Invitation to the Third Conference of China Outbound Forum By Sanya People’s Government Center for China and Globalization (CCG) China Association for International Economic Cooperation (CAFIEC) Smadja& Smadja Strategy Advisory December 2-3, 2016, MGM Hotel, Sanya, Hainan, China
In 2014, Center for China and Globalization (CCG), China Association for International
Economic Cooperation (CAFIEC), Smadja& Smadja Strategic Consulting and Sanya People’s
Government jointly initiated the largest and most influential outbound forum in China. The
China Outbound Forum has already established its reputation as the premier event discussing the challenges and opportunities Chinese enterprises face during their global expansion. The Forum brings together 400 participants around– government officials, journalists, as well as Chinese senior executives and their interlocutors from foreign companies. In addition, this event also invites internationally well-known scholars and experts to share their opinions.
On the success of the first two conferences, the third conference will focus on the new trends and developments which have shaped Chinese companies’ globalization progress –"China’s overseas drive: Accelerating momentum, shifting focus".
Speakers invited to the event include Chinese government officials who are heavily involved in international trade and economic cooperation, well-known Chinese and international business leaders, as well as global scholars from the related fields. Based on this theme, the conference will conduct discussions on these following topics:
1. The emerging trends in globalization and world economy
2. The on-going expansion and diversification of China’s outward foreign direct investments (OFDI)
3. The growing role of Chinese private sector and the emergence of additional financing sources for outbound investment
4. The key challenges Chinese companies face in expanding overseas
5. The potential opportunities and issues Chinese enterprises might encounter in the top investment destinations
CCG is the largest independent think tank in China engaging in studies of globalization and international policies. With a strong focus on promoting international cooperation, CAFIEC is a national independent agency administered by the Ministry of Commerce of PRC. Smadja&
Smadja is an international strategic consulting firm with rich experience in hosting global events, such as the World Economic Forum. Sanya, the host city of this conference, is also one of the host cities for Miss World pageant and is famous for its beautiful natural landscape.
With the wide range of topics being covered, we believe that joining this event will help you to enhance your understanding about China, develop social connections with more Chinese enterprises, and encounter potential opportunities for future cooperation.
For more information, please contact
Ms. Liu Tel：+86-10-65611038-8002 Email: [email protected] Ms. Zhu Tel：+86-10-65611038-8077 Email: [email protected]
MGM hotel website: http://www.mgmgrandsanya.com/en-us/
Agenda
Friday, December 2nd, 2016
12:00-14:00 Registration (MGM Hotel, Sanya) 14:00-14:30 Welcome Ceremony
Host
Miao Lu, CCG Secretary-General
Guest Speakers
Claude Smadja, President of Smadja& Smadja
Wang Huiyao, CCG President, CAFIEC Vice President
14:45-16:15 Plenary Session 1 Fast Expanding China Outward Investment: the Overall Picture in the Future?
The year of 2016 will definitely witness a new record for China’s outbound investment and the trend is set to continue. The National Development and Reform Commission (NDRC) proposed to simplify the regulatory regime for outbound investment. While the momentum of China’s outbound drive is accelerating, the focus of investors is moving from the Emerging Markets commodities producers to the US, Europe and Australia as sources of technology, high-end consumer’s brands. What are the key priorities and trends shaping China’s outbound drive? What factors or challenges could disrupt the expansion trend? What will be the overall picture of China’s global corporate footprint five years from now? Host
Wang Huiyao, CCG President and CAFIEC Vice President
Invited Guests
Chen Feng, the Board Chairman of HNA Group
Cui Mingmo, CAFIEC President
He Ning, Former Director of Commerce Department of America Oceania Ministry, former
Minister of Commerce in Chinese Embassy to the United States of America
Huo Jianguo, Former President of Chinese Academy of International Trade and Economic
Cooperation
Long Yongtu, CCG Chairman of CCG, Former vice Minister of Commerce and former Secretary
General of Boao Forum for Asia
Ma Jun, Chief Economist of PBOC
Ma Weihua, Former Executive Chairman & President& CEO of China Merchants Bank
Timothy P. Stratford, Managing Partner in Covington & Burling LLP’s Beijing Office
Xie Boyang, Former vice President of All-China Federation of Industry and Commerce, Counselor of the State Council
Zhang Hongli, Senior Executive Vice President of the Industrial and Commercial Bank of China
(ICBC)
Zheng Yongnian, Research Director of CCG, Director of East Asian Institute, National University of Singapore
16:15-16:45 Breaks
16:45-18:00 Panel 1 How to address the challenge of valuing a company in a volatile market?
Chinese companies have often over paid their international acquisitions, and have difficulties to assess the accurate value of their prospective acquisitions as they tend to underestimate the importance of thorough due diligence and on many occasions their assessment is often made on the basis of Chinese practices and criteria. The difficulty turns to be more complicated for the more market volatility recently. What key elements to take into account for the proper valuation of target companies? What are the pitfalls to avoid in order to pay the “right price”? Host
Li Weifeng, CCG Executive Vice Secretary- General
Invited Guests
Chen Xingdong, Managing Director of BNP Paribas
Henry Cai, Founder& Chairman of AGIC Capital
Honson TO, President of KPMG China
Nova Chan, Senior Partner of PWC China & Hong Kong
Qin Jing, Deputy General Manager of Special Finance Department in the Head Office of ICBC
Wei Sun Christiansen, Asia-Pacific Co-CEO, CEO Morgan Stanley China
Xu Xiaoping, Founder of Zhen Fund
Xuong Liu, Managing Director of Alvarez & Marshal Consulting
16:45-18:00 Panel 2 Adjusting Internally to Win Overseas
Most Chinese companies’ overseas development has to make internal adjustments either to fully integrate a new acquisition or to manage efficiently the joint-venture requirements, or to successfully operate in new markets. All of these imply a new talent strategy to attract those of intercultural understandings, capabilities to leverage technology development and to operate a new venture in a diverse cultural environment. This also implies corresponding changes of a company’s management structure and even its corporate culture. These are all big challenges to Chinese companies. A full understanding and a full commitment from the top management are absolutely necessary, a key to final success. Host
Miao Lu, CCG Secretary-General
Invited Guests
Chen Jianzhou, Senior Vice President of ZTE Corporation
Feng Xi, Senior Vice President of Dataway, Founder of Future Businesses University
Gao Zhendong, President of WORX Group
Hypatia Kingsley, General Manager of Spencer Stuart Consultants China
Lv Wei, CEO& Founder of CDP Group
Liang Jianzhang, Chairman& CEO of Ctrip
Qiao Jian, Senior Vice President of Lenovo Group
Shen Boyang, Vice President of LinkedIn, President of LinkedIn China
Tony Tala, CEO of Rexnord China
Wang Guangfa, Chairman of Fazheng Group
Yi Min, CEO of MTR China
You Zhonghui, Founder& Chairman of Shenzhen Seaskyland Technologies Co. Ltd
16:45-18:00 Panel 3 Looking at the evolving picture of China’s investment in Europe
Chinese investment in Europe has soared over the last two years. Chinese companies are expanding their interest to industrial and technological firms as well as real estate much more beyond Germany France and the UK. Europe welcomes Chinas’ investment, but also asks China for equal reciprocal access for European investments in China. Where are the greatest opportunities for Chinese investors in Europe? Are Chinese investments facing greater scrutiny in European countries? Will Brexit change Chinese investor’s perspectives towards investment in the UK? How crucial is the bilateral investment agreement between China and the EU in reducing the growing imbalance between European investment to China and China’s to Europe? Bureaucracy, high costs, visa issues: Addressing the challenge of investment in Europe Host
Sun Yongfu, Former Director of European Department of the Chinese Ministry of Commerce
Invited Guests
Antonio Santana Carlos, Portuguese Ambassador to China
Hua Xinghong, Managing Director& President of Cerberus Capital Management China
Huang Haiyan, CEO of Tech Code
Joerg Wuttke, President of European Union Chamber of Commerce in China
Lu Dong, Chief Representative of EU H2020 and OASC Program in China, Executive President of
MECEC
Sun Liqiang, Chairman of Changyu Group
SZILAS Cecília, Hungarian Ambassador to China
Wang Jianfeng, President of Ningbo Joyson Electronics Group
18:15-19:00 Officials Opening Plenary
Host
Wu Yanjun, Mayor of Sanya
Invited Guests
He Yafei, Former vice Foreign Minister
Huang Mengfu, Former Vice Chairman of National Committee of the Chinese People's Political
Consultative Conference (CPPCC), Honorary Chairman of All China Federation of Industry and
Commerce (ACFIC)
Kevin Michael Rudd, Former Prime Minister of Australia
Liu Yanhua, Former Vice Minister of the Science and Technology, Counselor of the State Council
Long Yongtu, CCG Chairman, Former vice Minister of Commerce and former Secretary General of
Boao Forum for Asia
Zhang Qi, CCP Secretary of Sanya
Zhao Qizheng, Former Director of the State Council Information Office, Committee Member of the Eleventh CPPCC, Director of National People’s Congress
19:00-20:00 Plenary Dinner Top 50 Chinese Globalization Enterprises Award 2016
Host
Li Boqing, Vice Mayor of Sanya
Guests
Claude Smadja, President of Smadja& Smadja
20:00-21:15 Opening Forum
Host
Long Yongtu, CCG Chairman, Former vice Minister of Commerce and former Secretary General of Boao
Forum for Asia
Invited Guests
Cao Dewang, Founder & Chairman of Fuyao Group
Chen Feng, Chairman of HNA Group
He Wenbo, Chairman of China Minmetals Corporation
Liang Xinjun, Vice Chairman& CEO of FOSUN Group
Liu Yonghao, Chairman of New Hope Group
Margaret Ren, China CEO& Chairman of Bank of America Merrill Lynch
Zhang Huarong, President& CEO of Huajian Group
Zhang Lei, Chairman & CEO of Hillhouse Capital Management Group, Ltd
Saturday, December 3rd, 2016
09:00-10:15 Plenary Session 2 China’s outbound investment over the next 5 years: Cross border M&As, PE and private businesses leads the trend, sectors and regions are diversified… and what else?
For the first time since 1978 China became a net capital outflow country last year, outbound investment in 2016 will set another record, and will hopefully grow up to one of the two largest outbound investment countries by 2020. China’s National Development and Reform Commission (NDRC) proposed in April to amend the Outbound Investment Regulations to ease and speed up of the change, such as erasing approvals from the State Council on large or sensitive projects. This amendment is coming into force, and together with other domestic and international factors, will be bound to push the trend, no mentioning the One Belt and One Road initiative, another powerful accelerator factor in the coming five years Promoting diversification in M&A market: technology, consumer-driven sectors, food& Agro. China’s investment destination countries and regions keep diversifying What are the implications of the private companies are expanding their international business and overtaking the SOEs in the outbound drive? How will China’s PE firms expand their role in sustaining a new wave of investments? Host
Wang Huiyao, CCG President, CAFIC Vice President
Invited Guests
Chen Shuang, Executive Board Member & CEO of China Everbright Group
Clyde Prestowitz, President of Institutes for U.S. Economic Strategic Studies
David Harmon, Vice President of Huawei Global Government Relations and Public Affairs
Liang Xinjun, Vice Chairman& CEO of Fosun Group
Peter Fuhrman, Chairman & CEO China Capital International
Sun Wei, CEO of JP Morgan Chase & Co China
Wang Chaoyong, Chairman of China Equity Group
Zhang Yichen, Chairman& CEO of CITIC Capital
Zheng Yonggang, the Board Chairman of Shanshan Corporation
Zuo Min, President of Fuyao Glass
10:15-10:45 Breaks
10:45-12:00 Panel4 The challenges of global regulatory compliance Chinese companies need to address as investor.
Compliance with an increasingly complex maze of laws and regulations remains one of the key challenges for Chinese companies in their international business. The lack of understanding of the regulatory, bureaucratic and cultural landscapes in the U.S. or in Europe leads to many costly missteps of Chinese investors. What is required to address the intertwined regulatory, legal, political and cultural challenges? Host
Gao Qiqi, Dean& Professor of Political Science Institute in Huzhong University
Invited Guests
David Zweig, CCG Vice President, Dean of the Center for China's Transnational Relations in Hong
Kong University of Science and Technology
Eric ZHENG, President& CEO of AIG Insurance Company China Ltd
Ran Ruixue, Partner of Covington & Burling LLP
Shunee Yee, President& CEO of CSOFT International
Tao Jingzhou, Management Partner of Dechert LLP
Timothy P. Stratford, Managing Partner in Covington & Burling LLP’s Beijing Office
Wang Zhile, Senior Fellow of International Trade and Economic Corporation Research Institute under the Chinese Ministry of Commerce
Zhang Yi, Committee Member of King& Wood Mallesons Global Management Committee
10:45-12:00 Panel 5 Post M&A: The key factors to generate much expected synergies and profit What Chinese companies need to develop their abilities for integrating and leveraging the additional assets and keep competitive that acquisition can provide to them? How to ensure that optimal use is made of the new know-how and technological assets that the acquisition brings, of the potential for expanding market share, and/or for improving productivity and efficiency to increase profitability? What are best practices or success stories to emulate? Host
Huang Xueqi, Secretary General of China General Chamber of Commerce - U.S.A
Invited Guests
Chen Xiaodong, CEO of YINTAI Corporation, Executive Chairman& CEO of YINTAI Group
Chen Xingdong, Managing Director of BNP Paribas China
Wang Yang, President of Cybernaut (China) Venture Capital Manage
10:45-12:00 Panel 6 China’s investment in the US: Navigating the political and regulatory challenges towards new heights
As Chinese companies have ramped up their acquisitions in the US, close to US$ 16 billion in 2015, and accused more and more attention from US policy-makers and regulators, the Chinese companies therefore would face more complicated issues involving in laws and regulations, and sometime in the procedures of the Committee on Foreign Investment in the US (CIFIUS). The surge of Chinese investment has also prompted calls in the U.S. asking China for full reciprocity the sectors that remain closed to U.S. investors in China. What kind of regulatory challenges should Chinese investors be particularly attentive to, and how to address them? Is the political scrutiny towards Chinese investments going to increase with a new administration in Washington next January? What are the prospects of the Bilateral Investment Treaty being competed, as issues remain about sectors that would stay “off limits” for foreign investment? How can Chinese investor’s best pave a smooth way for their ventures in the US? Host
He Weiwen, Vice President of CCG, Former Economic & Commercial Counselor at the Chinese
Consulate Generals in New York and San Francisco
Invited Guests
Chen Jianzhou, Senior Vice President of ZTE Corporation
Gu Jianguo, Executive VP of JIC Group
He Mei, Chairman of WAILIAN Overseas & Consulting Group
He Ning, Former Director of Commerce Department of America Oceania Ministry, Former
Minister of Commerce in Chinese Ambassy to the United States of America
Howard H. LI, CEO of Waitex, Executive President of US Committee of 100
James Chang, Partner of Price Waterhouse Coopers Consulting in China Financial Management
Li Xi, Executive Chairman of Stilwell Fund, President of Stilwell International Innovation
Enterprises Group
Yu Weiping, Vice President of China CNR Corporation
12:15-13:45 Plenary Luncheons
14:00-15:15 Panel 7 The new promises of the China-India business relationship
It is a promising time for increasing the China-India Business interaction: while Chinese companies are searching investment opportunities in emerging markets, India is increasingly open to foreign businesses. The new rules on foreign investment enacted by the Modi administration in June 2016 along with other measures make business operation easier and cost cheaper. Thus, India will be a favorable destination for Chinese investors either as a production base or a new market. Potential opportunities for Chinese investors in India Infrastructure, high-speed trains, smart cities, manufacturing, pharma, IT, Ecommerce, etc. What issues and obstacles need to be addressed to pave the way for Chinese investors? Host
Claude Smadja, President of Smadja& Smadja
Invited Guests
Hong Qing, Director of Industrial and Commercial Bank of China Limited, Mumbai Branch
Li Furan, General Manager of Tata Group China
14:00-15:15 Panel 8 China’s internet companies addressing the competitiveness challenge in global markets
Despite their incredible success in the domestic market, Chinese internet companies are encountering challenges in exploring international market as they find the formula formed in China is hard to replicate in other countries. They must create new products, strategies and marketing plans for a bigger market shares in both emerging and developed countries. What should be the focus of international expansion for Chinese Internet companies? What product strategy would help best Chinese internet companies in achieving a greater market share in developed countries? How could acquisition of foreign Internet companies help achieve a significant share in international markets? Host
Wang Xin, CCG Vice President
Invited Guests
Alan Cole-Ford, CEO of eChina Cash
Gao Hongbing, Vice President of Alibaba Group
Jia Yueting, Chairman of LeTv Information and Technology Company
Liu Qing, President of Didi Taxi
Mo Tianquan, Chairman of Sou Fung Holdings Limited
Lu Xingdong, Chairman& President of Longs Cultural Industrial Investment Group
Wang Duanrui, Chairman of Wei Dong Group
15:30-16:45 Panel 9 The social responsibility and its challenge to Chinese overseas enterprises
In recent years, corporate social responsibility has gradually become a hot topic at home and abroad, of which fulfilling overseas responsibility has become an important concern for Chinese enterprises to go out. To legitimate domestic business, increase competition ability, enhance soft power, and to create a good market environment as well as win good brand reputation, fulfilling the social responsibility is the only way which must be passed for Chinese enterprises Host
Miao Lu, CCG Secretary-General
Invited Guests
David Zweig, CCG Vice President, Dean of Center for China's Transnational Relations in Hong
Kong University of Science and Technology
Sun Weijia, Director of the Second Councilor’s Office of the State Council
Wang Zhenyao, Director of China Philanthropy Research Institute at Beijing Normal University
Zou Ming, Vice President of Phoenix New Media Business, Chief Editor of ifeng.com
15:30-16:45 Panel 10 Do Chinese companies need to be concerned by a backlash against globalization?
Globalization is coming to a crossroad in the eyes of some political leaders and economic analysts because of the slowdown of global trade growth, the rise of populism and protectionism in some countries, the failure of any new international trade arrangements and the louder and louder voice against existing world trade system. How deep is this backlash and to what extent could it influence China’s outbound investment? What can Chinese corporations do to limit the potential damage, or the constraints on their international strategies that this trend could create if it were top continue? Host
Lu Jinyong, Professor of International Business School in the University of International Business and Economics, Director of Center for FDI
Invited Guests
Howard H. LI, CEO of Waitex, Executive President of US Committee of 100
Huo Jianguo, Former President of Chinese Academy of International Trade and Economic
Cooperation
Kenneth Jarrett, Chairman of American Chamber of Commerce in Shanghai, Former General
Consul of the United States in Shanghai
Ouyang Xiaoming, Secretary-General of All-China Federation of Industry and Commerce
Wang Huiyao, CCG President, CAIEC Vice President
Yang Ping, Director of Longway Foundation, President of BCR Periodical Office
Zheng Yongnian, Director of CCG Academic Committee, Director of East Asian Institute, National
University of Singapore
17:00-18:15 Plenary Session3 One Road One Belt as a major driver for M&A activity: Which projects, what financing, which companies?
The One Belt One Road initiative, or called as 21st Century New Silk Road, will boost China’s international investment, which also create co-investment opportunities with foreign-invested companies in China. Railways transport, power, infrastructure are the highest priorities, but sectors such as consumer goods and IT sectors will soon find their markets. Host
Huang Rihan, Executive Director of OBOR Institute of CCG
Invited Guests
Cao Renxian, General Manager of Sungrow Power Supply Company
Chi Fulin, President of China Institute for Reform and Development
Gao Jifan, Chairman& CEO of Trina Solar Company
Li Lei, Vice President & North Asia President of SABIC
Li Xiaopeng, Executive Chairman & President of Dewe Holding Group
Sun Weijia, Director of the Second Councilors’ Office of the State Council
Zhou Hualong, Chairman of DHC Holding Group
18:15-19:00 Closing Banquet
Guests
Claude Smadja, President of Smadja& Smadja
Wang Huiyao, CCG President, CAIEC Vice President