Welcome!

News Feed Item

China Going Global Think Tank Kicks Off with CEO Forum In Beijing

Lord Mandelson, top experts in strategy, finance, law, and branding offer expertise to Chinese companies with international ambitions

BEIJING, March 21, 2014 /PRNewswire/ -- China Going Global (CGG) - the country's first think tank on issues facing Chinese companies expanding overseas - today hosted Chinese chief executive officers and other senior managers at its first forum here.

The two-day event, China Going Global Outbound Investment and M&A Forum: What Every CEO Should Know, welcomed 50 top international experts to give advice on how Chinese enterprises can master the rules of the game and manage common risks as they go global.

Lord Mandelson, former European Union trade commissioner and currently Chairman of the Global Counsel consultancy firm, was the keynote speaker. He noted that in making acquisitions overseas, Chinese companies must often pay a "China premium" due to perceptions or uncertainties about their working styles and their reputation for being cash rich. He advised companies to look beyond the "win-win" for themselves and the companies they work with and make a special effort to communicate the benefits they bring to communities, employees, and other stakeholders in new markets.

Chinese outward foreign direct investment is expected to rise to US$150 billion per year by 2015, but a high proportion of attempted overseas investments fail, with most companies here still in their infancy in understanding foreign markets, formulating strategy, and executing plans for international expansion.

The CGG is the first think tank dedicated to research on these topics. It was founded by four leading Chinese companies: CITIC Securities, ShineWing Certified Public Accountants, Zhong Lun Law Firm, and BlueFocus Communication Group.

Also today, the CGG released the first two volumes of China Going Global Observer, a series of books published by China Machine Press on strategy, finance, law, and brand. The first volume focuses on outbound investment in the energy and minerals sectors and the second is devoted to international M&A in the manufacturing industry. Three more volumes will be published by next year.

The CGG also launched its official website (www.cggthinktank.com) and its public WeChat account.

About the CGG's four founding members

Investment Bank - CITIC Securities

CITIC Securities was founded in October 1995 and is headquartered in Shenzhen. It is the first Chinese investment bank to be listed on the Shanghai Stock Exchange (SSE Code 600030) and Hong Kong Stock Exchange (HSE Code 6030) and its services extend across the entire Chinese market. CITIC Securities covers the full range of service categories in the securities market, including brokerage, underwriting and sponsoring activities, proprietary securities business, asset management, securities investment consulting, and securities margin trading. 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.

Accountants - ShineWing Certified Public Accountants

ShineWing is a Beijing-based accounting firm with 30 years' history, making it one of the first domestic accounting firms founded in China. It has 19 branches in mainland China and four outside of China in Hong Kong, Japan, Singapore, and Australia. It is the first Chinese accounting firm to set up offices overseas and to have merged with groups from a western accounting firm with a hundred-year history. It has established an international network in partnership with leading independent accounting firms internationally. ShineWing has approximately 4,000 finance and accounting experts in mainland China and 800 professionals outside of China. With the highest level of qualifications in all industries, it is regarded as one of the highest rated and most professional accounting firms in China. It is also one of the initial 12 accounting firms that received a license to conduct auditing services for H share companies by the Ministry of Finance and the China Securities Regulatory Commission.

Lawyers - Zhong Lun Law Firm

Founded in 1993, Zhong Lun is one of the largest full service law firms in China. It has over 160 partners and about 700 professionals, with offices in 10 locations inside and outside of China. With all its teams working in close cooperation, and in partnership with leading international law firms, Zhong Lun endeavors to provide solution-oriented services of the highest quality and efficiency for outbound and inbound investment and business. Zhong Lun is the first Chinese law firm to have a team specialized in outbound investment, comprised of lawyers with educational backgrounds and qualifications in a number of jurisdictions around the world. It has established a global network of offices and partner law firms. The team is fully experienced in outbound investment and has assisted Chinese clients with investments all over the world. The team's practice disciplines cover all categories of clients, including state-owned investors and privately owned investors, commercial banks, investment banks, governmental institutions, and all industry sectors, including oil and gas, power, alternative energy, railway and transportation, mining, telecommunications, manufacturing, and high-tech.

Branding - BlueFocus

BlueFocus Communication Group is the market leader for brand management solutions in the Chinese market. The Group's major service offerings cover digital marketing, public relations, advertising, event management, and international businesses. BlueFocus was established in 1996 in Beijing and was listed on the Shenzhen Stock Exchange/Growth Enterprise Market (300058.SZ) on February 26, 2010. Its major subsidiaries include BlueDigital, Insight PR, Best Choice, Phluency, Dentsu BlueFocus, SNK, Eyes Media, Kingo Advertising, Bojie Media, BlueStrategy, and We Are Social. BlueFocus provides services to over 800 multinational companies and leading Chinese enterprises. Its clients include more than 40 Fortune 500 companies in the IT, automobile, consumer goods, real estate, Internet, finance, and entertainment industries. Headquartered in Beijing, BlueFocus has four regional branches and 23 local offices in the Chinese mainland, as well as a global network that covers Hong Kong, Singapore, North America, and Europe. The Group employs approximately 3,000 people worldwide. Revenue in 2012 reached RMB 2.17 billion.

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
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
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.
Is it possible to migrate 100% of your data ecosystem to the cloud? Join Joe Caserta as he takes you on a complete journey to digital transformation mapping out on-prem data footprint and walking it to the cloud. Joe will also explain how the modern ecosystem supports Artificial Intelligence and will include business use cases to back each of his insights.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.