Welcome!

News Feed Item

Paving the Way for the Acceleration of the Globalization of Chinese Enterprises - Announcing the Launch of the "CGG Think Tank" by a Cross-disciplinary Professional Team

BEIJING, March 14, 2014 /PRNewswire/ -- The first think tank on Chinese outbound investment - China Going Global or CGG - was founded recently by CITIC Securities, ShineWing Certified Public Accountants, Zhong Lun Law Firm and BlueFocus Communication Group.  The purpose of the CGG Think Tank is to harness the expertise of China's leading professional consulting services and branding/communications services firms on a cross-disciplinary basis to assist Chinese enterprises as they expand globally.

The CGG Think Tank will be officially launched at an international seminar on outbound investment to be held in Beijing on March 20-21, 2014.  The theme of this "China Going Global Outbound Investment and M&A Forum" is "What every CEO should know: Strategy, Finance, Law, Branding."

The main sessions of the forum will include the founders and/or CEOs of each of the four CGG founding institutions as well as international speakers from leading global professional organizations.  Lord Mandelson, former trade commissioner of the European Union, and currently Chairman of Global Counsel, a leading government relations advisory firm, will be a special guest and keynote speaker at the CGG conference.

The operations-oriented sessions of the seminar are further divided into two separate tracks - "Natural Resources and Infrastructure Projects" and "Manufacturing and Service Sectors," reflecting the two key categories of Chinese outbound investment to date.  Top experts from the four founding professional institutions of the CGG Think Tank and their international counterparts from around the world will provide Chinese entrepreneurs with practical advice on how Chinese enterprises can avoid common risks to achieve success as they go global.

At the CGG launch event, the CGG Think Tank will unveil additional elements of its broader platform, including:

  1. publication of two books focusing on outbound investments by Chinese companies in each of the natural resources/infrastructure and manufacturing/service industry sectors; and
  2. launch of a new online and social media information platform for Chinese outbound investment.  

CGG aims to offer a one-stop service platform for Chinese enterprises going global covering all key professional service areas, including strategy, finance, law and branding.  The two CGG books to be published at the launch will be the first in a continuing series.  Future volumes are slated to focus on the financial services sector, Chinese outbound investment in the other BRICS countries, intellectual property, and other management related topics.  The CGG online information platform will include not just content from the four founding professional services organizations and their cooperation partners around the world, but will also aggregate practical information on outbound investment in more than 80 countries around the world from a wide variety of public sources.  The CGG platform will also be host to a continuing series of seminars, multimedia training courses, and data information alerts through the CGG's public WeChat account.  The CGG platform will also provide a forum for presenting investment opportunities around the world. 

The initial distribution of the CGG content will reach approximately 40,000 senior business managers and government officials across all regions of China.  All of the core CGG content will be provided free of charge to the target end users.  The objective is for CGG to become one of the primary resources for senior managers in Chinese enterprises to provide them access to the full range of information and practical guidance they need to successfully manage their international investments and business activities.    

Robert Lewis, CGG's chief international adviser and senior international legal consultant at Zhong Lun Law Firm, states, "Chinese enterprises do not always fully understand the potential political risks, business risks and legal risks of doing business overseas.  There is a well-known Chinese saying - wade across the river by feeling one's way on the stones, which refers to learning from experience.  This is the way many Chinese enterprises approach international investment projects, but if each Chinese company employs this approach in respect of its outbound investments, too many will experience serious problems.  By combining the professional capabilities of the CGG founding partners across the full range of professional disciplines, CGG is able to pull together all of the relevant expertise, experience and information onto a single platform that can be a one-stop resource for Chinese companies going global."

Yan Jianlin, member of the Board Executive Committee and director and general manager of CITIC Securities, notes, "CITIC Securities is expanding globally to keep pace with the globalization of the Chinese economy and Chinese enterprises.  CITIC Securities is the first Chinese investment bank to have a separate M&A department, and in 2007 we formed a special team for outbound M&A with a presence in mainland China, Hong Kong, New York, London and Toronto.  In 2013, CITIC Securities acquired 100% of the shares of Credit Lyonnais Securities Asia (CLSA) Asia-Pacific Markets.  In combination with partners in America and Europe, CITIC Securities now has its own network and professionals across all of the major markets in the world, and has concluded over 30 outbound M&A deals in recent years.  We are pleased to be a founding partner of the CGG platform, and look forward to working with the other professional firms in CGG to contribute to the success of Chinese enterprises going global."

ShineWing Certified Public Accountants provides the accounting expertise for the CGG platform.  It is the first China-based accounting firm to set up offices overseas, with offices in Hong Kong, Singapore, Japan and Australia, and also has bolstered its international capabilities through a merger with the China- and Asia-based groups of a leading international accounting firm with a hundred year history.  Its service offering now extends to reach all major areas in the world through its international cooperation partnerships.

Zhang Ke, Chairman of ShineWing, states, "Chinese enterprises are facing challenges from the perspectives of financial and taxation risk management and assessment and selection of the most favorable financing and transaction framework.  We find that more and more of our Chinese clients strongly prefer to work with their China-based professional advisors for outbound projects.  ShineWing intends to help more Chinese enterprises become more active and important participants, and even leaders in the global market through our participation in CGG."

The legal aspects of Chinese outbound investment are covered by CGG co-founder Zhong Lun Law Firm, which was named by Chambers Asia Pacific as PRC Law Firm of the Year for both 2011 and 2014, and for the past three consecutive years has been the top-rated Chinese law firm in the overall rankings by Chambers.  Zhang Xuebing, the founding partner of Zhong Lun, states, "Legal services are a necessary complement to the overall strategy of Chinese enterprises going global.  Zhong Lun is the first Chinese law firm to form a team specialized in assisting our Chinese clients in respect of their outbound investment projects, and this team is now comprised of nearly 20 bilingual senior international lawyers who previously were partners or equivalent in leading international law firms, supported by another 50 or more lawyers with qualifications in both China and either the US, UK, Hong Kong, France, Canada, Australia, or other key international jurisdictions.  This international investment team is based principally in our Beijing, Shanghai, Hong Kong, London, New York and Tokyo offices.  At the same time, we have set up a network of leading law firms in more than 100 countries and territories with which we cooperate closely in respect of cross-border investments and transactions involving Chinese companies across a wide range of industries, including oil and gas, power, alternative energy, railway and transportation, mining, telecommunications, manufacturing, high-tech and entertainment sectors.  We look forward to being able to better serve our Chinese clients as they go global through cooperation with the other experts comprising CGG."

The branding management experts of CGG are from BlueFocus, the largest communication group in China.  Mao Yuhui, President of Blue Focus, states, "Branding communication is something that Chinese enterprises may often overlook when going global in comparison with the management attention typically paid to issues of strategy, finance and law.  It is time for Chinese brands to become global brands and to keep pace and even lead the global expansion of the products and capital from Chinese enterprises.  This affects not only a company's international business in the long-run, but also is critical in respect of the management of public relations crises as they may arise in the context of the international operations of Chinese businesses.  In recent years Blue Focus has invested in and acquired offshore branding and media companies, complementing our already strong international resources in order to assist Chinese enterprises communicate effectively with other international parties and build Chinese brand names.  We are very enthusiastic about our role on the CGG platform, and look forward to working with the other CGG founders to provide Chinese enterprises with more tools for success as they go global."

SOURCE BlueFocus Communication Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...