchanged ideas and offered advice on the economic development of Hubei.
Chu culture lasting for thousands of years gave birth to galaxies of talents. As outstanding representatives, Chu merchants have become a highlight in China's economic map. There are currently 97 "Chu"-titled chambers of commerce, as well as 300 firms and chambers of commerce titled with "cities and prefectures in Hubei" across the country. Chu business group ranks fifth among Chinese business groups and first in central and western China. Chu merchants rank fifth on the 2017 "China Top 500 Private Enterprises" list in terms of number, and first in central and western China. Besides, Chu merchants have established more than 10 chambers of commerce and sodalities in countries including the U.S., Australia, Canada, New Zealand and Malaysia. Since the starting of Chushang Conference, elite Chu merchants have upheld the business spirit of innovativeness, openness, inclusiveness, faithfulness and righteousness, relied on themselves, made innovation, worked solidly, and polished world-renowned Chu brands like Xiaomi and 360.