2015/04/18

CMIG Won the Best Innovation Organization Award Granted by the 21st Century Business Herald

On April 18, China Minsheng Investment Corp., Ltd. (hereinafter referred to as "CMIG") was invited to attend the Second China Cross-border Investment and M&A Summit hosted by the 21st Century Business Herald, a well-known financial journal in China. It was awarded with the Most Innovative Institution Award at the Summit.

Wang Yunfan, deputy editor-in-chief of the 21st Century Business Herald and CEO of Morning Whistle Group, indicated in the award announcement that "we believe there is one institution which couldn't be by-passed in the cross-border investment and M&A field in 2014. It's China Minsheng Investment Corp., Ltd., winner of the Most Innovative institution Award."

According to Wang Yunfan, "as the only one private capital investment company with "China" in its name, CMIG fully leverages on its comprehensive advantages in cross-border M&As, including resource integration, capital strength, diverse undertakings and management output, gives preference to key target industries and launches strategic consolidation, and puts in place a sustainable and strategic business model. CMIG creatively integrates 'finance' and 'industry', the two major segments, and blazes a new trail as Chinese institutions 'go global'".

Liao Feng, executive vice president of China Minsheng International Holdings Ltd., was invited to deliver a keynote speech at the Summit, which is entitled "Industry-Finance Integration Breaks A New Ground in the Cross-border Investment Mode".

During his speech, Liao Feng shared his insights on the layout and considerations of CMIG in the field of overseas investment in the past year since its inception, and introduced CMIG's partnership with Chinese private companies in investing to build Indonesia CMIG Industrial Park.

He noted that "CMIG has found the success modes of Japan and South Korea after looking into the historical experience of other countries in 'going abroad', which would have been impossible without the 'clustered' endeavor of their companies. Enterprises of the same industrial chain may work with and support each other to make overseas investment, and once issues crop up, they may jointly coordinate with the local government, which makes things much easier."

"Therefore, CMIG believes that leading advantageous Chinese private companies to 'go global' in the mode of cluster-type development by establishing industrial park could effectively cut back on the risk of overseas investment and operation private companies will be faced with, promote and speed up their pace of 'going global'. During this process, key enterprises will take the lead, attract upstream and downstream industrial chain to transfer and invite associated industries to make synergistic arrangement, and form chain-type industrial transfer. This could not only accommodate the investment demands of private companies, but also drive the economic and employment development in the locality of the industrial park and provide substantial tax revenue for the local government," Liao Feng said.

The Summit was featured by the participation of nearly 500 elites and guests from over 20 countries and territories, including Chinese buyers, global sellers, top banks, investment banks, law offices, accounting firms, financial advisers, asset appraisal agencies and other professional M&A service providers. Among others, Fosun International, Anbang Insurance, Lenovo Holdings, Industrial and Commercial Bank of China and other well-known Chinese investment and financial institutes were present at the Summit.