XIAOMI(HK:01810) Chang Jiang Ri Bao·2025-10-28 14:00Core Insights - The meeting held in Wuhan aimed to promote the return of Hubei entrepreneurs and strengthen ties between personal growth, business development, and hometown construction [4] Group 1: Event Overview - The meeting is part of a series of activities to facilitate the return of Hubei entrepreneurs, branded as "Chumai Gathering Han, Co-building a Pivot" [4] - Xiaomi's CEO Lei Jun announced the official production of Xiaomi's third large smart factory in Wuhan, following the mobile phone and automotive factories [4] Group 2: Economic Impact - The return of entrepreneurs from Hubei is seen as a key driver for high-quality economic development in Wuhan [4] - The "Action Plan for Promoting the Return of Hubei Entrepreneurs (2025-2027)" was released in March, focusing on leveraging hometown ties to encourage industry return, capital inflow, project investment, headquarters relocation, and talent return [4] Group 3: Policy Initiatives - Wuhan is optimizing the business environment by eliminating government procurement bid guarantees and launching a new tax service model [4] - The establishment of three major Hubei entrepreneur liaison stations in key economic regions aims to strengthen connections among Hubei entrepreneurs [4] Group 4: Entrepreneurial Landscape - There are over 260,000 Hubei entrepreneurs globally, with the top 500 Hubei enterprises generating annual revenues exceeding 3.7 trillion yuan [5] - In 2024, the added value of the private economy in Wuhan is projected to reach 1.02 trillion yuan, accounting for 48.4% of the city's GDP [5] - By mid-2025, the total number of private enterprises in Wuhan is expected to reach 1.159 million, making it the fifth sub-provincial city in China with over one million enterprises [5]