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Shanghai Workers Series Meet Three Inspiring Expats Who Are Just Mad About Living and Working in Shanghai: Heather Kaye, Jamie Barys and Xavier Bernasconi

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Shanghai Workers Series Meet Three Inspiring Expats Who Are Just Mad About Living and Working in Shanghai: Heather Kaye, Jamie Barys and Xavier Bernasconi May 2015 Premier Li Keqiang ALSO INSIDE • Centennial Ball Snapshots • WeChat and Business A Balancing Act China’s plan to balance growth and build a more predictable business environment this year could benefit some multinationals but pose a burden to others Shanghai Workers Series Meet three inspiring expats who are just mad about living and working in Shanghai: Heather Kaye, Jamie Barys and Xavier Bernasconi 2015-5 cover.indd 1 15-4-23 上午9:01 MAY 2015 INSIGThe Journal of the American Chamber of CommerceH in ShanghaiT AMCHAM SHANGHAI 12 By Kathryn Grant PRESIDENT Centennial Ball Highlights Kenneth Jarrett 12 AmCham Shanghai kicked off our 100th anniversary year VP OF PROGRAMS & SERVICES with the Centennial Ball at the fabulous Peninsula Hotel Scott Williams VP OF ADMINISTRATION & FINANCE Helen Ren 16 DIRECTORS Shanghai Workers Series BUSINESS DEVELOPMENT & MARKETING 16 We continue our annual series with three dynamic expats Patsy Li who work in Shanghai. Meet Jamie Barys, Xavier Bernasconi COMMITTEES and Heather Kaye Stefanie Myers EVENTS Jessica Wu 26 GovERNMENT RELATIONS & CSR A Balancing Act Veomayoury "Titi" Baccam 26 By St. John Moore, Gordon Guo and Rachel Morarjee MEMBERSHIP & CVP Our cover story focuses on highlights from China’s Linda X. Wang legislative session in Beijing and ramifications for foreign INSIGHT companies EDITOR-IN-CHIEF Bryan Virasami 33 CONTENT MANAGER Look Before You Leap By Natalie Lowe Kathryn Grant 33 A social media expert explains why WeChat can give your SENIOR ASSOCIATE EDITOR company a boost and why it’s not for everyone Silvia Feng INTERNS Lois Delhom Anne Meredith Amanda Zhao INSIGHT standards DESIGN 5 Movers & Shakers 8 China Business Alicia Beebe PRINTING MONTH IN PICTURES EXECUTIVE MEDIA ROOM Mickey Zhou Highlights from recent events Favorite social media platform Snap Printing, Inc. 42 50 INSIGHT SPONSORSHIP INSIDE AMCHAM (86-21) 6279-7119 ext. 5667 Story ideas, questions or 40 From the Chair comments on Insight: Please contact 41 Board of Governors Meeting Bryan Virasami (86-21) 6279-7119 ext. 5668 45 Government Relations [email protected] Insight is a free monthly publication for the 46 Event Highlights members of The American Chamber of Commerce in Shanghai. Editorial content and sponsors' announcements are independent and do not necessarily reflect the views of the governors, CovER DESIGN BY MICKEY ZHOU officers, members or staff of the Chamber. No part of this publication may be reproduced without written consent of the copyright holder. Shanghai Centre, Suite 568 1376 Nanjing West Road Shanghai, 200040 China tel: (86-21) 6279-7119 fax: (86-21) 6279-7643 www.amcham-shanghai.org EDITOR'S NOTE n this issue, it’s safe to say we have a little bit for in Beijing. She focuses on implications for nearly everyone, especially in our Shanghai foreign companies and talks about initiatives that Workers Series, in which we profile a few Premier Li Keqiang prioritized during his policy Ipeople with unusual or interesting professions. speech at the meetings. If you like Kung Fu Panda or other animated We know that everyone, their friends and their movies you might enjoy the story about Xavier ayi use WeChat in China. But what use is it for a Bernasconi, who is part of the movie making CEO or a marketing team? Natalie Lowe goes in- operation at Oriental DreamWorks in Shanghai. depth and talks about ways companies can put this If you enjoy street food or any type of food – and tremendously popular instant messaging app to use who doesn’t – get some inspiration from Jamie for your company. At the same time, she explains Barys, an American who came to China to study that using WeChat won’t translate into automatic Chinese and then started a small business that rewards unless you come up with a sensible strategy provides walking food tours to hungry tourists. and not simply bombard your contacts. The series wraps up with Heather Kaye who Finally, if you missed AmCham Shanghai’s launched an environmentally conscious design Centennial Ball in April, we have highlights on company that produces swimwear and other page 12 and great photos from that special night. BRYAN VIRASAMI clothes from plastic bottles. Food, movies and Also visit our Insight website for more photos, EDITOR-IN-CHIEF clothes – things we can’t live without. stories, event roundups and a lot more. We get a bit more serious with our cover story. In our June Insight, we will celebrate the Rachel Morarjee of Brunswick Group and her Chamber’s 100th anniversary with a special issue colleagues have written a comprehensive analysis that will take you back in time. We promise you’ll of major outcomes from the legislative meetings find it exciting. h Insight_OCT_190x130mm_150409.indd 1 2015/4/9 16:14:54 MOVERS AND SHAKERS COMPILED BY JUNLING CUI Movers and Shakers highlights major personnel changes within the Chinese government at various levels and senior management-level movements within multinational companies in China. HULT Shaun R. Carver was recently promoted to Executive Director and Dean of Hult International Business School. Carver has worked in the international education industry for over 12 years. He joined Hult in June 2013. Prior to Hult, he founded a school called Pontes and worked there for five years. Pontes ran pre-university and pre-master programs designed to help Chinese students succeed in western universities. From 2002 to 2009, Carver worked in various leadership positions at ELM Education, the Sino-British College Shanghai campus, Tsinghua University and University of International Business and Economics in Beijing. Shaun is an active member of the Rotary Club in Shanghai and a strong supporter of social entrepreneurship programs. Shaun R. Carver PRIVATE SECTOR CONTROL RISKS Control Risks, a business risk consultancy, NADER ZYAEI recently named Mavis Tan Senior East West Associates recently promoted Managing Director in Control Risks’ Nader Zyaei to China Vice President & forensic investigations, compliance and Managing Director. Zyaei joined East West insolvency practice in Hong Kong. Mavis Mavis Tan Associates in January 2013. In his new role, served as a Senior Managing Director of Zyaei is responsible for business Nader Zyaei FTI Consulting’s forensic and litigation consulting practice based development, client relationships, project in Hong Kong from 2010 to 2014. Prior to that, she was a director execution and overall leadership and development of East West’s of Baker Tilly Hong Kong’s business recovery and forensic consulting team in Asia. Prior to East West Associates, Nader accounting practice. spent 12 years working in various leadership positions at the Heatcraft Worldwide Refrigeration division of Lennox International. In October of 2007, he moved to Shanghai to be GOVERNMENT the VP/General Manager-Asia of the company. Nader obtained Jiang Rui was named Vice Governor of his Bachelor’s degree in Industrial Engineering from SIUE in Liaoning province on April 13. Jiang became Illinois and his Master’s degree in Engineering Management the Vice Party Secretary of BenXi, a city in from the University of Missouri – Rolla. Liaoning in 2006. He was promoted to mayor of the city in 2007 and the Party Secretary at CFA INSTITUTE Jiang Rui the end of 2009. Jiang is from Liaoning and CFA Institute, the global association of has worked in the area his entire life. investment professionals recently appointed Paul Smith president and CEO. Smith has Feng Xinzhu was appointed Vice Governor more than 30 years of leadership experience of Shanxi province in April. Feng was the Paul Smith in the asset management industry, including mayor and the Party Secretary of over 18 years in Asia. He joined Bank of Tongchuan Municipal Government. He Bermuda in Hong Kong as Asia Head of Securities Services in has worked in Tongchuan since 2001. Prior 1996. Before joining CFA Institute in October 2012, Smith was to that, he worked in Shanxi Agriculture Feng Xinzhu chairman and CEO of Asia Alternative Asset Partners. Power Management Bureau. If your company has executive personnel changes, please contact Junling Cui at [email protected]. MAY 2015 INSIGHT 5 FTZ DIGEST HSBC and Baoxin Team Up HSBC, a major U.K.- based bank, became the first non-Chinese bank on March 17 to complete a transaction under new Shanghai Free Trade Zone (FTZ) rules governing offshore borrowing. The new rules came into effect on February 13, when the future to conduct seminars to brief Hong Kong enterprises on People’s Bank of China new Shanghai FTZ policy initiatives. They also plan to work moved to reduce pre- together to promote co-operation on financial intermediary approval requirements, services operating through the FTZ and encourage more cross- increase permitted border RMB business. The HKSAR already has a large footprint transaction types and within the FTZ. According to reports, Hong Kong–invested expand the amount of enterprises make up 46 percent of all foreign-capital invested funding that can be raised enterprises which have set up business in the FTZ since its by companies and banks launch. As of February, 1,265 such Hong Kong enterprises were operating within the FTZ. In the landmark deal, HSBC used its Free already operating within the zone. Trade Account (FTA) within the FTZ to borrow U.S. dollars from an offshore market, which it then lent to the FTZ-based subsidiary of Baoxin Auto Group at the offshore rate. As a result of the trade financing deal, worth about US$10 million, Baoxin’s funding costs Baker & McKenzie and FenXun First Joint Operation were reduced by 2% compared to the usual cost of traditional borrowing from onshore banks. Baker & McKenzie has become the first foreign law firm to According to its company website, automobile sales and successfully take advantage of recent legal reforms within the service group Baoxin is the largest BMW dealer in China and Shanghai FTZ, forming a Joint Opeation with Beijing-based the world.
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