China and ASEAN (Association of Southeast Asian Nations) countries are to benefit each other from increased economic cooperation and integration with the creation of the 21st Century Maritime Silk Road - one of China's most significant and latest national strategies - a China Daily Roundtable conference on the region's economic development outlook heard on Tuesday. "Asia today is on the threshold of a momentous era in economic development and advancement, with China having taken the lead in pushing a string of initiatives that are aimed at not only linking up the whole of Asia, but also giving the continent the impetus it desperately needs to spur growth after a period of global economic stagnation and uncertainties," Zhou Li, publisher and editor-in-chief of China Daily Asia Pacific, said in his welcoming address at the panel session entitled "China, ASEAN and the New Silk Road - Global Financial Perspectives" as part of the Asian Financial Forum (AFF) in Hong Kong. "The New Silk Road illustrates the development of Asia. It connects the world's second-largest economy with 600 million people of the ASEAN economic community. This new dynamic project has the ability to create a tremendous amount of change in finance and business, in which Hong Kong is well positioned to tap the opportunities," stressed Raymond Yip, deputy executive director of the Hong Kong Trade Development Council, the organizer of AFF - one of the most important annual events on the global financial calendar. Xu Ningning, executive president of the China-ASEAN Business Council, affirmed that Hong Kong has its special advantages in the development of the New Silk Road, including its strategic geographic location and its natural connection with ASEAN countries (The Association of Southeast Asian Nations), as well as the Chinese mainland, not to mention its strength in financial services. "The end of this year is expected to witness the establishment of the ASEAN Economic Community, which the New Silk Road will help to promote. It could be the first stop of Chinese outbound investment. Meanwhile, China can also support infrastructure construction to solve the imbalance within ASEAN," Xu said. China, ASEAN economic bonds set to strengthen "We estimate that ASEAN will become world's fourth-largest economy by 2050. But demand for infrastructure investment is huge," said Perry Warjiyo, deputy governor of Bank Indonesia. "We are opening up for investments and make the economy more market driven. During the next five years, in Indonesia alone, we will build 15 new airports, 24 ports and over 3,000 kilometers of highways. An estimated $450 billion is needed for all these projects and more. We are looking for closer cooperation with other countries, including China and the US," he said. While working together to update infrastructure in ASEAN member states, the New Silk Road will also help to keep the South China Sea peaceful, said Tan Sri Dr Michael Yeoh, chief executive officer of Malaysia's Asian Strategy and Leadership Institute. "The setting up of various offshore renminbi clearing centers in ASEAN will deepen its connectivity with China and make the economy stronger," Yeoh said. Identical views were expressed by China-ASEAN Investment Cooperation Fund Chief Executive Officer Li Yao, who said that linking China and ASEAN markets together, the New Silk Road will promote the circulation of capital flow, technology and goods in the region, facilitating sustainable growth in the long term. Vivek Pathak, director of Asia Pacific Department at International Finance Corporation, told the session that due to the demand to diversify asset location and expand Chinese brands, capital outflow from China will be the key phenomenon for the next decade. "ASEAN is the most logical market for Chinese mainland manufacturers, given its size and growth, and the financial service sector will follow," he said. http://www.chinadaily.com.cn/hkedition/2015-01/21/content_19362959.htm
2015-01-21Regional Leading Experts DiscussNew Silk Road and Asian Economic Development Jan 20 2015, Hong Kong - More than 300 delegates representing some of the largest financial institutions from around the world participated in a special panel session organized by China Daily at the Asian Financial Forum held at the Hong Kong Convention and Exhibition Center on January 20, 2015. Speakers at the panel on “China, ASEAN and the New Silk Road - Global Financial Perspectives,” included leaders in government, finance and academia. To facilitate further development and cooperation of the various Asian economies, which have already become an engine of global growth, China has initiated several groundbreaking initiatives that include “21st Century Maritime Silk Road”, “One Belt One Road”, and “Silk Road Fund” since 2013.Meanwhile, ASEAN economies are focusing on building closer financial and trade ties for common development.These initiatives will not only result incloser economic ties between China and the ASEAN, but also create regionalprosperity that can have a profound impact on the global economic landscape. Mr. ZHOU Li, Publisher & Editor-in-Chief of China Daily Asia Pacific said in the welcoming speech that with China having taken the lead in pushing a string of initiatives, Asia today is on the threshold of a momentous era in economic development and advancement. “The New Silk Road illustrates the development of Asia. This new dynamic has the ability to create tremendous amount of change in finance and business, in which Hong Kong is well positioned to tap the opportunities," stressed Mr.Raymond YIP, Deputy Executive Director of Hong Kong Trade Development Council, the organizer of AFF, one of the most important annual events on global financial calendar. The panelistsincluded Mr. XU Ningning, Executive President of China-ASEAN Business Council; Dr. LI Yao, Chief ExecutiveOfficer of China-ASEAN Investment Cooperation Fund (CAF); Dr. Perry WARJIYO, Deputy Governor of Bank Indonesia; Tan Sri Dr. Michael YEOH, Co-Founder and Chief Executive Officer, Asian Strategy and Leadership Institute (ASLI); Mr. Vivek PATHAK, Regional Director Asia and the Pacific of International Finance Corporation;Prof. HUANG Yiping,Professor of Economics and Deputy Dean of National School of Development, Peking University and Prof. Edward CHEN, Distinguished Institute Fellow and Honorary Professor of The University of Hong Kong, and President of Qianhai Institute for Innovative Research. Hong Kong has its special advantages in the development of the New Silk Road, including its strategic geographic location and its natural connection with ASEAN countries as well as the Chinese mainland, affirmed Xu. He expected that the New Silk Road will help to promotethe establishment of ASEAN Economic Community by the end of this year. "We estimate ASEAN will become the world's fourth largest economy by 2050. But demand for infrastructure investment is huge", said Warjiyo.“Linking China and ASEAN markets together, the New Silk Road promotes circulation of capital flow, technology and goods in the region, which facilitates sustainable growth in the long term”, said Li.Pathak maintained that ASEAN is the most logical market for Chinese manufacturers, given its size and growth. “And the financial service sector will follow,” he added.The setting up of various offshore yuan clearing centers in ASEAN will deepen its connectivity with China and make the economy stronger, said Yeoh.Huang and Chen also shared their view on the topic from China perspective, based on China economic transformation and experiment such as Qianhai Free Trade Zone. This China Daily Asia Leadership Roundtable panel marks the cooperation with Hong Kong Trade Development Council (HKTDC) onAsian Financial Forum (AFF) for the fourth consecutive year, providing a platform for exchanging market intelligence and exploring new business opportunities across Asia. Panelists from China and ASEAN were sharing their views on the topic. From left to right: Mr. XU Ningning, Executive President of China-ASEAN Business Council; Dr. LI Yao, Chief Executive Officer of China-ASEAN Investment Cooperation Fund (CAF); Prof. HUANG Yiping, Professor of Economics and Deputy Dean of National School of Development, Peking University; Mr. Alexander WAN, Senior Advisor of China Daily Asia Pacific (moderator); Dr. Perry WARJIYO, Deputy Governor of Bank Indonesia; Tan Sri Dr. Michael YEOH, Co-Founder and Chief Executive Officer, Asian Strategy and Leadership Institute (ASLI); Mr. Vivek PATHAK, Regional Director Asia and the Pacific of International Finance Corporation; and Prof. Edward CHEN, Distinguished Institute Fellow and Honorary Professor of The University of Hong Kong, and President of Qianhai Institute for Innovative Research. About China Daily Asia Leadership Roundtable The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia. PDF Download: attach/pdf/AFF%2020012015/Press%20release.pdf
2015-01-21中國日報四度攜手亞洲金融論壇 匯聚業界精英共議新絲路與亞洲經濟發展 (2015年1月20日香港)今日,中國日報第四次攜手亞洲金融論壇,舉辦題為「中國,東盟和新絲綢之路——全球金融發展視角」的論壇。七位來自政、學、商界的專家各抒己見,探討新絲綢之路及東盟經濟共同體成立給中國以及東盟各國帶來的機遇和挑戰,論壇吸引了逾300名來自世界各地的金融業精英人士參與。 亞洲近年來經濟騰飛,舉世矚目,成為世界經濟發展的重要引擎;東西方不約而同地預示二十一世紀將是「亞洲世紀」。自2013年來,中國接連提出「二十一世紀海上絲綢之路」、「一帶一路」、「絲綢之路基金」等一系列戰略規劃,東盟經濟共同體亦著眼於發展與合作,建立更緊密的金融、貿易紐帶。 這些舉措不僅將推動中國及東盟的地區一體化進程,促進亞洲區內合作及發展,亦將對世界經濟版圖產生深遠影響。但與此同時,在瞬息萬變的世界經濟形勢下,亞洲經濟發展也面臨前所未有的挑戰。 中國日報亞洲領袖圓桌論壇連續四年與香港貿易發展局合作舉辦專題論壇,為來自亞洲金融及相關行業人士提供了一個相互交流與探討的平台,解讀新形勢下中國、東盟及世界金融面臨的挑戰與機遇,以便於亞太區內成員交換市場信息,助力亞洲地區開拓新的營商機遇。 中國日報亞太分社社長兼總編輯周立先生在致辭中表示,21世紀海上絲綢之路、亞洲基礎設施投資銀行等計劃是前所未有的,這些都將有利於亞洲地區的經濟發展和金融合作。東盟經濟共同體正在建立的貨物、服務與資金流將進一步推動東南亞經濟圈的發展。香港貿易發展局副總裁葉澤恩先生在致辭中也表示,在亞洲金融論壇與大家共同探討中國、東盟和新絲綢之路的發展具有非凡意義。 論壇邀請到中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;北京大學國家發展研究院教授、副院長黃益平教授;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授作為演講嘉賓,他們結合當下中國、東盟及世界金融形勢發展,分析了行內的合作機會及未來發展動向。 許寧寧表示中國與東盟有著山水相連的關係,雙方經貿的互補性對經濟的發展具有重要意義,新絲綢之路的建設將有利於東盟共同體的建成,並且將發揮重要作用。在新絲綢之路的建設中,香港可以發揮其重要的區位及經濟優勢,推動中國及東盟國家的貿易往來及發展,實現互利共贏。 佩里‧瓦吉悠指出在東盟經濟貿易往來中,印度尼西亞政府在基礎設施建設等方面給予了大力支持。他強調,東盟共同體的建設離不開體內各國的共同支持與促進。丹斯里拿督楊元慶表示中國與東盟國家的不斷貿易往來將進一步促進雙邊經濟的共同發展,新絲綢之路的建設將給雙方帶來更多的合作與發展機遇,中國將更好地成為東盟國家的最大貿易夥伴。 李耀對新絲綢之路的建設與發展提出了兩個方向。首先,中國及東盟國家如何促進雙邊經濟貿易可持續發展;其次是新絲綢之路將怎樣連接中國-東盟與全球經濟發展。新絲綢之路不斷促進資金、技術等流向東盟的發展中國家。中國在國際南南合作項目中發揮著重要作用,中國及東盟國家的互相信任才能促進雙方的長足互利發展。Vivek PATHAK表示中國及東盟的金融發展離不開基礎設施建設,新絲綢之路等一系列計劃將會促進中國同東盟國家之間貿易、技術、資金等合作。 黃益平指出新絲綢之路的建設是中國在發揮其經濟互利合作的優勢,以促進中國與東盟國家的不斷發展。在經濟的轉型發展下,中國也在不斷調整經濟策略,未來將會有更多的海外貿易經濟合作,促進雙方的貿易及經濟往來。最後,陳坤耀就前海-香港經濟合作區在新絲綢之路及在東盟經濟發展中的重要性做出闡述。前海-香港經濟合作區內的金融服務行業、物流行業及IT行業將會為中國與東盟國家的金融貿易提供更多合作與發展機遇。 中國日報亞洲領袖圓桌論壇與亞洲金融論壇攜手舉辦題為“中國,東盟和新絲綢之路——全球金融發展視角”的論壇,匯聚了近三百名來自世界各地的金融行業精英。圖為論壇現場的演講嘉賓:中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;北京大學國家發展研究院教授、副院長黃益平教授;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授。 中國日報亞洲領袖圓桌論壇與亞洲金融論壇攜手舉辦題為“中國,東盟和新絲綢之路——全球金融發展視角”的論壇,匯聚了近三百名來自世界各地的金融行業精英。圖為論壇現場的演講嘉賓:中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;北京大學國家發展研究院教授、副院長黃益平教授;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授。 -完- 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平台,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了31屆,逾萬名決策精英參與。 PDF Download: attach/pdf/AFF%2020012015/%E6%96%B0%E8%81%9E%E7%A8%BF.pdf
2015-01-21Industry Leaders Meet in Hong Kong Investment Opportunities in China’s Entertainment Industry Powered by the Internet Dec 5, 2014, Hong Kong – China Daily held a Special Panel Session on “The Midas Touch: A New Breed of Investors in China's Entertainment Industry Powered by the Internet” at Hong Kong Venture Capital and Angel Investment Conference at 10.45am to 11.30am in Hong Kong Convention and Exhibition Centre toexplore investment opportunities in China’s flourishing Entertainment Industry. China has been striving to develop its culture industry with heavy investment in the production of movies, TV series and other programs suitable for the new media. With its huge population and a rapidly growing middle-class, China's entertainment market is growing the fastest in the world. According to estimates by the Motion Picture Association of America, there are 13 new cinemas opening in China every day. Last year, The Chinese movie market overtook Japan as the world's second largest in box office revenue. Alibaba pioneered the establishment of an investment fund through which investors can invest in the production of movies, TV programmes and online games. Since then, several other technology companies, including Baidu, Tencent and many others, have also introduced similar funds. Mr. ZHOU Li, Publisher & Editor-in-Chief of China Daily Asia Pacific opened the session highlighting China's cultural industry, especially the film industry,is blossoming exponentially. This lucrative industry has attracted a new wave of internet-led investors.Mr. Zhou also welcomed distinguished speakers, including Mr. WANG Guo Wei, Founder, National Film Capital; Mr. David CHEN, Co-Founder, AngelVest and Mr. Karon WAN, Public Sector Managing Partner, Deloitte Consulting (Hong Kong) Limited. Mr. Wang observed the rise in China’s movie industry. He says, “we have witnessed an explosive investment growth in China’s movie industry in the first half of 2014.” Mr. Chen agreed that China’s entertainment industry is flourishing with increased capital injection into the industry. “We’ve seen many trends happening in entertainment and media industries in China during the past couple of years, very similar to what we’ve seen in the US about two decades ago.” Mr. Wan also saw a new breed of investors in China’s entertainment industry, saying that “the entertainment industry in China is actually moving very fast, people are investing in this industry for various of reasons and they are not necessarily experts.” This is our first cooperation with Hong Kong Science & Technology Parks Corporation and our session has attracted over 400 angel investors and entrepreneurs to garner insights on unprecedented investment and financial opportunities in China’s cultural industry which is effectuated by the Internet. About China Daily Asia Leadership Roundtable The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia. (http://www.cdroundtable.com)
2014-12-10Commerce and economic development secretary Gregory So said opportunities are “particularly visible in Hong Kong as the trend of use and creation of IP is shifting towards Asia”. So said economic development in mainland China was also driving IP interest and “presents huge market potential”. According to So, Hong Kong is increasingly seen as “a regional marketplace and service centre” for activities such as copyright trading, licensing and franchising, design services and technology transfer. Hong Kong has seen average annual growth of 8% in the value of export of services relating to the use of IP since 2007, reaching about 4 billion Hong Kong dollars (HKD) ($516 million) in 2012, he said. “The value of import of services relating to the use of IP, at over HKD 15bn ($1.9bn) in 2012, has registered an annual growth rate of 6% since 2007,” So said. So told the Business of Intellectual Property Asia Forum on 4 December: “Hong Kong is fully equipped to pioneer in new frontiers in the evolving IP landscape due to its sound legal and financial infrastructure, highly open markets, deep pool of bilingual and experienced IP talent and robust IP regime, in full compliance with the requirements of international IP treaties, as well as low-tax regime and world-class business professionals.” Hong Kong’s “unique characteristics can act as an IP middleman, connecting buyers and sellers to partners on the mainland and across Asia” So said. He said the territory can also be a “sourcing platform for business-matching and trading in the IP realm, as an intermediary service provider supplying one-stop service in IP trading, and as a modifier or customiser of IP to suit the special needs of mainland buyers”.
2014-12-10HK to become IP hub The Government is committed to developing Hong Kong into a regional intellectual property trading hub for co-ordinating IP business activities, Secretary for Commerce & Economic Development Gregory So said today. Addressing the Business of Intellectual Property Asia Forum luncheon, Mr So said the opportunities are particularly visible in Hong Kong as the trend of use and creation of IP is shifting towards Asia, particularly in view of the Mainland's economic development, which presents huge market potential. He noted that as a regional marketplace and service centre for activities such as copyright trading, licensing and franchising, design services and technology transfer, Hong Kong has seen average annual growth of 8% in the value of export of services relating to the use of IP since 2007, reaching about $4 billion in 2012. The value of import of services relating to the use of IP, at over $15 billion in 2012, has registered an annual growth rate of 6% since 2007, he added. Mr So noted that Hong Kong is fully equipped to pioneer in new frontiers in the evolving IP landscape due to its sound legal and financial infrastructure, highly open markets, deep pool of bilingual and experienced IP talent and robust IP regime in full compliance with the requirements of international IP treaties, as well as low-tax regime and world-class business professionals. Mr So added that with its unique characteristics, Hong Kong can act as an IP middleman connecting buyers and sellers to partners on the Mainland and across Asia, as a sourcing platform for business-matching and trading in the IP realm, as an intermediary service provider supplying one-stop service in IP trading, and as a modifier or customiser of IP to suit the special needs of Mainland buyers. http://www.news.gov.hk/en/categories/finance/html/2014/12/20141204_180504.shtml
2014-12-10Industry experts line up for the cameras after speaking at a China Daily roundtable on the opportunities and challenges presented by cross-border cooperation in the financial services sector, which is shaping up to be a win-win proposition for both Hong Kong and Shenzhen’s Qianhai modern services zone. (Parker Zheng / China Daily) W ith the nation seeking speedier opening up of its financial services industry, huge opportunities for innovative cross-border finance services have opened up for Hong Kong, bringing its cooperation with Shenzhen closer, experts told a China Daily roundtable at the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. “Qianhai has every possibility to become a hub for cross-border mergers and acquisitions (M&A) of Chinese companies, especially for small and medium-sized enterprises (SMEs),” said Lin Chen, chair professor and associate dean of the Faculty of Business and Finance at the University of Hong Kong, in addressing the roundtable audience on Saturday. Lin observed that more and more private companies, especially SMEs, are looking abroad and the targeted industries of their M&A activity have become more diversified. However, Lin admitted: “Current performance of these M&As is not very good. The completion rate is only about 40 percent and many of them are losing money.” Lin said that Hong Kong, in close cooperation with Qianhai, can improve the situation because of its rich professional resources in accounting, laws and financial advice, while Qianhai can help these companies easily access the Hong Kong capital market. Qianhai has released various innovative policies in financial services, such as leveraged and equity financing, in order to help the development of mainland SMEs. Andrew Fung, executive director and head of global banking and markets at Hang Seng Bank, also noted the fast development of mainland SMEs. But he agreed that these enterprises are facing funding challenges and said this gives Hong Kong financial institutions a chance. Closer ties no easy task However, Karel De Gucht, former European trade commissioner, stated that it is a challenge for Hong Kong and Qianhai to work together in the future and make it a win-win situation. “It’s certainly not going to be an easy thing,” he said. The central government last week released a new plan across various sectors, highlighting finance services, in an effort to promote the structural optimization of Hong Kong and to further increase its connectivity with the mainland. The number of Hong Kong-based companies in Qianhai as of Dec 7 has exceeded 1,000, with total investment surpassing 160 billion yuan ($25.9 billion), according to the Qianhai Authority. Hang Seng’s Fung evaluated the prospects for Qianhai-Hong Kong cooperation from another perspective. “The internationalization of the RMB has gone beyond the first stage of use as a change and settlement currency,’’ Fung said, adding that many international finance institutions “are prepared to include RMB as an investment currency.” He believes the most efficient method for international payment is “through Hong Kong banks via their domestic corporate banks in Shenzhen.” So international payment makes cooperation between Hong Kong and Shenzhen very important for the SAR to maintain its status of RMB internationalization center, Fung stressed. For closer cooperation, he suggested that Qianhai should launch more innovative financial policies, including increasing the quota of free fund exchange between Hong Kong banks and their branches in Qianhai. He also suggested issuing more licenses for Hong Kong financial institutions to set up their own establishments in the pilot zone. According to the new plan of the central government, the admittance threshold will be further lowered to encourage more Hong Kong banking institutions to set up corporate banks or branches in Qianhai. In addition, a pilot program involving cross-border RMB loans made by Hong Kong-based banks to non-banking financial institutions is on the way. Call to cast net wider Munir Majid, chairman of the ASEAN Business Advisory Council, suggested that financial institutions in Qianhai also introduce new types of institutions and services targeting markets in the Association of Southeast Asian Nations (ASEAN) market. “In ASEAN, young people will need financial services of various types as the population structure will give rise to an explosion of consumer boom,” Majid said. ASEAN already accounts for the world’s third-largest population after China and India, with 50 percent of its people below 30 years of age. “Qianhai’s efforts are certainly in the right direction,” Majid said, “because the irony for China to achieve such great economic growth is the missing link of its financial flows presence. No country can control the future without also having a control of financial flows, or having a big market in financial flows.” More than 8,500 financial companies have registered in Qianhai so far, of which 17 are banks, 48 are security companies and 2,559 are equity investment firms, along with 333 commercial factoring and 184 finance leasing companies. Anwar Nasution, former senior deputy governor of Bank Indonesia, had this to say: “Personal use of the RMB is encouraged by allowing financial institutions in Hong Kong to open RMB-denominated accounts and its use for cross-border settlement, including sending remittances to Chinese mainland.” Nasution also believes the Asia Infrastructure Investment Bank (AIIB) and a new BRICS development bank China initiated recently can provide fiscal stimulus for both the stagnating world economy and the Qianhai pilot zone. Pung Kheav Se, chairman of the ASEAN Bankers Association, added: “AIIB can offer its inaugural technical assistance and special loan programs to the countries in CLMV (Cambodia, Laos, Myanmar and Vietnam), with covenants that are more aligned to the needs and abilities of these countries.” “The multiplier effect on the economies that will benefit from such arrangements will be large and create spin-offs across ASEAN and China.” Although China is one of the leading CLMV investors, Pung believes there is still more that the central government as well as public and private enterprises can do to further spur economic development. Contact the writer at grace@chinadailyhk.com http://www.chinadailyasia.com/2014-12/10/content_15201589.html
2014-12-10Edward Chen Kwan-yiu, president of the Qianhai Institute for Innovative Research, sees the need for a “critical mass”. (Parker Zheng / China Daily)The importance of Qianhai Cooperation Zone lies not only in its pilot role of spearheading financial innovation, but also in its key role in correcting the misalignment of the country’s economic structure, said Edward Chen Kwan-yiu, president of the Qianhai Institute for Innovative Research. “The central government has designated Qianhai as a pilot for a range of innovative policies. In the process of internationalization of the renminbi and the opening up of its capital account, China has to ‘feel the stones while crossing the river’ and Qianhai has been chosen as ‘the first stone’,” Chen told China Daily in an exclusive interview during the Qianhai Conference in Shenzhen from Dec 6 to 7. Besides, Qianhai plays an important role in the adjustment of the country’s overall economic structure. Although the mainland has developed at a high speed in the past 20 years, the national economic structure has remained immature, with the modern service sector lagging far behind, Chen said. “One immaturity is the underdevelopment of the country’s modern service sector,” he said. “China has to correct the immaturity in its economic development. In this sense, Qianhai’s role is quite important. It is going to correct the misalignment of the country’s economic structure.” Despite the uniqueness of Qianhai, Chen admitted that there are impediments to its attracting talents. “Infrastructure has not been fully completed and businesses have yet to be well-established in the zone,” Chen said. But he is confident about the future of Qianhai. “I can see a lot of potential,” Chen said. To attract more enterprises and talents, Qianhai needs to create a “critical mass,” he added. “When a sufficient number of enterprises — adventurous, ambitious or risk-taking ones, for example — come to Qianhai and make profits here, they will definitely inspire others to come,” Chen said. “Once a ‘critical mass’ is created, many people would come and invest. After that, you will get a ‘herd instinct’ — people would just come.” He did not elaborate how Qianhai could create the “critical mass”, but said “it’s not easy.” The institute Chen heads aims to provide policy research support for the government and for enterprises in Qianhai. To help businesses do better in the special zone, the institute will provide services like knowledge exchange and dissemination. “We will offer support and services to enterprises in Qianhai in various ways, like conducting regular lectures, seminars and workshops, producing newsletters, inviting scholars, and so forth,” Chen said. In the longer term, the institute will not only serve Qianhai and Shenzhen, but also bring Qianhai’s experience to the outside world. “We are thinking of launching a ‘Qianhai International Journal’ focusing on the modern service industry to bring Qianhai to the world and also bring the world to Qianhai,” Chen said. sally@chinadailyhk.com
2014-12-10400名投資者出席亞洲領袖圓桌論壇 共同探討中國娛樂互聯網的投資機遇 (2014年12月5日)適逢《亞太創新峰會》邁進十週年,中國日報亞洲領袖圓桌論壇與「香港創投和天使投資會議」攜手,今日於香港會展中心舉辦題為「互聯網時代下的中國娛樂產業投資新趨勢」的專題研討會。論壇彙聚了逾400名天使投資者及企業家,共同探討互聯網如何為中國文化娛樂產業帶來前所未有的投融資機會。 去年中國電影票房收益達220億人民幣,僅次於長居首位的美國。電影業的興起和電子遊戲銳不可擋的勢頭,再加上國家的高度重視及相關政策的支持,造就了行內不少大規模的併購交易。阿里巴巴集團旗下公司阿里影業便是典型的例子,其推出的「娛樂寶」更掀起一股投資熱潮。娛樂產業互聯網化將為中國乃至全世界的投資者帶來前所未有的機遇,但中國文化娛樂產業鏈將如何緊貼行業趨勢,穩步向前並且持續發展亦成為論壇的焦點。 中國日報亞太分社社長兼總編輯周立先生在致辭中表示,中國在發展經濟與科技的同時,亦大力促進文化娛樂產業的發展,提供了一個良好的機遇平臺,也讓世界更多地了解中國文化。文化娛樂產業的貢獻價值將會被社會肯定。 論壇演講嘉賓包括國影基金創始人王國偉先生、天使谷(AngelVest)聯合創始人陳泰傑先生和德勤企業管理諮詢(香港)有限公司政府及公共事務主管合夥人尹嘉亮先生和與會嘉賓分享了各自的投資經驗。 王國偉先生就互聯網時代下的中國娛樂產業投資的新趨勢做出詳細闡述,他指出在今天電影行業已經瘋狂崛起,更多的資金開始進入電影行業。針對中國電影行業的現狀,他提出了四點有關中國電影產業的發展方向,包括合拍合作模式,基金與製片相結合模式,全產業鏈模式以及最為關鍵的互聯網模式。陳泰傑先生以及尹嘉亮先生同時也對中國的娛樂互聯網產業投資的發展趨勢和方向做出闡述。 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平臺,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了30屆,逾萬名決策精英參與。 -完- PDF Download: attach/pdf/AIS%2005122014/%E4%B8%AD%E5%9C%8B%E6%97%A5%E5%A0%B1%E5%B0%88%E9%A1%8C%E7%A0%94%E8%A8%8E%E6%9C%83%E6%96%B0%E8%81%9E%E7%A8%BF%20%EF%BC%882014%E5%B9%B412%E6%9C%885%E6%97%A5%E9%A6%99%E6%B8%AF%E6%9C%83%E5%B1%95%EF%BC%89%20.pdf
2014-12-10The Chinese mainland’s entertainment industry is growing at an incredible rate, offering huge opportunities for investors as demand from an increasingly affluent population grows, experts told a China Daily roundtable in Hong Kong on Friday. "We’ve witnessed explosive investment growth in the mainland’s film industry in the first half of 2014, and we are seeing the rise of the film industry,” said Wang Guowei, founder of National Film Capital. For the first six months of this year, there were 63 mergers and acquisitions(M&As) involving film companies, with total capital reaching 55 billion yuan ($8.9 billion) said Wang, adding that among these companies, nearly 60 percent of them were acquired by enterprises from other industries. He noted that a major part of the acquisitions were targeting the assets or copyrights of television series. “We can see that investors and capital are eager to find their way into mainland’s film industry.” Wang said the rise of any industry has to be led by a large number of M&As. “And we can see that a few large and powerful companies are rounding up their territories in the movie industry,” he said. Investors who put their money into the mainland’s film industry are probably making money. “Breakup Buddies” — a Chine se film released on Sept 30 — has recorded box office revenues of 1.2 billion yuan, while “The Continent” — a film directed by famous mainland writer Han Han — drew revenues of 630 million yuan. David Chen, co-founder of AngelVest, said the company has seen many trends in the entertainment and media industries on the mainland in the past few years, and they are very similar to what they have seen in the US about two decades ago. "From my perspective, the major difference between the mainland’s movie industry at present and that in the US 20 years ago is the speed — the speed of how quickly a company can leverage their assets to grow further,” Chen said. He said the two technology giants on the mainland — Alibaba Group and Tencent Inc — are very good examples of large enterprises going into the entertainment industry. Alibaba recently invested in sports and entertainment, content and distribution, said Chen, adding that, in March this year, Alibaba launched Yulebao — a crowd-sourced film investment fund that individuals could use to invest in movies or games starting from 100 yuan, and it managed to meet its funding target of $11.8 million in less than a week. Karon Wan, a partner at Deloitte Consulting (Hong Kong) Ltd, said the entertainment industry on the mainland is moving rapidly, with people investing in this industry for various reasons and they are not necessarily experts themselves. The industry is fast driven by people’s demand, and people’s demand is boosted by technologies, said Wan. "Advanced technologies have enabled people to watch films, TV series on their mobile phones and tablets. Meanwhile, a lot of applications have been developed in China for people to get access to these resources, like PPTV,” he said.
2014-12-10The mainland entertainment industry is growing at an incredible rate, offering huge opportunities for investors as demand grows from an increasingly affluent population, experts told a China Daily roundtable in Hong Kong on Friday. "We’ve witnessed explosive investment growth in the mainland film industry in the first half of 2014, and we are seeing the rise of the film industry,” said Wang Guowei, founder of movie financiers National Film Capital. In the first six months this year, as many as 63 mergers and acquisitions (M&As) involving film companies were initiated, with total capital involved reaching 55 billion yuan ($8.9 billion), Wang said. Among these, nearly 60 percent of companies were acquired by enterprises from other industries, he added. A major part of the acquisition moves targeted the assets or copyright of television series, Wang noted. "We can see that investors and capital are eager to find their way into the mainland film industry.” He said the rise of any industry has to be led by a large number of M&As. “And we can see that a few large and powerful companies are rounding up their territories in the movie industry.” Investors who put their money into the mainland film industry are probably reaping profits. Breakup Buddies — a Putonghua film released on Sept 30 — recorded box office revenues of 1.1 billion yuan as at the end of October, while The Continent — directed by famous mainland writer Han Han — drew revenues of 630 million yuan. Wang also emphasized that aside from box office revenue, the mainland film industry has great potential in terms of developing related industries. Full speed ahead "In the United States, if the box office revenue of a film is one dollar, than the revenue from the related industries will be seven dollars, while in Japan, it will be five dollars; only on the mainland, when the box office revenue is one dollar, the revenue from related industries is 1.3 dollars.” David Chen, co-founder of investor interest group AngelVest, said the company has seen many trends in the mainland entertainment and media industries in the past few years, and that they are very similar to what they witnessed in the US about two decades ago. "From my perspective, the major difference between the mainland movie industry at present and the US one 20 years ago is the speed — the high speed at which a company can leverage their assets to grow further,” Chen said. He said the two technology giants on the mainland — Alibaba Group and Tencent Inc — are very good examples of large enterprises going into the entertainment industry. Chen also pointed out that government support could be very important for the entertainment industry to grow. He mentioned the thriving entertainment industry in Japan and South Korea, which are drawing many angel investors, thanks to the support provided by the governments of the two countries. Alibaba has invested in sports and entertainment, as well as content and distribution, Chen noted. He added that in March, Alibaba launched Yulebao — a crowd-sourced film investment fund that individuals can use to invest in movies or games, with initial outlay starting at 100 yuan — and it managed to meet its funding target of $11.8 million in less than a week. In fact, the central government is committed to promoting the development of the national entertainment industry. "We will enhance the development of cultural industries and foster a well-regulated market for cultural goods. We will develop culture and arts, the press and publishing, and radio, television and film, and run archives well,” Premier Li Keqiang said in his Report on the Work of the Government (2014). Karon Wan, partner at Deloitte Consulting (Hong Kong), said the mainland entertainment industry is moving rapidly, with people investing in the sector for various reasons and that they are not necessarily experts themselves. High-tech changes The industry is being driven fast by public demand, and that demand is being boosted by technologies, said Wan. "Advanced technologies have enabled people to watch films or television series on their mobile phones and tablets. Meanwhile, a lot of applications have been developed on the mainland for people to get access to these resources, like PPTV,” he said, referring to the online video network technology platform. Box office revenues on the mainland are increasing at a very fast pace, and it is predicted that they will grow from $3.13 billion in 2013 to $5.9 billion in 2018, with the compound annual growth rate expected to be as much as 13.5 percent, according to PricewaterhouseCoopers. Meanwhile, the mainland online video market is also expanding quickly, growing from 1.76 billion yuan in 2009 to 8.96 billion yuan in 2012. The market is expected to expand to 16.53 billion yuan this year and to 25.95 billion yuan in 2016, according to iResearch, an organization focused on studying the mainland Internet industry. Contact the writer at sophiehe@chinadailyhk.com
2014-12-10全球經濟再平衡下的前海金融發展新機遇 (2014年12月6日)中國日亞洲領袖圓桌論壇與前海創新研究院今日於深圳前海合辦前海金融創新大會公開論壇,探討“全球經濟再平衡下的中國動力:聚焦深圳和香港的金融合作創新”。深圳市副市長唐杰、前海深港現代服務業合作區管理局局長張備等深圳特區領導出席了此次論壇。來自香港、東盟及歐洲的六位專家學者與近400名參會嘉賓暢談中國提出的多項戰略舉措如何促進區域和國際經濟發展,以及深圳前海、香港在當中所面臨的機遇及挑戰。 深圳市副市長唐杰在開幕致辭中表示深圳是中國最早的經濟特區之一,市場化意識非常濃厚,經過30多年的發展,已經進入全球國際金融中心前三十強。國務院於2010年8月批准了“前海深港現代服務業合作區總體發展規劃”,並以此作為2020年之前前海發展路線圖。前海的設立是為了通過與香港合作開啟一個現代服務業發展的新時代。作為創新性現代服務的先鋒區,前海有望對中國新的經濟增長模式作出貢獻。積極投身於21世紀海上絲綢之路的建設,前海將貢獻於亞洲和歐洲的發展,並可能構建一個新的國際金融架構,推動全球經濟增長的新紀元。 前海深港現代服務業合作區管理局局長張備在會上發表講話稱改革開放35年來,中國的經濟發生了翻天覆地的變化。作為中國改革開放的先鋒城市,深圳最大的特點是創新和包容。目前,深圳正在努力推動建設粵港澳自貿區、推動珠三角大灣區的發展,繼續引領“市場化”改革的新突破,不斷增創“法治化”環境的新優勢,率先樹立“國際化”城市的新標杆,全力打造“前海”全面深化改革的戰略平台,推動深圳在新一輪改革開放中繼續幹在實處、走在前列。前海重點發展金融、現代物流、信息服務、科技及專業服務四大產業,其中金融業和金融創新的分量最重、最引人注目。在國家的大力支持下,在入區企業家們的辛勤耕耘下,前海將成為中國新一輪改革開放的“試驗田”和“橋頭堡”,成為世界觀察中國發展的“新窗口”,為國家戰略實施作出獨特的貢獻。 國家關於發展深圳前海深港現代服務業合作區,通過與香港的合作,前海有望成為現代服務業,特別是金融服務業的國際中心,使得前海未來發展受到國際的高度關注。本次論壇的演講嘉賓包括香港大學經濟與工商管理學院副院長林晨教授、恆生銀行環球銀行及資本市場部執行董事及業務主管馮孝忠先生、馬來西亞回教教義銀行董事長及東盟工商諮詢理事會主席馬吉德•穆尼爾博士、柬埔寨東盟銀行家協會主席方僑生先生、前印度尼西亞中央銀行副行長納蘇蒂•安瓦爾先生和前歐盟委員會貿易委員卡雷爾•德古特先生。各位嘉賓就前海的金融發展與亞洲、歐盟國家等合作與發展關係等做出詳細闡述,此外,嘉賓們還就前海的長足發展為中國在全球經濟發展的方向方面做出展望,香港與深圳前海的深港合作必將為珠三角乃至整個中國以及亞洲的現代服務物流業以及金融業做出卓越的貢獻。 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平台,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了超過30屆,逾萬名決策精英。(http://www.cdroundtable.com) PDF Download: attach/pdf/Qianhai%2006122014/%E6%96%B0%E8%81%9E%E7%A8%BF.pdf
2014-12-10China and ASEAN (Association of Southeast Asian Nations) countries are to benefit each other from increased economic cooperation and integration with the creation of the 21st Century Maritime Silk Road - one of China's most significant and latest national strategies - a China Daily Roundtable conference on the region's economic development outlook heard on Tuesday. "Asia today is on the threshold of a momentous era in economic development and advancement, with China having taken the lead in pushing a string of initiatives that are aimed at not only linking up the whole of Asia, but also giving the continent the impetus it desperately needs to spur growth after a period of global economic stagnation and uncertainties," Zhou Li, publisher and editor-in-chief of China Daily Asia Pacific, said in his welcoming address at the panel session entitled "China, ASEAN and the New Silk Road - Global Financial Perspectives" as part of the Asian Financial Forum (AFF) in Hong Kong. "The New Silk Road illustrates the development of Asia. It connects the world's second-largest economy with 600 million people of the ASEAN economic community. This new dynamic project has the ability to create a tremendous amount of change in finance and business, in which Hong Kong is well positioned to tap the opportunities," stressed Raymond Yip, deputy executive director of the Hong Kong Trade Development Council, the organizer of AFF - one of the most important annual events on the global financial calendar. Xu Ningning, executive president of the China-ASEAN Business Council, affirmed that Hong Kong has its special advantages in the development of the New Silk Road, including its strategic geographic location and its natural connection with ASEAN countries (The Association of Southeast Asian Nations), as well as the Chinese mainland, not to mention its strength in financial services. "The end of this year is expected to witness the establishment of the ASEAN Economic Community, which the New Silk Road will help to promote. It could be the first stop of Chinese outbound investment. Meanwhile, China can also support infrastructure construction to solve the imbalance within ASEAN," Xu said. China, ASEAN economic bonds set to strengthen "We estimate that ASEAN will become world's fourth-largest economy by 2050. But demand for infrastructure investment is huge," said Perry Warjiyo, deputy governor of Bank Indonesia. "We are opening up for investments and make the economy more market driven. During the next five years, in Indonesia alone, we will build 15 new airports, 24 ports and over 3,000 kilometers of highways. An estimated $450 billion is needed for all these projects and more. We are looking for closer cooperation with other countries, including China and the US," he said. While working together to update infrastructure in ASEAN member states, the New Silk Road will also help to keep the South China Sea peaceful, said Tan Sri Dr Michael Yeoh, chief executive officer of Malaysia's Asian Strategy and Leadership Institute. "The setting up of various offshore renminbi clearing centers in ASEAN will deepen its connectivity with China and make the economy stronger," Yeoh said. Identical views were expressed by China-ASEAN Investment Cooperation Fund Chief Executive Officer Li Yao, who said that linking China and ASEAN markets together, the New Silk Road will promote the circulation of capital flow, technology and goods in the region, facilitating sustainable growth in the long term. Vivek Pathak, director of Asia Pacific Department at International Finance Corporation, told the session that due to the demand to diversify asset location and expand Chinese brands, capital outflow from China will be the key phenomenon for the next decade. "ASEAN is the most logical market for Chinese mainland manufacturers, given its size and growth, and the financial service sector will follow," he said. http://www.chinadaily.com.cn/hkedition/2015-01/21/content_19362959.htm
2015-01-21Regional Leading Experts DiscussNew Silk Road and Asian Economic Development Jan 20 2015, Hong Kong - More than 300 delegates representing some of the largest financial institutions from around the world participated in a special panel session organized by China Daily at the Asian Financial Forum held at the Hong Kong Convention and Exhibition Center on January 20, 2015. Speakers at the panel on “China, ASEAN and the New Silk Road - Global Financial Perspectives,” included leaders in government, finance and academia. To facilitate further development and cooperation of the various Asian economies, which have already become an engine of global growth, China has initiated several groundbreaking initiatives that include “21st Century Maritime Silk Road”, “One Belt One Road”, and “Silk Road Fund” since 2013.Meanwhile, ASEAN economies are focusing on building closer financial and trade ties for common development.These initiatives will not only result incloser economic ties between China and the ASEAN, but also create regionalprosperity that can have a profound impact on the global economic landscape. Mr. ZHOU Li, Publisher & Editor-in-Chief of China Daily Asia Pacific said in the welcoming speech that with China having taken the lead in pushing a string of initiatives, Asia today is on the threshold of a momentous era in economic development and advancement. “The New Silk Road illustrates the development of Asia. This new dynamic has the ability to create tremendous amount of change in finance and business, in which Hong Kong is well positioned to tap the opportunities," stressed Mr.Raymond YIP, Deputy Executive Director of Hong Kong Trade Development Council, the organizer of AFF, one of the most important annual events on global financial calendar. The panelistsincluded Mr. XU Ningning, Executive President of China-ASEAN Business Council; Dr. LI Yao, Chief ExecutiveOfficer of China-ASEAN Investment Cooperation Fund (CAF); Dr. Perry WARJIYO, Deputy Governor of Bank Indonesia; Tan Sri Dr. Michael YEOH, Co-Founder and Chief Executive Officer, Asian Strategy and Leadership Institute (ASLI); Mr. Vivek PATHAK, Regional Director Asia and the Pacific of International Finance Corporation;Prof. HUANG Yiping,Professor of Economics and Deputy Dean of National School of Development, Peking University and Prof. Edward CHEN, Distinguished Institute Fellow and Honorary Professor of The University of Hong Kong, and President of Qianhai Institute for Innovative Research. Hong Kong has its special advantages in the development of the New Silk Road, including its strategic geographic location and its natural connection with ASEAN countries as well as the Chinese mainland, affirmed Xu. He expected that the New Silk Road will help to promotethe establishment of ASEAN Economic Community by the end of this year. "We estimate ASEAN will become the world's fourth largest economy by 2050. But demand for infrastructure investment is huge", said Warjiyo.“Linking China and ASEAN markets together, the New Silk Road promotes circulation of capital flow, technology and goods in the region, which facilitates sustainable growth in the long term”, said Li.Pathak maintained that ASEAN is the most logical market for Chinese manufacturers, given its size and growth. “And the financial service sector will follow,” he added.The setting up of various offshore yuan clearing centers in ASEAN will deepen its connectivity with China and make the economy stronger, said Yeoh.Huang and Chen also shared their view on the topic from China perspective, based on China economic transformation and experiment such as Qianhai Free Trade Zone. This China Daily Asia Leadership Roundtable panel marks the cooperation with Hong Kong Trade Development Council (HKTDC) onAsian Financial Forum (AFF) for the fourth consecutive year, providing a platform for exchanging market intelligence and exploring new business opportunities across Asia. Panelists from China and ASEAN were sharing their views on the topic. From left to right: Mr. XU Ningning, Executive President of China-ASEAN Business Council; Dr. LI Yao, Chief Executive Officer of China-ASEAN Investment Cooperation Fund (CAF); Prof. HUANG Yiping, Professor of Economics and Deputy Dean of National School of Development, Peking University; Mr. Alexander WAN, Senior Advisor of China Daily Asia Pacific (moderator); Dr. Perry WARJIYO, Deputy Governor of Bank Indonesia; Tan Sri Dr. Michael YEOH, Co-Founder and Chief Executive Officer, Asian Strategy and Leadership Institute (ASLI); Mr. Vivek PATHAK, Regional Director Asia and the Pacific of International Finance Corporation; and Prof. Edward CHEN, Distinguished Institute Fellow and Honorary Professor of The University of Hong Kong, and President of Qianhai Institute for Innovative Research. About China Daily Asia Leadership Roundtable The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia. PDF Download: attach/pdf/AFF%2020012015/Press%20release.pdf
2015-01-21中國日報四度攜手亞洲金融論壇 匯聚業界精英共議新絲路與亞洲經濟發展 (2015年1月20日香港)今日,中國日報第四次攜手亞洲金融論壇,舉辦題為「中國,東盟和新絲綢之路——全球金融發展視角」的論壇。七位來自政、學、商界的專家各抒己見,探討新絲綢之路及東盟經濟共同體成立給中國以及東盟各國帶來的機遇和挑戰,論壇吸引了逾300名來自世界各地的金融業精英人士參與。 亞洲近年來經濟騰飛,舉世矚目,成為世界經濟發展的重要引擎;東西方不約而同地預示二十一世紀將是「亞洲世紀」。自2013年來,中國接連提出「二十一世紀海上絲綢之路」、「一帶一路」、「絲綢之路基金」等一系列戰略規劃,東盟經濟共同體亦著眼於發展與合作,建立更緊密的金融、貿易紐帶。 這些舉措不僅將推動中國及東盟的地區一體化進程,促進亞洲區內合作及發展,亦將對世界經濟版圖產生深遠影響。但與此同時,在瞬息萬變的世界經濟形勢下,亞洲經濟發展也面臨前所未有的挑戰。 中國日報亞洲領袖圓桌論壇連續四年與香港貿易發展局合作舉辦專題論壇,為來自亞洲金融及相關行業人士提供了一個相互交流與探討的平台,解讀新形勢下中國、東盟及世界金融面臨的挑戰與機遇,以便於亞太區內成員交換市場信息,助力亞洲地區開拓新的營商機遇。 中國日報亞太分社社長兼總編輯周立先生在致辭中表示,21世紀海上絲綢之路、亞洲基礎設施投資銀行等計劃是前所未有的,這些都將有利於亞洲地區的經濟發展和金融合作。東盟經濟共同體正在建立的貨物、服務與資金流將進一步推動東南亞經濟圈的發展。香港貿易發展局副總裁葉澤恩先生在致辭中也表示,在亞洲金融論壇與大家共同探討中國、東盟和新絲綢之路的發展具有非凡意義。 論壇邀請到中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;北京大學國家發展研究院教授、副院長黃益平教授;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授作為演講嘉賓,他們結合當下中國、東盟及世界金融形勢發展,分析了行內的合作機會及未來發展動向。 許寧寧表示中國與東盟有著山水相連的關係,雙方經貿的互補性對經濟的發展具有重要意義,新絲綢之路的建設將有利於東盟共同體的建成,並且將發揮重要作用。在新絲綢之路的建設中,香港可以發揮其重要的區位及經濟優勢,推動中國及東盟國家的貿易往來及發展,實現互利共贏。 佩里‧瓦吉悠指出在東盟經濟貿易往來中,印度尼西亞政府在基礎設施建設等方面給予了大力支持。他強調,東盟共同體的建設離不開體內各國的共同支持與促進。丹斯里拿督楊元慶表示中國與東盟國家的不斷貿易往來將進一步促進雙邊經濟的共同發展,新絲綢之路的建設將給雙方帶來更多的合作與發展機遇,中國將更好地成為東盟國家的最大貿易夥伴。 李耀對新絲綢之路的建設與發展提出了兩個方向。首先,中國及東盟國家如何促進雙邊經濟貿易可持續發展;其次是新絲綢之路將怎樣連接中國-東盟與全球經濟發展。新絲綢之路不斷促進資金、技術等流向東盟的發展中國家。中國在國際南南合作項目中發揮著重要作用,中國及東盟國家的互相信任才能促進雙方的長足互利發展。Vivek PATHAK表示中國及東盟的金融發展離不開基礎設施建設,新絲綢之路等一系列計劃將會促進中國同東盟國家之間貿易、技術、資金等合作。 黃益平指出新絲綢之路的建設是中國在發揮其經濟互利合作的優勢,以促進中國與東盟國家的不斷發展。在經濟的轉型發展下,中國也在不斷調整經濟策略,未來將會有更多的海外貿易經濟合作,促進雙方的貿易及經濟往來。最後,陳坤耀就前海-香港經濟合作區在新絲綢之路及在東盟經濟發展中的重要性做出闡述。前海-香港經濟合作區內的金融服務行業、物流行業及IT行業將會為中國與東盟國家的金融貿易提供更多合作與發展機遇。 中國日報亞洲領袖圓桌論壇與亞洲金融論壇攜手舉辦題為“中國,東盟和新絲綢之路——全球金融發展視角”的論壇,匯聚了近三百名來自世界各地的金融行業精英。圖為論壇現場的演講嘉賓:中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;北京大學國家發展研究院教授、副院長黃益平教授;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授。 中國日報亞洲領袖圓桌論壇與亞洲金融論壇攜手舉辦題為“中國,東盟和新絲綢之路——全球金融發展視角”的論壇,匯聚了近三百名來自世界各地的金融行業精英。圖為論壇現場的演講嘉賓:中國-東盟商務理事會執行理事長許寧寧先生;中國-東盟投資合作基金總裁李耀博士;北京大學國家發展研究院教授、副院長黃益平教授;印尼銀行副行長佩里‧瓦吉悠博士;亞洲策略與領導研究院創始人兼首席執行官丹斯里拿督楊元慶博士;國際金融公司亞太局局長Vivek PATHAK先生;香港大學傑出院士及名譽講座教授、前海創新研究院院長陳坤耀教授。 -完- 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平台,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了31屆,逾萬名決策精英參與。 PDF Download: attach/pdf/AFF%2020012015/%E6%96%B0%E8%81%9E%E7%A8%BF.pdf
2015-01-21Industry Leaders Meet in Hong Kong Investment Opportunities in China’s Entertainment Industry Powered by the Internet Dec 5, 2014, Hong Kong – China Daily held a Special Panel Session on “The Midas Touch: A New Breed of Investors in China's Entertainment Industry Powered by the Internet” at Hong Kong Venture Capital and Angel Investment Conference at 10.45am to 11.30am in Hong Kong Convention and Exhibition Centre toexplore investment opportunities in China’s flourishing Entertainment Industry. China has been striving to develop its culture industry with heavy investment in the production of movies, TV series and other programs suitable for the new media. With its huge population and a rapidly growing middle-class, China's entertainment market is growing the fastest in the world. According to estimates by the Motion Picture Association of America, there are 13 new cinemas opening in China every day. Last year, The Chinese movie market overtook Japan as the world's second largest in box office revenue. Alibaba pioneered the establishment of an investment fund through which investors can invest in the production of movies, TV programmes and online games. Since then, several other technology companies, including Baidu, Tencent and many others, have also introduced similar funds. Mr. ZHOU Li, Publisher & Editor-in-Chief of China Daily Asia Pacific opened the session highlighting China's cultural industry, especially the film industry,is blossoming exponentially. This lucrative industry has attracted a new wave of internet-led investors.Mr. Zhou also welcomed distinguished speakers, including Mr. WANG Guo Wei, Founder, National Film Capital; Mr. David CHEN, Co-Founder, AngelVest and Mr. Karon WAN, Public Sector Managing Partner, Deloitte Consulting (Hong Kong) Limited. Mr. Wang observed the rise in China’s movie industry. He says, “we have witnessed an explosive investment growth in China’s movie industry in the first half of 2014.” Mr. Chen agreed that China’s entertainment industry is flourishing with increased capital injection into the industry. “We’ve seen many trends happening in entertainment and media industries in China during the past couple of years, very similar to what we’ve seen in the US about two decades ago.” Mr. Wan also saw a new breed of investors in China’s entertainment industry, saying that “the entertainment industry in China is actually moving very fast, people are investing in this industry for various of reasons and they are not necessarily experts.” This is our first cooperation with Hong Kong Science & Technology Parks Corporation and our session has attracted over 400 angel investors and entrepreneurs to garner insights on unprecedented investment and financial opportunities in China’s cultural industry which is effectuated by the Internet. About China Daily Asia Leadership Roundtable The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia. (http://www.cdroundtable.com)
2014-12-10Commerce and economic development secretary Gregory So said opportunities are “particularly visible in Hong Kong as the trend of use and creation of IP is shifting towards Asia”. So said economic development in mainland China was also driving IP interest and “presents huge market potential”. According to So, Hong Kong is increasingly seen as “a regional marketplace and service centre” for activities such as copyright trading, licensing and franchising, design services and technology transfer. Hong Kong has seen average annual growth of 8% in the value of export of services relating to the use of IP since 2007, reaching about 4 billion Hong Kong dollars (HKD) ($516 million) in 2012, he said. “The value of import of services relating to the use of IP, at over HKD 15bn ($1.9bn) in 2012, has registered an annual growth rate of 6% since 2007,” So said. So told the Business of Intellectual Property Asia Forum on 4 December: “Hong Kong is fully equipped to pioneer in new frontiers in the evolving IP landscape due to its sound legal and financial infrastructure, highly open markets, deep pool of bilingual and experienced IP talent and robust IP regime, in full compliance with the requirements of international IP treaties, as well as low-tax regime and world-class business professionals.” Hong Kong’s “unique characteristics can act as an IP middleman, connecting buyers and sellers to partners on the mainland and across Asia” So said. He said the territory can also be a “sourcing platform for business-matching and trading in the IP realm, as an intermediary service provider supplying one-stop service in IP trading, and as a modifier or customiser of IP to suit the special needs of mainland buyers”.
2014-12-10HK to become IP hub The Government is committed to developing Hong Kong into a regional intellectual property trading hub for co-ordinating IP business activities, Secretary for Commerce & Economic Development Gregory So said today. Addressing the Business of Intellectual Property Asia Forum luncheon, Mr So said the opportunities are particularly visible in Hong Kong as the trend of use and creation of IP is shifting towards Asia, particularly in view of the Mainland's economic development, which presents huge market potential. He noted that as a regional marketplace and service centre for activities such as copyright trading, licensing and franchising, design services and technology transfer, Hong Kong has seen average annual growth of 8% in the value of export of services relating to the use of IP since 2007, reaching about $4 billion in 2012. The value of import of services relating to the use of IP, at over $15 billion in 2012, has registered an annual growth rate of 6% since 2007, he added. Mr So noted that Hong Kong is fully equipped to pioneer in new frontiers in the evolving IP landscape due to its sound legal and financial infrastructure, highly open markets, deep pool of bilingual and experienced IP talent and robust IP regime in full compliance with the requirements of international IP treaties, as well as low-tax regime and world-class business professionals. Mr So added that with its unique characteristics, Hong Kong can act as an IP middleman connecting buyers and sellers to partners on the Mainland and across Asia, as a sourcing platform for business-matching and trading in the IP realm, as an intermediary service provider supplying one-stop service in IP trading, and as a modifier or customiser of IP to suit the special needs of Mainland buyers. http://www.news.gov.hk/en/categories/finance/html/2014/12/20141204_180504.shtml
2014-12-10Industry experts line up for the cameras after speaking at a China Daily roundtable on the opportunities and challenges presented by cross-border cooperation in the financial services sector, which is shaping up to be a win-win proposition for both Hong Kong and Shenzhen’s Qianhai modern services zone. (Parker Zheng / China Daily) W ith the nation seeking speedier opening up of its financial services industry, huge opportunities for innovative cross-border finance services have opened up for Hong Kong, bringing its cooperation with Shenzhen closer, experts told a China Daily roundtable at the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. “Qianhai has every possibility to become a hub for cross-border mergers and acquisitions (M&A) of Chinese companies, especially for small and medium-sized enterprises (SMEs),” said Lin Chen, chair professor and associate dean of the Faculty of Business and Finance at the University of Hong Kong, in addressing the roundtable audience on Saturday. Lin observed that more and more private companies, especially SMEs, are looking abroad and the targeted industries of their M&A activity have become more diversified. However, Lin admitted: “Current performance of these M&As is not very good. The completion rate is only about 40 percent and many of them are losing money.” Lin said that Hong Kong, in close cooperation with Qianhai, can improve the situation because of its rich professional resources in accounting, laws and financial advice, while Qianhai can help these companies easily access the Hong Kong capital market. Qianhai has released various innovative policies in financial services, such as leveraged and equity financing, in order to help the development of mainland SMEs. Andrew Fung, executive director and head of global banking and markets at Hang Seng Bank, also noted the fast development of mainland SMEs. But he agreed that these enterprises are facing funding challenges and said this gives Hong Kong financial institutions a chance. Closer ties no easy task However, Karel De Gucht, former European trade commissioner, stated that it is a challenge for Hong Kong and Qianhai to work together in the future and make it a win-win situation. “It’s certainly not going to be an easy thing,” he said. The central government last week released a new plan across various sectors, highlighting finance services, in an effort to promote the structural optimization of Hong Kong and to further increase its connectivity with the mainland. The number of Hong Kong-based companies in Qianhai as of Dec 7 has exceeded 1,000, with total investment surpassing 160 billion yuan ($25.9 billion), according to the Qianhai Authority. Hang Seng’s Fung evaluated the prospects for Qianhai-Hong Kong cooperation from another perspective. “The internationalization of the RMB has gone beyond the first stage of use as a change and settlement currency,’’ Fung said, adding that many international finance institutions “are prepared to include RMB as an investment currency.” He believes the most efficient method for international payment is “through Hong Kong banks via their domestic corporate banks in Shenzhen.” So international payment makes cooperation between Hong Kong and Shenzhen very important for the SAR to maintain its status of RMB internationalization center, Fung stressed. For closer cooperation, he suggested that Qianhai should launch more innovative financial policies, including increasing the quota of free fund exchange between Hong Kong banks and their branches in Qianhai. He also suggested issuing more licenses for Hong Kong financial institutions to set up their own establishments in the pilot zone. According to the new plan of the central government, the admittance threshold will be further lowered to encourage more Hong Kong banking institutions to set up corporate banks or branches in Qianhai. In addition, a pilot program involving cross-border RMB loans made by Hong Kong-based banks to non-banking financial institutions is on the way. Call to cast net wider Munir Majid, chairman of the ASEAN Business Advisory Council, suggested that financial institutions in Qianhai also introduce new types of institutions and services targeting markets in the Association of Southeast Asian Nations (ASEAN) market. “In ASEAN, young people will need financial services of various types as the population structure will give rise to an explosion of consumer boom,” Majid said. ASEAN already accounts for the world’s third-largest population after China and India, with 50 percent of its people below 30 years of age. “Qianhai’s efforts are certainly in the right direction,” Majid said, “because the irony for China to achieve such great economic growth is the missing link of its financial flows presence. No country can control the future without also having a control of financial flows, or having a big market in financial flows.” More than 8,500 financial companies have registered in Qianhai so far, of which 17 are banks, 48 are security companies and 2,559 are equity investment firms, along with 333 commercial factoring and 184 finance leasing companies. Anwar Nasution, former senior deputy governor of Bank Indonesia, had this to say: “Personal use of the RMB is encouraged by allowing financial institutions in Hong Kong to open RMB-denominated accounts and its use for cross-border settlement, including sending remittances to Chinese mainland.” Nasution also believes the Asia Infrastructure Investment Bank (AIIB) and a new BRICS development bank China initiated recently can provide fiscal stimulus for both the stagnating world economy and the Qianhai pilot zone. Pung Kheav Se, chairman of the ASEAN Bankers Association, added: “AIIB can offer its inaugural technical assistance and special loan programs to the countries in CLMV (Cambodia, Laos, Myanmar and Vietnam), with covenants that are more aligned to the needs and abilities of these countries.” “The multiplier effect on the economies that will benefit from such arrangements will be large and create spin-offs across ASEAN and China.” Although China is one of the leading CLMV investors, Pung believes there is still more that the central government as well as public and private enterprises can do to further spur economic development. Contact the writer at grace@chinadailyhk.com http://www.chinadailyasia.com/2014-12/10/content_15201589.html
2014-12-10Edward Chen Kwan-yiu, president of the Qianhai Institute for Innovative Research, sees the need for a “critical mass”. (Parker Zheng / China Daily)The importance of Qianhai Cooperation Zone lies not only in its pilot role of spearheading financial innovation, but also in its key role in correcting the misalignment of the country’s economic structure, said Edward Chen Kwan-yiu, president of the Qianhai Institute for Innovative Research. “The central government has designated Qianhai as a pilot for a range of innovative policies. In the process of internationalization of the renminbi and the opening up of its capital account, China has to ‘feel the stones while crossing the river’ and Qianhai has been chosen as ‘the first stone’,” Chen told China Daily in an exclusive interview during the Qianhai Conference in Shenzhen from Dec 6 to 7. Besides, Qianhai plays an important role in the adjustment of the country’s overall economic structure. Although the mainland has developed at a high speed in the past 20 years, the national economic structure has remained immature, with the modern service sector lagging far behind, Chen said. “One immaturity is the underdevelopment of the country’s modern service sector,” he said. “China has to correct the immaturity in its economic development. In this sense, Qianhai’s role is quite important. It is going to correct the misalignment of the country’s economic structure.” Despite the uniqueness of Qianhai, Chen admitted that there are impediments to its attracting talents. “Infrastructure has not been fully completed and businesses have yet to be well-established in the zone,” Chen said. But he is confident about the future of Qianhai. “I can see a lot of potential,” Chen said. To attract more enterprises and talents, Qianhai needs to create a “critical mass,” he added. “When a sufficient number of enterprises — adventurous, ambitious or risk-taking ones, for example — come to Qianhai and make profits here, they will definitely inspire others to come,” Chen said. “Once a ‘critical mass’ is created, many people would come and invest. After that, you will get a ‘herd instinct’ — people would just come.” He did not elaborate how Qianhai could create the “critical mass”, but said “it’s not easy.” The institute Chen heads aims to provide policy research support for the government and for enterprises in Qianhai. To help businesses do better in the special zone, the institute will provide services like knowledge exchange and dissemination. “We will offer support and services to enterprises in Qianhai in various ways, like conducting regular lectures, seminars and workshops, producing newsletters, inviting scholars, and so forth,” Chen said. In the longer term, the institute will not only serve Qianhai and Shenzhen, but also bring Qianhai’s experience to the outside world. “We are thinking of launching a ‘Qianhai International Journal’ focusing on the modern service industry to bring Qianhai to the world and also bring the world to Qianhai,” Chen said. sally@chinadailyhk.com
2014-12-10400名投資者出席亞洲領袖圓桌論壇 共同探討中國娛樂互聯網的投資機遇 (2014年12月5日)適逢《亞太創新峰會》邁進十週年,中國日報亞洲領袖圓桌論壇與「香港創投和天使投資會議」攜手,今日於香港會展中心舉辦題為「互聯網時代下的中國娛樂產業投資新趨勢」的專題研討會。論壇彙聚了逾400名天使投資者及企業家,共同探討互聯網如何為中國文化娛樂產業帶來前所未有的投融資機會。 去年中國電影票房收益達220億人民幣,僅次於長居首位的美國。電影業的興起和電子遊戲銳不可擋的勢頭,再加上國家的高度重視及相關政策的支持,造就了行內不少大規模的併購交易。阿里巴巴集團旗下公司阿里影業便是典型的例子,其推出的「娛樂寶」更掀起一股投資熱潮。娛樂產業互聯網化將為中國乃至全世界的投資者帶來前所未有的機遇,但中國文化娛樂產業鏈將如何緊貼行業趨勢,穩步向前並且持續發展亦成為論壇的焦點。 中國日報亞太分社社長兼總編輯周立先生在致辭中表示,中國在發展經濟與科技的同時,亦大力促進文化娛樂產業的發展,提供了一個良好的機遇平臺,也讓世界更多地了解中國文化。文化娛樂產業的貢獻價值將會被社會肯定。 論壇演講嘉賓包括國影基金創始人王國偉先生、天使谷(AngelVest)聯合創始人陳泰傑先生和德勤企業管理諮詢(香港)有限公司政府及公共事務主管合夥人尹嘉亮先生和與會嘉賓分享了各自的投資經驗。 王國偉先生就互聯網時代下的中國娛樂產業投資的新趨勢做出詳細闡述,他指出在今天電影行業已經瘋狂崛起,更多的資金開始進入電影行業。針對中國電影行業的現狀,他提出了四點有關中國電影產業的發展方向,包括合拍合作模式,基金與製片相結合模式,全產業鏈模式以及最為關鍵的互聯網模式。陳泰傑先生以及尹嘉亮先生同時也對中國的娛樂互聯網產業投資的發展趨勢和方向做出闡述。 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平臺,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了30屆,逾萬名決策精英參與。 -完- PDF Download: attach/pdf/AIS%2005122014/%E4%B8%AD%E5%9C%8B%E6%97%A5%E5%A0%B1%E5%B0%88%E9%A1%8C%E7%A0%94%E8%A8%8E%E6%9C%83%E6%96%B0%E8%81%9E%E7%A8%BF%20%EF%BC%882014%E5%B9%B412%E6%9C%885%E6%97%A5%E9%A6%99%E6%B8%AF%E6%9C%83%E5%B1%95%EF%BC%89%20.pdf
2014-12-10The Chinese mainland’s entertainment industry is growing at an incredible rate, offering huge opportunities for investors as demand from an increasingly affluent population grows, experts told a China Daily roundtable in Hong Kong on Friday. "We’ve witnessed explosive investment growth in the mainland’s film industry in the first half of 2014, and we are seeing the rise of the film industry,” said Wang Guowei, founder of National Film Capital. For the first six months of this year, there were 63 mergers and acquisitions(M&As) involving film companies, with total capital reaching 55 billion yuan ($8.9 billion) said Wang, adding that among these companies, nearly 60 percent of them were acquired by enterprises from other industries. He noted that a major part of the acquisitions were targeting the assets or copyrights of television series. “We can see that investors and capital are eager to find their way into mainland’s film industry.” Wang said the rise of any industry has to be led by a large number of M&As. “And we can see that a few large and powerful companies are rounding up their territories in the movie industry,” he said. Investors who put their money into the mainland’s film industry are probably making money. “Breakup Buddies” — a Chine se film released on Sept 30 — has recorded box office revenues of 1.2 billion yuan, while “The Continent” — a film directed by famous mainland writer Han Han — drew revenues of 630 million yuan. David Chen, co-founder of AngelVest, said the company has seen many trends in the entertainment and media industries on the mainland in the past few years, and they are very similar to what they have seen in the US about two decades ago. "From my perspective, the major difference between the mainland’s movie industry at present and that in the US 20 years ago is the speed — the speed of how quickly a company can leverage their assets to grow further,” Chen said. He said the two technology giants on the mainland — Alibaba Group and Tencent Inc — are very good examples of large enterprises going into the entertainment industry. Alibaba recently invested in sports and entertainment, content and distribution, said Chen, adding that, in March this year, Alibaba launched Yulebao — a crowd-sourced film investment fund that individuals could use to invest in movies or games starting from 100 yuan, and it managed to meet its funding target of $11.8 million in less than a week. Karon Wan, a partner at Deloitte Consulting (Hong Kong) Ltd, said the entertainment industry on the mainland is moving rapidly, with people investing in this industry for various reasons and they are not necessarily experts themselves. The industry is fast driven by people’s demand, and people’s demand is boosted by technologies, said Wan. "Advanced technologies have enabled people to watch films, TV series on their mobile phones and tablets. Meanwhile, a lot of applications have been developed in China for people to get access to these resources, like PPTV,” he said.
2014-12-10The mainland entertainment industry is growing at an incredible rate, offering huge opportunities for investors as demand grows from an increasingly affluent population, experts told a China Daily roundtable in Hong Kong on Friday. "We’ve witnessed explosive investment growth in the mainland film industry in the first half of 2014, and we are seeing the rise of the film industry,” said Wang Guowei, founder of movie financiers National Film Capital. In the first six months this year, as many as 63 mergers and acquisitions (M&As) involving film companies were initiated, with total capital involved reaching 55 billion yuan ($8.9 billion), Wang said. Among these, nearly 60 percent of companies were acquired by enterprises from other industries, he added. A major part of the acquisition moves targeted the assets or copyright of television series, Wang noted. "We can see that investors and capital are eager to find their way into the mainland film industry.” He said the rise of any industry has to be led by a large number of M&As. “And we can see that a few large and powerful companies are rounding up their territories in the movie industry.” Investors who put their money into the mainland film industry are probably reaping profits. Breakup Buddies — a Putonghua film released on Sept 30 — recorded box office revenues of 1.1 billion yuan as at the end of October, while The Continent — directed by famous mainland writer Han Han — drew revenues of 630 million yuan. Wang also emphasized that aside from box office revenue, the mainland film industry has great potential in terms of developing related industries. Full speed ahead "In the United States, if the box office revenue of a film is one dollar, than the revenue from the related industries will be seven dollars, while in Japan, it will be five dollars; only on the mainland, when the box office revenue is one dollar, the revenue from related industries is 1.3 dollars.” David Chen, co-founder of investor interest group AngelVest, said the company has seen many trends in the mainland entertainment and media industries in the past few years, and that they are very similar to what they witnessed in the US about two decades ago. "From my perspective, the major difference between the mainland movie industry at present and the US one 20 years ago is the speed — the high speed at which a company can leverage their assets to grow further,” Chen said. He said the two technology giants on the mainland — Alibaba Group and Tencent Inc — are very good examples of large enterprises going into the entertainment industry. Chen also pointed out that government support could be very important for the entertainment industry to grow. He mentioned the thriving entertainment industry in Japan and South Korea, which are drawing many angel investors, thanks to the support provided by the governments of the two countries. Alibaba has invested in sports and entertainment, as well as content and distribution, Chen noted. He added that in March, Alibaba launched Yulebao — a crowd-sourced film investment fund that individuals can use to invest in movies or games, with initial outlay starting at 100 yuan — and it managed to meet its funding target of $11.8 million in less than a week. In fact, the central government is committed to promoting the development of the national entertainment industry. "We will enhance the development of cultural industries and foster a well-regulated market for cultural goods. We will develop culture and arts, the press and publishing, and radio, television and film, and run archives well,” Premier Li Keqiang said in his Report on the Work of the Government (2014). Karon Wan, partner at Deloitte Consulting (Hong Kong), said the mainland entertainment industry is moving rapidly, with people investing in the sector for various reasons and that they are not necessarily experts themselves. High-tech changes The industry is being driven fast by public demand, and that demand is being boosted by technologies, said Wan. "Advanced technologies have enabled people to watch films or television series on their mobile phones and tablets. Meanwhile, a lot of applications have been developed on the mainland for people to get access to these resources, like PPTV,” he said, referring to the online video network technology platform. Box office revenues on the mainland are increasing at a very fast pace, and it is predicted that they will grow from $3.13 billion in 2013 to $5.9 billion in 2018, with the compound annual growth rate expected to be as much as 13.5 percent, according to PricewaterhouseCoopers. Meanwhile, the mainland online video market is also expanding quickly, growing from 1.76 billion yuan in 2009 to 8.96 billion yuan in 2012. The market is expected to expand to 16.53 billion yuan this year and to 25.95 billion yuan in 2016, according to iResearch, an organization focused on studying the mainland Internet industry. Contact the writer at sophiehe@chinadailyhk.com
2014-12-10全球經濟再平衡下的前海金融發展新機遇 (2014年12月6日)中國日亞洲領袖圓桌論壇與前海創新研究院今日於深圳前海合辦前海金融創新大會公開論壇,探討“全球經濟再平衡下的中國動力:聚焦深圳和香港的金融合作創新”。深圳市副市長唐杰、前海深港現代服務業合作區管理局局長張備等深圳特區領導出席了此次論壇。來自香港、東盟及歐洲的六位專家學者與近400名參會嘉賓暢談中國提出的多項戰略舉措如何促進區域和國際經濟發展,以及深圳前海、香港在當中所面臨的機遇及挑戰。 深圳市副市長唐杰在開幕致辭中表示深圳是中國最早的經濟特區之一,市場化意識非常濃厚,經過30多年的發展,已經進入全球國際金融中心前三十強。國務院於2010年8月批准了“前海深港現代服務業合作區總體發展規劃”,並以此作為2020年之前前海發展路線圖。前海的設立是為了通過與香港合作開啟一個現代服務業發展的新時代。作為創新性現代服務的先鋒區,前海有望對中國新的經濟增長模式作出貢獻。積極投身於21世紀海上絲綢之路的建設,前海將貢獻於亞洲和歐洲的發展,並可能構建一個新的國際金融架構,推動全球經濟增長的新紀元。 前海深港現代服務業合作區管理局局長張備在會上發表講話稱改革開放35年來,中國的經濟發生了翻天覆地的變化。作為中國改革開放的先鋒城市,深圳最大的特點是創新和包容。目前,深圳正在努力推動建設粵港澳自貿區、推動珠三角大灣區的發展,繼續引領“市場化”改革的新突破,不斷增創“法治化”環境的新優勢,率先樹立“國際化”城市的新標杆,全力打造“前海”全面深化改革的戰略平台,推動深圳在新一輪改革開放中繼續幹在實處、走在前列。前海重點發展金融、現代物流、信息服務、科技及專業服務四大產業,其中金融業和金融創新的分量最重、最引人注目。在國家的大力支持下,在入區企業家們的辛勤耕耘下,前海將成為中國新一輪改革開放的“試驗田”和“橋頭堡”,成為世界觀察中國發展的“新窗口”,為國家戰略實施作出獨特的貢獻。 國家關於發展深圳前海深港現代服務業合作區,通過與香港的合作,前海有望成為現代服務業,特別是金融服務業的國際中心,使得前海未來發展受到國際的高度關注。本次論壇的演講嘉賓包括香港大學經濟與工商管理學院副院長林晨教授、恆生銀行環球銀行及資本市場部執行董事及業務主管馮孝忠先生、馬來西亞回教教義銀行董事長及東盟工商諮詢理事會主席馬吉德•穆尼爾博士、柬埔寨東盟銀行家協會主席方僑生先生、前印度尼西亞中央銀行副行長納蘇蒂•安瓦爾先生和前歐盟委員會貿易委員卡雷爾•德古特先生。各位嘉賓就前海的金融發展與亞洲、歐盟國家等合作與發展關係等做出詳細闡述,此外,嘉賓們還就前海的長足發展為中國在全球經濟發展的方向方面做出展望,香港與深圳前海的深港合作必將為珠三角乃至整個中國以及亞洲的現代服務物流業以及金融業做出卓越的貢獻。 中國日報亞洲領袖圓桌論壇是一個由亞洲國家和地區的政、商、學界領袖和社會精英參與的高端對話和交流平台,圍繞亞洲地區經濟、商業、產業和社會發展等具有戰略影響的重要議題展開討論,至今已經舉辦了超過30屆,逾萬名決策精英。(http://www.cdroundtable.com) PDF Download: attach/pdf/Qianhai%2006122014/%E6%96%B0%E8%81%9E%E7%A8%BF.pdf
2014-12-10