On November the 29th, the 5th CBBC China Outbound Conference 2017 was held in Shenzhen. The conference was held jointly by CBBC, CCPIT Shenzhen Division, and CGP Investment, and is one of the largest in scale economic and trade exchange event of the highest level. CBBC president Lord Sassoon, Shenzhen Municipal deputy mayor Gao Ziming, the Ministry of commerce international trade and economic cooperation research institute Gu Xuemin China, British embassy minister and the British international trade department director Richard burn, the city of London Meng Ke Lin, director of the government's policy and resources committee attended the meeting. Chairman Mr Jiang mingming and President zhang Yang delivered the keynote speeches respectively.
Shenzhen Municipal deputy mayor Gao Zimin
Shenzhen Municipal deputy mayor Gao Zimin stated that since China and Britain first established diplomatic relations 45 years ago, the economic and trade cooperation between the two countries have deepened continuously and has been a vital boost to promoting economic growth. China and Britain share great prospects for collaboration in areas such as technology innovation, financial service, innovation, high-tech manufacturing. Shenzhen’s innovation-friendly environment has nurtured a lot of innovative global companies. Shenzhen values greatly its economic and trade cooperation with Britain and will devote to building a more business-friendly environment to establish a bridge and platform for cooperation between the two countries.
“Capital + Innovation”=”All-win”
Currently with the world at a time for great progress and change, we are confronted with unprecedented opportunities and challenges. Since 2012, Britain has been China’s most popular investment region in Europe. Until now, China’s non-financial investment in Britain in areas such as healthcare, infrastructure, technology, retailing, entertainment and sports have reached a total of 18 billion USD. Britain is also one of China’s largest overseas merger and acquisition destination in Europe, and the second largest in the world.
CBBC Chairman Lord Sassoon
CBBC Chairman Lord Sassoon stated that, Britain has led the global technology innovation, and is in particular a pioneer in Industry 4.0 revolution in areas such as artificial intelligence, robot technology, nanotechnology, IoT, and autopilot. Under supporting policies such as China’s “13th Five-Year Plan‖”and “Made In China 2025”, more and more Chinese investors are attracted by Britain’s role as the world’s leading research and innovation center, the combination of China’s capital with Britain’s innovation would lead to a win-win situation.
Judging from its domestic layout, CGP Investment has been serving substantial economy with financial industry, with a major focus on strengthening economic quality. International-wise, CGP Investment has devoted to innovating cross-border investment, forming a global network of trade, investment, financing, production, and service. On one hand, “bringing in” leveraging capital. On the other hand, optimizing innovation service and “going out”. Leveraging its position as a FOF manager, CGP Investment is widely working with enterprises and fund domestic and overseas to help platform enterprises and listed companies expand business overseas.
CGP Investment Chairman Mr Jiang Mingming
CGP Investment’s Chairman Mr Jiang Mingming stated that, as a leading FOF, CGP Investment has been exploring an all-win cooperation model with all global funds and enterprises, propelling “one belt one road” construction with capital. CGP Investment will also set up an overseas “one belt one road” fund, boosting synergy between domestic and overseas as well as east and west by concrete action; supporting the CBBC China Outbound Conference 2017 with CGP’s network, and, together with our partners, building a platform for the cross-border investment and cooperation between China and Britain.
Statistics from the Ministry of Commerce indicated that until the end of 2016, the accumulated direct investment of British companies in China has exceeded 21 billion USD, and China’s direct investment in Britain more than 17 billion USD. Just in 2016, China’s direct non-financial investment in Britain is more than 1.2 billion USD.
City of London Corporation's Chairman of Policy and Resources Committee Catherine McGuinness
Currently, City of London is a buzz phrase in finance industry. London is not only a global financial center but also a financial innovation center. City of London Corporation's Chairman of Policy and Resources Committee Catherine McGuinness stated that, there are more investment into Britain devoted to innovation of finance technologies, as City of London renders a better ecosystem. Last year, City of London established a group with China’s green committee and has set up criteria and platform to allow companies to issue green bonds and achieve the goal of green finance.
Fund + British creativity sharing consumption premium
Minister and Deputy Head of Mission at the British Embassy in Beijing, Martyn Roper
Minister and Deputy Head of Mission at the British Embassy in Beijing, Martyn Roper stated that, Britain is developing innovative economy at full tilt, which will enable Britain to provide better infrastructure, more skillful talents, and improved investment and business environment. Currently Britain has set up a 1.7 billion GBP city transformation fund, which will be used to improve the traffic system and boost local economic growth. In the future, Britain will be investing more into infrastructure, continuously developing new energy, and developing 5G network in a global scale. Moving forward, Chinese investors are welcomed to invest in various areas in Britain.
Britain is the first country in the world that came up with the concept of “creativity industry“. ”Creativity Industry“ has become the second largest industry in Britain after Financial Services, helping Britain transforming from “World Factory” to “World Innovation Center”.
CGP Investment President Mr Zhang Yang
China is also forming a mainly private or mixed owned world-class enterprises, such as Tencent, Alibaba, Baidu, JD etc.. The strategy of “Internet +” and “Mass Entrepreneurship and Innovation” have been a great boost toward China’s economy transition. Creativity industry is changing everyone’s life and building up a new industry ecosystem.” Stated Mr Zhang Yang, President of CGP Investment.
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