Share the Meeting of Minds, Move Forward to A Better Life
Share the Meeting of Minds, Move Forward to A Better Life
— Jiang Xipei was invited to attend Boao Forum for Asia 2019
Author: Man Man Published: March 29, 2019 Hits: 193
On the afternoon of March 29, the opening of Boao Forum for Asia Annual Conference 2019 Closing Press marked the successful closing of the Boao Forum for Asia (BFA) 2019 themed as“Shared Future, Concerted Action, Common development”. And the “meeting of minds” came to an end officially.
Jiang Xipei, founder, Chairman of the Board and Secretary of Party Committee of Far East Holding Group, was invited to attend the BFA 2019. During the forum, he participated in a series of activities, such as the Opening Plenary, Dialogue with Li Keqiang, Premier of the People’s Republic of Chin[u1]a, “CEO Roundtable: Private Entrepreneurs Roundtable”, “Greenfield, or M&A?”, 2019 Boao Sina Finance Night — the Night Talking of Rushi Financial Research Institute[u2], Conference on Openness and Cooperation of Wuxi[u3], Brunch: “High-quality Development Reshapes the Industrial Pattern”[u4], Luncheon: “New Civilization and Future Consensus”[u5], etc.
On Overseas Investment: Seize the Opportunities “on Your Doorstep” First
On March 26, Jiang Xipei shared experience on risk control, policy guidance and cooperation in overseas investment on the forum “Greenfield, or M&A?”
Jiang Xipei delivers a speech on “Greenfield, or M&A?”
Jiang Xipei expressed that before an enterprise considered Greenfield, or M&A, it should first distinguish itself in its familiar market at home. Resources, talents, capital, target companies, destinations, etc., should be considered accordingly. It also needed to have a professional team, learn from the success of some benchmarking enterprises, attach importance to risk control and steadily and continuously develop the enterprise.
When talking about the synergy between international investment and the local market, Jiang Xipei pointed out that China had a large market, and Chinese enterprises should first make themselves count as one of the best at home, and then consider extending their businesses to the European market and the North American market. Far East was developing rapidly at a steady pace, but we still needed to do a good job in our main business. In addition, Far East had also invested nearly 340 companies over the years, 100 of which had been listed. As a Chinese enterprise, Far East was very optimistic about the domestic market, so did the acquisition and merger opportunities.
Jiang Xipei stressed that in seizing the opportunities “on the doorstep”, the emerging problems were also our opportunities. Only by solving the needs of customers, solving the pain points of the whole society and materially solving their problems, could the value of enterprises be reflected.
On Business Environment Optimization: Support Good Enterprises Regardless of Their Nature
A group photo of Jiang Xipei and other participants at BFA 2019
“Do not set restrictions and divide enterprises into central enterprises, state-owned enterprises, foreign enterprises and private enterprises. As long as it is a good Chinese enterprise, it deserves our support at full stretch.” In an exclusive interview from Tencent Finance, Jiang Xipei said this when talking about tax and cost reduction and dealing with financing difficulties for enterprises.
Jiang Xipei attended three symposiums under the State Council on May 5, 2017, August 10, 2018, and October 29, 2018, as well as symposiums of the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the State Administration of Taxation, the National Development and Reform Commission, and many other ministries and commissions. The relevant laws, regulations and policies on many of the issues he reflected have been gradually adjusted.
Jiang Xipei believed that the most important issue at present was the issue of confidence, the biggest cost was the institutional cost, and the most important thing was to develop together with our motherland, share one purpose from top to bottom and realize the unity of knowledge and action. To solve the problem, we still needed to plan and design from the top-level and from theoretical innovation to the optimization of specific laws and policies and better mobilize the entrepreneurial passion and enthusiasm of the common people and entrepreneurs.
Jiang Xipei stated that we needed to work together to create a better business environment, expand the breadth and depth of opening-up and reform and make Chinese enterprises more competitive worldwide. Everything had its merits and demerits, and small and micro enterprises and large enterprises were no exception. Therefore, we needed to work harder to let enterprises of different kinds learn from each other’s strengths and support the excellent enterprises.
On A Better Life: Entrepreneurs Bear A Heavy Burden of Responsibility
Jiang Xipei delivers a speech.
At 2019 Boao Sina Finance Night — the Night Talking of Rushi Financial Research Institute, speaking of the “beautiful new path”, Jiang Xipei expressed that the so-called “beautiful” was that from now on, our life, environment and other aspects would be better and better day by day.
“Under the reform and opening-up policy, some people get rich first. But realizing common prosperity cannot be forgotten.” He though, realizing the common prosperity was our final goal. We should not only be “rich” materially, but also be “rich” spiritually, and we should not only be “rich” at present, but also be “rich” everlastingly.
He stressed that entrepreneurs had an unshakable social responsibility and mission to improve the products and upgrade services through constant innovation and change. They should be able to meet the users’ constant pursuit and demands or even beyond their expectations. In addition, they should think with a global view and learn from competitors to avoid making the same mistakes that cost a lot.