Conscientious Chinese Enterprises’ Alliance Aiding Innovative and Efficient Business Development
The National Entrepreneurs’ Day event and Chinese Entrepreneurs’ Summit 2018, themed “spreading new-age entrepreneurial spirit and driving high-quality business development”, took place in Jiangyin City of Wuxi in Jiangsu Province on 6 June. A parallel sub-forum themed “gathering global resources and supporting business innovation”, as co-hosted by China Enterprise Confederation and DeTao Group, also took place at the summit, focusing on in-depth discussions of how to gather global resources to support business innovation against the background of worldwide collaboration.
Over 200 people attended the summit, including Zhu Hongren, Executive Vice-Chairman and Director General of China Enterprise Confederation/China Enterprise Directors Association (CEC/CEDA); Xie Youbo, member of the Chinese Academy of Engineering and professor and PhD supervisor at Shanghai Jiao Tong University; Fang Kun, Deputy Chairman of CITIC Guoan Investment Company; Chi Yu, Deputy Secretary-General of Beijing Tianjin Hebei Development Zones Innovation League; Executive Council of Collaborative Development Alliance of National Economic and Technological Development Zones Along Yangtze River Economic Belt; Han Baofu, Head Engineer at Shanghai Caohejing Hi-Tech Park; Luo Yan, Deputy Director of Yili Group; James Chang, Managing Partner of China Financial Services Consulting Practice at PricewaterhouseCoopers; George Lee, co-founder and Honorary Lifetime Chairman of the Boao Forum for Asia and Chairman of DeTao Group; He Xiaofeng, professor and PhD supervisor at School of Economics Peking University and Vice-Chairman of China Association of Private Equity; Mathis Heller, General Exterior Designer of the BMW 3, 5 and 7 series and DeTao master of Automotive & Industrial Design; Alessandro Bassi, DeTao master of Internet of Things; Xu Jingwei, Deputy Director and Secretary-General of China e-Business Innovation Promotion Alliance and DeTao master of e-Commerce; François Valentiny, DeTao master of Community Planning and Green Architectural Design; and Jack G Zhou, DeTao master of 3D Printing and Additive Manufacturing. Also in attendance of the summit were outstanding entrepreneurs from national- and provincial-level development parks across three-dozen Chinese cities and provinces, including Beijing, Shanghai, Guangdong, Tianjin, Chongqing, Jiangsu, Zhejiang and Shandong; senior management of Industrial and Commercial Bank of China, China Merchants Bank, Ping An Bank, Industrial Bank and Jiangxi Bank; key senior management of three-dozen investment institutions and securities companies; and media such as Caijing Magazine, Ecns.cn and CNJSJY.CN.
Zhu Hongren, Executive Vice-Chairman and Director General of CEC/CEDA, delivered an opening speech, in which he stated that following on from three decades of rapid economic development, the Chinese economy could no longer rely on extensive growth. New sources and the impetus that propelled growth must be uncovered through innovation, while new technology, application, business formats and models must be actively explored, so as to continuously enhance resource and energy efficiency and total factor productivity. DeTao Group helps governments and development parks with the introduction of globalised smart resources that empower businesses. Furthermore, the group takes advantage of top international expertise and connects quality local businesses with prime national and international resources, equipping them with smart services. The vertical Internet and platforms efficiently offer businesses of all sizes with key development factors, while the “new-face” model and educational-training system directly incorporate all business link resources such as world-renowned business organisations, scientific research institutions, financial institutions, special funds and smart talent. As a result, the strategy execution of business innovation drive is accelerated, the allocation of global business resources balanced, a smart supply-chain system built, total factor productivity efficiently elevated and industrial transformation and upgrade encouraged.
At the beginning of the discussions, George Lee, Chairman of DeTao Group, remarked that a good innovation system could enhance the efficiency of every key production factor and solve quality and general-advancement issues plaguing development, so as to truly achieve transformation and the connection of businesses and resources. Lee believed businesses must connect to external resources in five aspects, namely supply chain, innovation model, bank support, effective collaboration and knowledge-capital support from third parties (including brand, knowledge and channels). Equipped with the capability to integrate resources in the above five aspects, businesses would be able to grow. The Conscientious Chinese Enterprises’ Alliance as initiated by the group is based on the above five points, which aims to join forces with development parks to attract quality businesses. Resources will be matched based on a collaborative model of the five vectors, so as to truly simplify innovation in China and make it tangible and economical.
During the discussions, Youbo, member of the Chinese Academy of Engineering, added that idea innovation was of the utmost importance in business innovation, and innovation itself was a process which required continuous hard work, perseverance and risk taking. Moreover, it emphasised knowledge capital and the connection of resources and innovation. Most importantly, knowledge resources and business innovation must be connected. A great opportunity arose from Internet-based knowledge services, which served as a means that effectively brought together knowledge resources and businesses. Fang Kun, Deputy Chairman of CITIC Guoan Investment Company, shared as an example projects that integrated industries and cities, whereby industries incorporating artificial intelligence, robot technology, bionics, electronic games and AR/VR technology were introduced from Europe to form industry chains in China. In addition, thresholds were established in certain areas, which consolidated the foundation of the projects. James Chang, Managing Partner of China Financial Services Consulting Practice at PricewaterhouseCoopers, highlighted two distinct features of Chinese development parks over the past years: multiple industries and platforms, which led to excessive capacity and resources. Quality above quantity should be the strategic ideology when it came to industries, whose congregation should be based on the industry chain to create a comprehensive industrial ecology with refined operation. He saw Conscientious Chinese Enterprises’ Alliance as a great concept, a platform that served businesses, which in itself was an excellent example of business-model innovation. Such a platform marked the trend of development and would be necessary for businesses in development parks, whether in terms of financing, knowledge-capital support, design, research and development, branding or supply chains.
An initiation ceremony for Conscientious Chinese Enterprises’ Alliance took place at the end of the forum along with group photos of participating senior management and guests.
A preparatory meeting for the initiation of Conscientious Chinese Enterprises’ Alliance formally took place after the forum. To date, nearly 100 hi-tech parks and businesses have joined the platform, which are involved in industries such as new materials, mechatronics, textiles and apparels, electronic information, new energy, robotics, modern chemical industry, health and well being, culture and creation, energy conservation and environmental protection, including Yantai Hi-tech Zone, Jinshan Development Park, Shanghai Caohejing Hi-Tech Park, Jiangsu Changzhou Tianning Economic Development Zone, Yangzhou Hi-Tech Park, Jiangsu Jianhu Economic Development Zone, Hebei Raoyang Economic Development Zone, Shanghai Jinshan Second Industrial Zone, Yantai Municipal Commission of Economy and Information and Beijing Economic-Technological Development Area.
The collaborative platform of Conscientious Chinese Enterprises’ Alliance is based on the development goal of Made in China 2025 and is open to businesses referred by national- and provincial-level development parks. It is limited to 500 privately run businesses per city or region that are innovative, reliable, advanced and environmentally friendly. The platform will be built upon the first group of outstanding Chinese businesses to become an efficient and high-quality system of global resource collaboration and sharing.