China Minsheng Investment Corp., Ltd. (hereinafter referred to as "CMIG") invited dozens of outstanding private enterprises in competitive industries of China to meet together in South Korea's Jeju Island on July 18-19, 2015. This event is designed to thoroughly explore into the ways of implementing the "One Belt One Road" strategy, and rapidly pressing ahead with the Association of Southeast Asian Nations (ASEAN) CMIG Industrial Park project. This is the second "One Belt One Road" cross-border investment activity organized recently after the business exchange meeting with local political and commercial heavyweights held in Singapore in early-July. It signifies that CMIG has successfully rationalized the innovative business model in Southeast Asia's area of investment, and that the investment in CMIG Indonesian Industrial Park by Chinese private capital is on track to be launched across the board.
Against the backdrop of economic globalization, Chinese economy is rapidly integrating with the world economy which also calls for more Chinese elements, thereby promoting the all-round and balanced socio-economic development across the world. As the representative of China's private capital, CMIG follows China's "One Belt One Road" and "Going Global" strategies, guides China's private capital to go global together and promotes China's industrial upgrading and economic transition based on its top two operational features -- full-range of financial licenses and industrial integration. Since its establishment on May 9, 2014, CMIG has engaged international professional institutions, eminent politicians and Nobel laureate, and initiated its "One Belt One Road" international investment strategy project. At this point, CMIG has entered into extensive strategic partners with the political and business communities of ASEAN countries, and Chinese firms in relevant industries. 20-plus prestigious private companies of China have reached investment intentions with CMIG, adding the expected investment to more than USD5 billion. By combining China's advantageous capacity with superior international resources, CMIG seeks to form a distinctive platform featuring industry-finance integration, and realize the international expansion, transition and upgrading of private economy.
The event witnessed the participation of many distinguished guests, including vice chairman of the All China Federation of Industry and Commerce (ACFIC), and CMIG Chairman, together with his operation and management team, and representatives from Sany Group, Tebian Electric Apparatus Stock Co., Ltd., Zongshen Industrial Group, international financial institutions (such as Hana Financial Group, Citi Bank and United Bank of Switzerland), and research institutes and governmental organizations (including Tsinghua University and the China Chamber of International Commerce).
CMIG's strategic decision on selecting Indonesia comes as a result of repeated demonstrations with McKinsey & Company, international organizations and advisory consultants, and field inspections. According to Willard McLane, Citi's Asia-Pacific head of FIG (financial institutions group), "Indonesia is a destination truly suitable for China to export productivities, especially at a time when China moves forward with the "One Belt One Road" strategy. We are optimistic about the plan of CMIG Indonesian Industrial Park because we believe CMIG, the largest private investment institution in China, is fit to serve as an initiator of China's foreign investment."
Tang Xiuguo, president of Sany Group, noted that "'Going Global' is the general trend of private enterprise development. However, without the overseas investment platform established by CMIG, it would be highly difficult for any single enterprise to venture abroad. Yet, with the platform available, private enterprises may share services and enjoy more smooth cooperation and negotiation with international financial institutions and other foreign partners. Trust underpins the market economy. Under the platform of CMIG, we have the issue of trust addressed, and will be bound to elevate the business efficiency."
Zhang Xin, chairman of Tebian Electric Apparatus Stock Co., Ltd., said at the event that CMIG's greatest advantage lies in its ability to integrate resources and bring together superior enterprises. "That CMIG truly brings together advantageous enterprises represents a great practice. Collaboration, together with the integration of Chinese and foreign funds, will empower us to boost industrial development."
CMIG Chairman pointed out that "The 'One Belt One Road' strategy is highly matched with the strategy of ASEAN countries, creating an unprecedented and rare opportunity for the development of private economy. Collaborative globalization of private enterprises can help realize large-scale development, while ensuring low costs, small risks, high efficiency, great benefits and strong competitive edge, and harnessing the synergy of private companies."
The CMIG Seminar in Jeju Island has further enhanced the consensus of participating investors, refined the steps of investment, and made clear the milestone of each step. It will accelerate the progress of the industrial park project, enable CMIG to build up an investment platform in Indonesia at an early date, through which Chinese private companies will be better-positioned to expand internationally. On top of that, this meeting will also promote the transfer of advantageous capacity of private companies, and achieve the transition and upgrading of private economy.
List of some participating enterprises and third-party institutions:
Sany Group Co., Ltd.
Tebian Electric Apparatus Stock Co., Ltd.
Zongshen Industrial Group Co., Ltd.
China Kingho Energy Group Co., Ltd.
Tangshan Ganglu Iron & Steel Co., Ltd.
Sino Giant Group Co., Ltd.
Hongshi Holding Group Co., Ltd.
Guangxi Jinwuyue Energy Group Co., Ltd.
Xinfa Group Co., Ltd.
Shanxi Baoshan Mining Industry Co.,Ltd.
Tianjin Julong Group Co., Ltd.
Herun Group
Beijing Yirun Chuangzhi Investment Management Center
Citi's Asia-Pacific Financial Institutions Group
United Bank of Switzerland Asia Investment Banking
Tsinghua University
China Chamber of International Commerce
United Overseas Bank Head Office