CEIBS China Connecting Conversations – 23-24 September 2011 – Zurich
Aug-29-2011 By : agxadmin
“China Connecting Conversations, Fostering an inducive climate business collaboration,
a 21st century true leadership and learning experience” is organized by the China-Europe International Business School (CEIBS) with the support of the EU-China Business Association, of which the Flanders-China Chamber of Commerce holds the general secretariat. The event takes place on 23-24 September 2011 at Swiss Re Centre for Global Dialogue, Zürich, Switzerland.
As a leading global business school (Financial Times 2011 MBA ranking #17 in the world and #1 in Asia for seven consecutive years), CEIBS has played a major role in the history of China by developing Chinese and Western business leaders with deep China insights and a global mindset. CEIBS is taking this role across the borders of China into Europe. The objective is to enable business leaders around the world to adapt and succeed in their home market, in China and in the rest of the world, by embracing the rising ‘China Factor’ within the global business context. Participants are members of global Executive and Supervisory Boards, global business managers, regional and country CEOs of leading companies from around the world, who want to make a difference and share CEIBS’s ambition to foster an inducive climate for global business collaboration.
Participants will gain deep insights in:
– The ‘China Factor’ in global business context;
– Key drivers of successful collaboration across borders;
– How Chinese top companies compete;
– Chinese, Indian and Western leadership styles and the values of the Chinese GenY ;
– Different models for collaborative innovation;
– How to drive value from the ‘China Factor’ through cooperative behavior.
Participation in this by-invitation-only event is limited to 40 participants. The programme fee is €.500. Members of member organizations of the EUCBA (including FCCC members) are offered a special discount of €(including welcome reception & dinner, accommodation for one night, tuition, case licensing fees, lunches, stationery, other course materials).
RSVP to Annette Nijs at anijs@ceibs.edu
Belgian Festival in Guangzhou – 26-28 October 2011 – Guangzhou
By : agxadmin
On the occasion of the Princely mission to Guangzhou and Shenzhen from October 26-28 2011, the Consulate General of Belgium in Guangzhou will organize a “Belgian Festival” at the Canton Tower, the most prestigious landmark in this young and rich city. The event is aimed at putting the Belgian trademark in the spotlight in South China and to make Belgium’s rich cultural heritage better known in this region. It will consist of all kinds of activities with a distinct Belgian flavor, such as concerts, art exhibitions, a Belgian delicacy market, cultural and art exhibitions, a comic book expo with the Smurfs and Tintin and a large-scale beer festival. The Consulate General of Belgium in Guangzhou is inviting Belgian companies to participate in the festival. More information is available from Sven Boon at Sven.Boon@diplobel.fed.be
Barco joins forces with China Film Group to develop digital cinema market in China
By : agxadmin
Barco and China Film Group announced the formation of CFG Barco (Beijing) Electronics Co. Ltd. The new company is a joint venture among two Barco subsidiaries – Barco Visual (Beijing) Electronics Company Limited and Barco China (Holdings) Limited Company – and China Film Equipment Co. Ltd., a subsidiary of China Film Group.
This joint venture illustrates Barco’s and China Film Group’s determination to develop China’s digital cinema market by strengthening the localized development and production of digital cinema products and services in China. The newly-founded company will help China achieve its ambitious 12th Five-Year Plan (2011-2015), which is based on the forecast that the culture industry will enter a period of rapid development in the next five years and contribute 5% to the country’s GDP.
Through its customer service facilities, sales, local R&D, and production, the new company will maintain the Barco brand and ensure Barco’s world-class quality and service. Leveraging the experience and influence of China Film Equipment Co, the new company will also build more effective communication channels and a more intimate relationship with customers. By end of July 2011, more than 4,600 Barco digital cinema projectors have been installed in Greater China (covering 65% of the Chinese market), which confirms Barco’s global market leadership with an installation base of more than 20,000 projectors worldwide. The Beijing factory is already achieving a monthly production capacity of 500 projectors. Last year, Barco set up a digital projector research center in Beijing, becoming the first foreign projector manufacturer to establish a research center in China.
Mr. Xiaoli Han, General Manager of China Film Group and China Film Co, said: “We’re following China’s 12th Five-Year Plan – as a company in the culture industry, we should contribute to China’s digital cinema development. Through this new collaboration, we hope that Barco will introduce more and more cutting-edge projection technology into China and further localize R&D and production in China. We will continue our efforts in promoting and applying digital technology in China’s film industry.” “China’s digital cinema market is developing rapidly,” Wim Buyens, Senior Vice President Barco and General Manager Entertainment Division, commented. “We are proud of and confident in our investment and collaboration with China Film Group, and we are honored to work with China’s best film equipment trading company. This is another major milestone following our establishment of the research center in Beijing. The new joint venture will combine Barco’s technology and China Film Group’s wide expertise in the China digital cinema market. This roll-out of digital projector technology to many more cinemas will enable China’s film industry to reach and benefit a larger audience of movie goers.”
China to launch first wine investment fund
By : agxadmin
China plans to launch its first wine investment fund. The Dinghong Fund plans to raise CNY1 billion and will invest in vintages from Bordeaux and Burgundy. Société Générale said last year that it was waiting for regulatory approval to invest in Bordeaux wines for its private banking clients. But Dinghong will be the first to offer something in China modeled on the wine investment funds – such as the Vintage Wine Fund – that have gained popularity globally over the past decade. For a minimum investment of CNY1 million, investors will be locked into the fund for five years. The wine expertise in the venture will come from Zhang Yanzhi, China Representative of Etablissements Jean-Pierre Moueix, a renowned Bordeaux winemaker and distributor. The fund said it expects to deliver annual returns of about 15%, an enticing prospect for Chinese investors who have seen inflation chip away at their savings with few hedges at hand. China has already had a huge impact on the wine world, taking up the slack from weaker demand in developed nations after the global financial crisis and pushing prices back towards all-time highs. Earlier this year, the Shanghai government established the country’s first official wine exchange – an internet platform to connect investors with approved suppliers, the Financial Times reports.
Bank of China (HK) posts highest first-half profit rise
By : agxadmin
Bank of China Hong Kong posted its highest first-half net profit since listing in 2002, but its lending profitability continued to drop because of pressure from yuan-related business. Net profit rose 66.8% year-on-year to a record HKD11.99 billion, but the net interest margin (NIM) fell 37 basis points year-on-year to 1.21% in the first half. He Guangbei, Vice Chairman and Chief Executive, said narrowing NIM was partly due to the bank’s function as Hong Kong’s sole yuan clearing bank. If the yuan effect were discounted, net interest margin would have dropped by only 16 basis points to 1.48%. “Our net interest margin pressure was great, as the clearing bank’s yuan assets increased by a larger amount in the first half”, said He. He added that the yuan business had nonetheless helped to boost revenue and as a strategic plan, the bank would continue to develop that business by expanding its yuan deposit base, seeking more investment channels and developing trade settlements. BOCHK’s Hong Kong dollar loan-to-deposit ratio had risen to more than 75% with a decline in Hong Kong dollar deposits. BOCHK said first-half net interest income from core lending activities rose 14% to HKD10.21 billion. Yuan deposits rose by 39.9% to HKD218.8 billion and the yuan loan-to-deposit ratio stayed at 60.95% as of the end of June. Total customer deposits increased by 7.5% to HKD1.1trillion in the first half, the South China Morning Post reports.
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