Pengfei Hydrogen’s hydrogen‑based pathway made a remarkable appearance at the China Listed Companies Industrial Upgrade (Taiyuan) Summit.

Release Date:

2023-11-18

On November 17, the China Listed Companies Industrial Upgrade (Taiyuan) Summit and the 2023 Third Shanxi Capital Market Transformation and Development Conference, hosted by the Financial Office of the Shanxi Provincial People’s Government and co-organized by Pengfei Group, was solemnly held at the Jinci State Guesthouse in Taiyuan. Attending the event were Zhang Jiongwei, Director of the Financial Work Office of the Shanxi Provincial People’s Government; Liu Shijin, Vice Chairman of the Economic Committee of the 13th National Committee of the Chinese People’s Political Consultative Conference and former Deputy Director of the Development Research Center of the State Council; Peng Dequan, Second-Level Inspector of the Shanxi Provincial Department of Science and Technology; Lian Ping, Chairman of the China Chief Economists Forum; and Hou Wei, Full-time Deputy Secretary of the Party Committee and Vice Chairman of Shanxi Jin Kong, as well as Party Secretary and Chairman of Shanxi Securities. Also in attendance was Ma Xiaolong, Assistant to the President and Head of the Hydrogen Energy Division of Pengfei Group. More than 100 experts and scholars from within and outside the province, along with representatives from listed companies, prospective listing companies, and investment institutions, took part in the conference.

This summit comprises three main segments: opening remarks by leaders, keynote speeches, and parallel sub-forums. It centers on key topics such as Shanxi’s industrial transformation and upgrading, leading the high-quality development of green financial technology in the Yellow River Basin, and establishing Shanxi as a new benchmark in the green finance capital market. Through extensive exchanges and discussions, the event aims to generate innovative solutions and fresh perspectives for Shanxi’s development, attract investment and talent, and help local enterprises enhance their performance and upgrade in the capital markets.

Zhang Jiongwei, on behalf of the Shanxi Provincial Financial Office, extended his heartfelt gratitude to the distinguished guests who traveled from afar and to the friends who have long supported Shanxi’s development. He emphasized that the recently concluded Central Financial Work Conference underscored that finance is the lifeblood of the national economy; to accelerate the country’s rise as an economic powerhouse, it is essential to fully leverage the pivotal role of the capital market—this, he noted, is a fundamental requirement for high-quality financial development. The Shanxi Provincial Party Committee and Provincial Government attach great importance to capital market work, having introduced initiatives such as the “Enterprise Listing Doubling Plan” and the “Implementation Opinions on Enhancing the Quality of Listed Companies.” At present, efforts are underway to unlock the full potential of the capital market, continuously improve the business environment, and speed up the province’s transformation.

Ma Xiaolong delivered a speech titled “Accelerating the Development of a Comprehensive Hydrogen Energy Industry Chain and Exploring New Pathways for Hydrogen‑Economy Growth,” stating that Pengfei is firmly committed to its mission as a world‑class energy enterprise, proactively aligning itself with the national hydrogen‑energy industry’s overall strategic framework, and achieving remarkable results in this field. The company is vigorously planning and deploying initiatives such as the “Hydrogen to Every Household” program and the Hydrogen‑Energy Town technology demonstration project; it is also establishing globally leading hydrogen‑energy demonstration bases and industrial parks, actively promoting multi‑sectoral applications of hydrogen energy, and advancing Shanxi’s energy production and consumption transformation to build a clean, low‑carbon, secure, and efficient energy system. Strengthening and expanding the real economy hinges on the empowerment of capital markets. Pengfei is working closely with internationally renowned investment firms to prepare for listing in the capital markets, focusing on high‑end equipment manufacturing and smart logistics within the hydrogen‑energy sector. The company hopes to seize the opportunities presented by this conference to forge robust collaborations across all sectors, fully leveraging the synergistic advantages of industry and capital, and contributing to the industrial upgrading of Chinese listed companies and the transformative development of Shanxi’s capital market.

During the keynote session, five distinguished guests—Liu Shijin, Vice Chairman of the Economic Committee of the 13th National Committee of the Chinese People’s Political Consultative Conference and former Deputy Director of the Development Research Center of the State Council; Lian Ping, Chairman of the China Chief Economists Forum; Peng Dequan, Second-Level Inspector at the Shanxi Provincial Department of Science and Technology; Xu Hongcai, Deputy Director of the Economic Policy Committee of the China Policy Science Research Association; Zhao Yue, Chief Economist at Rich Fortune Securities in Hong Kong; and Wu Ge, Chief Economist at Yangtze Securities—delivered speeches on topics including “Accelerating the Exploration of Two Major New Growth Potentials to Stabilize Growth and Promote Transformation,” “Analysis of the Current Macroeconomic Landscape and Prospects for 2024,” and “Trends in China’s Financial and Economic Sectors in the Context of a New Global Order.” They also examined the current macroeconomic environment, policy developments, monetary policy, and investment strategies.

At the New‑Type Productive Forces sub‑forum of the summit, Zheng Ziwei, Chairwoman of Hemei Group, stated that new‑type productive forces present enterprises with fresh opportunities. Hemei Group, for its part, transforms distressed assets into high‑quality ones and leverages capital to pioneer new growth areas—thereby helping others while advancing its own success. She emphasized that the transformation of traditional enterprises hinges on entrepreneurs’ vision and strategic mindset, a commitment to contractual integrity, and a robust talent pool, while also requiring continuous efforts to convert conventional energy‑based productivity into this new‑type model. She extended a warm invitation to all partners and investors to visit Pengfei in person, experience firsthand the progress of its hydrogen‑energy industrial chain, and work together toward shared value, mutual benefit, and common development.

Pengfei will remain committed to green development as its core, ground itself in innovative growth, and fully implement the development concepts of innovation, coordination, and sustainability. It will boldly take the lead in the energy industry revolution, steadfastly pursue the path of hydrogen‑energy industry development, and comprehensively build a secure, green, intensive, and efficient clean‑energy supply system and a modern industrial framework, thereby making even greater contributions to the green, clean, and technology‑driven development of energy in Shanxi and across the nation.