On October 12, 2016, CMIG President Li Huaizhen briefed the media on the development mode and strategic planning of the group just before the third conference of the CMIG Global Advisory Council (GAC). He pointed out that the CMIG Mode is a great invention led by the All-China Federation of Industry and Commerce and is playing a leading role.

GAC members including Stephen Orlins, Alistair Michie, Roland Berger, Angus Deaton and Romano Prodi also accepted interviews of mainstream media in Shanghai. They shared ideas on how Chinese enterprises should deal with challenges and grasp opportunities in the global change.

President Li Huaizhen: CMIG Mode Is A Great Invention

During the news conference on October 12, CMIG President Li Huaizhen claimed that the CMIG Mode is a great invention led by the All-China Federation of Industry and Commerce and is playing a leading role.

"The CMIG Mode can be deemed a great invention led by the All-China Federation of Industry and Commerce, because China's private enterprises were all going it alone with scattered forces in the past. CMIG is China's largest investment group completely consists of private enterprises and the first of its kind," said Li. “Since its founding two years ago, CMIG has always been acting as a leader obviously. In China, private investment companies like ZUIG, Jiangsu Private Investment, Xiamen Private Investment and Guangdong Private Investment have been founded successively. China's private economy has ushered in a new era after decades of development. The new model created by CMIG namely a capital aggregation and cluster development has shown its powerful and sustainable vitality.”

He added that despite the slowdown of China's private investment growth in recent years, the CMIG asset has grown for 5 times over the past two years from CNY 33.5 billion to CNY 200 billion, testifying the vitality of the new mode. "Although our group and the private investment companies in other the provinces are independent entities without any equity relationship, but we certainly have related businesses. CMIG is itself a concept of joint development. Therefore, it is a favorable choice for us to work with other private investment companies for common development, which should also be included in our strategies," said Li.

Stephen Orlins: CMIG Represents Overseas Investment Trends of Chinese Private Enterprises

Stephen Orlins, member of GAC, as well as President of National Committee on United States-China Relations, witnessed and promoted the Sino-US diplomatic relations three decades ago.

Orlins said in an interview on October 12, that ten years ago, the vast majority of China's investment in the United States was from state-owned enterprises, private enterprises investing quite small. However, compared with the situations ten years ago, private enterprises have become the mainstream investors. With 60 shareholders, CMIG is able to represent the overseas investment trends of private enterprises, and also has establishes a good model of private investment in the United States.

He said the United States welcomes foreign investment in general, and even holds greater enthusiasm for Chinese private enterprises than the stated-owned enterprises. CMIG has established a global financial investment platform, in order to promote China's entry into the international market. There is no doubt about it. So, the United States is very optimistic about the prospects, trends and development of CMIG.

Alistair Michie: CMIG Will Be A Financial Group with Global Influence in the Next 5 to 7 Years

In an interview in Shanghai, Secretary General of GAC as well as the British East Asia Council, Alistair Michie, shared the strategies for Chinese enterprises to move towards the internationalization, and confirmed the leading role that CMIG played in Chinese enterprises going global.

Alistair Michie recalled the deep impression left by Chinese enterprises during his 20-years’ staying in China. He believed that CMIG has a very innovative enterprise architecture, not only in China, but also in the world. Since CMIG gathers Chinese outstanding private enterprises in China as its shareholders, and pushes towards internationalization together, it can greatly reduce the risk and cost of investment.

At the same time, CMIG established the GAC. Interacting between the domestic layout and foreign strong business network can help CMIG find the best opportunities in the global scope and give full play to the leading role in Chinese enterprises going global. He expected CMIG to become a financial group with global power and influence in the next 5 to 7 years.

Roland Berger: CMIG Will Definitely Contribute to “The Belt and Road Initiative”

Roland Berger, member of GAC, as well as the founder of Roland Berger Strategy Consultants, said in an interview on October 12, that “The Belt and Road Initiative” is a very important opportunity for Chinese private enterprises and institutions, which is not only in support, but also in benefit. So, CMIG, as a very important non stated-owned financial institution, should definitely support “The Belt and Road Initiative”; on the other hand, it should not only actively work with the Chinese government and Asian Infrastructure Investment Bank (AIIB) to benefit the group, but also strengthen the cooperation with countries along the Maritime Silk Road and the Silk Road on land.

In the view of Roland Berger, CMIG is a very powerful and important financial institution. With registered capital of CNY 50 billion and assets of CNY 200 billion, its strength and scale make it a leading power in global financial sector, and it is expected to make decisive contributions to “The Belt and Road Initiative”. 

He also suggested that, “The Belt and Road Initiative” covers a lot of countries, from China to countries in Europe, Africa, and other countries in Asia. Different countries have different cultural, political and commercial systems; thus, Chinese enterprises must have a strong financial mechanism and plenty business knowledge in the process of going global.

Angus Deaton: Highlights and Opportunities for Investment Still Exist in the Economic Slowdown

Being the 2015 Nobel Laureate in Economics, Angus Deaton makes an important contribution to the analysis of consumption, poverty and welfare. He is a new member of GAC this year.

Deaton said, as a "super star" with economic growth in recent years, China's economic situation has declined in the past few years. However, he believed that the growth rate of China's economy is still worth the appreciation of most countries in the world. He pointed out that in the global scope, there are some highlights and opportunities for economic growth and investment. For example, India maintains the momentum of the economy, and enjoys many opportunities for investment and economic growth.In addition, compared with the past twenty or thirty years, Japan has also realized brilliant achievements in economic growth.

In particular, he stressed that the global economy can be seen as a moving car from a very long - term perspective. Although this road is bumpy, yet when we look back over the past 50 years or even 250 years, we find that the global economy has made tremendous progress, especially for China where this growth will continue to maintain in the long run."So, many parts of the world -- not every but most places begin to or are witnessing economic growth."

Romano Prodi：CMIG Is An Outstanding Representative of China’s International Enterprises

GAC member Romano Prodi is the former President of the European Commission and once served two terms as the Prime Minister of Italy. Prodi said in an interview, that the present China and the past China cannot be mentioned in the same breath. Nowadays, there are many large multinational companies in China willing to invest a lot in the development, research and innovation.

He pointed out that a more international China means that there must be important Chinese roles making a difference in the markets of Europe and the United States. Similarly, to become a heavyweight role, it is a must to have a global vision and planning. This is why we see a change occurring: previously, European countries and the United States invested in China; but now, it is China’s turn to entry into the markets of Europe and the United States.

He regarded that CMIG is an outstanding representative of Chinese enterprises that are positively explore the overseas market.

Although there are a lot of markets, Prodi believed that the European market should be the priority to consider, in that investors have a variety of options in the European market: Romania and Bulgaria lead the market of low cost; Germany and Italy have advantages in the fields of equipment and tools related to scale machinery; Italy is famous for food. Thus, same market offers a wide range of options.