In order to adapt to the new situation of economic globalization, accelerate the implementation of “Going out” strategy, foster, participate and lead the new situation of international economic cooperation in competition, and boost the “Going out” strategy of Chinese enterprises to make greater achievements, 1st Annual Meeting for Chinese Outbound Investment Companies was jointly held by China Association for the Promotion of Development Financing and China International Chamber of Commerce for the Private Sector in Beijing International Convention Center on Feb. 20, 2014. Chen Yuan (Vice Chairman of CPPCC and President of China Association for the Promotion of Development Financing), Wang Qinmin (Vice Chairman of CPPCC and President of ACFIC), Yuan Li (Vice President of China Development Bank and Vice President of China Association for the Promotion of Development Financing), Wei Jianguo (former Vice Minister of Commerce and Vice Chairman of CCIEE), Liu Zhentang (Senior Diplomats, Former ambassador to Tehran, Vice Chairman of Association of Former Diplomats of China) and Nie Qingshan (Deputy General Manager of China Export & Credit Insurance Corporation) attended and delivered speeches at the meeting. Hasan International, as a Chinese outbound private enterprise, was invited to attend the meeting in the presence of Yu Yinong (Vice President of Group) and Long Lin (Director of Chairman Office).
The annual meeting was held in the context of accelerating the implementation of “Going out” strategy by the state to adapt to new situation of economic globalization. Leaders of relevant ministries, People's Bank of China and China Development Bank, investment and financing experts having practical experience overseas and many representatives of Chinese enterprises attended the meeting and deeply discussed the opportunities and challenges accompanied by the new changes and new trends of global political and economic pattern which raised widespread concerns by the enterprise in “Going out” strategy, how to thoroughly interpret the relevant national policies and make full use of policy supports, how to effectively use the social resources such as financial, legal and professional intermediary service institutions as well as oversea investment, operational risk aversion, cross-cultural management and establishment of enterprise social responsibility.
At the “Walking into Latin America and Africa Sub-forum”, information of Latin America and Africa projects was exchanged and cooperated so that the state-owned enterprise and private enterprises, private enterprises and relevant investment projects thereof can seamlessly integrate into each other. The policies and risk prevention of relevant projects were systematically discussed by Shi Jiyang (Deputy Director of International Cooperation Business Bureau of China Development Bank), Zhang Jianping (Director of International Cooperation Research Office of National Development and Reform Commission), Hu Zhirong (Vice President of China-African Development Fund), Wang Haiyun (Senior Consultant of China Institute for International Strategic Studies). Deputy Director Shi Jiyang answered the questions about investment and financing policies of Africa project proposed by Hasan International.
The annual meeting advocated “Going out” of state-owned enterprises and private enterprises, during which they should cooperate with each other, thereby fully reinforcing the strengths of the state-owned enterprise itself and accumulating experience. Private enterprises are characterized by flexible mechanisms, quick action and strong capability of capturing the business opportunities. Therefore, the state-owned enterprises and private enterprises shall give play to their respective features, complete each other’s advantages, go out together and jointly explore the international market!
Photo of Shi Jiyang (Deputy Director of
International Cooperation Business Bureau of China Development Bank, second
from right), Hu Zhirong (Vice President of China-African Development Fund,
second from left), Yu Yinong (Vice President) and Long Lin (Director)