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The Y. Elites Principle

The Y. Elites Principle. Clarence Leung Wang Ching Director, Sun Hing Knitting Factory Ltd Chairman, The Y. Elites Association. Introduction. Clarence Leung Wang Ching, 1978 Director, Sun Hing Knitting Factory Ltd La Salle College, before 1992 Repton School, after 1992

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The Y. Elites Principle

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  1. The Y. Elites Principle Clarence Leung Wang Ching Director, Sun Hing Knitting Factory Ltd Chairman, The Y. Elites Association

  2. Introduction • Clarence Leung Wang Ching, 1978 • Director, Sun Hing Knitting Factory Ltd • La Salle College, before 1992 • Repton School, after 1992 • University of Cambridge - BA Honours in Economics - MA Honours in Economics • Participation in advisory committee to the HKSAR HKSAR SME Development Fund - Member, Vetting Committee HKSAR Town Planning Board – Member HKSAR Trade and Industry Advisory Board － Member • Participation in community work: The Y.Elites Association - Chairman Hong Kong Hunan Youth Exchange Promotion Association Limited - Chairman Hong Kong Spirit - Founding Member

  3. Graduated from Cambridge University in 1999 • Back to Hong Kong and joined the B to B website, Texwatch inc. • Return to family business in 2001

  4. Sun Hing Knitting Factory Ltd • Although incorporated in 1970, was founded in the late 1940s • Main Business is garment manufacturing. • Offices in Hong Kong, London and Huizhou.

  5. Road to management • Knew little when I joined • Went through difficult adaptation • Importance of data • Earning the respect

  6. Business Dilemma • Since 2008 world wide economy still weak • Customer looking for lower prices • Increase wages by over 12% per year • Huge exchange rate disadvantage • Unclear local government intention

  7. Way forward • Innovation • Brand building

  8. The Y. Elites Association • The Y. Elites Association was founded in 16 May , 2007. • Mainly composed of young entrepreneurs, professionals and community leaders.

  9. The Y. Elites Mission • To gather young elites; • Promote understanding of our nation; • Attend to various social topics; • Become the think tank for current affairs

  10. Major Events • “2013 Boao Youth Forum (Hong Kong)”. • “2013 Guangdong, Hong Kong and Macau University Debate Competition” • “2013 Path to Success Seminar” • “Our Cultural Heritage: Tea, Wine and Agarwood Forum”

  11. Boao Youth Forum (Hong Kong) • Organized by Boao Forum for Asia (BFA) and The Y.Elites Association • Brought together some of the most prominent regional leaders from politics, business and academia to present their inspiring insights about the sustainable development of economics, culture and industry, and society

  12. Photos of Boao Youth Forum

  13. Hong Kong Outlook • Hong Kong needs to play its part in China • Investment • Retail • Services • Hong Kong needs to face the world with China backing

  14. My Attitudes • Be positive • Always see different sides of the story • Think carefully before action • Never say never

  15. info@yelites.com

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