June 3, 2007. Shenyang -- The China Europe International Business School (CEIBS) Executive Forum held in Shenyang today attracted more than 400 entrepreneurs and government officials to Northeast China. The event, organized by the Shenyang municipal government and the CEIBS Shenyang Alumni Association, fostered business networking and information exchange between CEIBS and Shenyang.
Investment ties between CEIBS alumni and Shenyang are already strong. To date, six companies owned by CEIBS alumnus, including Yili Group, China Zhongye Group, and Tsinghua Zhicheng, and Beijing Lixiang New District, have invested more than RMB100 million each into the Shenyang Northern New District. Shenyang City Government Vice Secretary in Chief Qian Biao, who is also governor of the Shenyang Northern New District, said the forum would bring executives and entrepreneurs a better understanding of Shenyang, leading to increased investment. He also stressed that the event will expand CEIBS'influence in Northeastern China, and he expressed the willingness to establish a long term cooperation with CEIBS.
In his speech on "The Research and Academic Ability of Business Executives and Government Officials," CEIBS President Zhu Xiaoming said business executives and government officials should hone problem-solving skills as well as research skills. Using the issue of traffic congestion in London and Shanghai as an example, he stressed the importance of academic ability among government leaders in solving practical difficulties.
CEIBS President Zhu Xiaoming
CEIBS Economics Professor Xu Xiaonian discussed the top issues impacting the Chinese economy in his talk, "Excess Liquidity in the Economy and Market." Prof. Xu explained that the appearance of a financial bubble in China is closely linked to the financial structure of the country. He stressed that excess liquidity is caused by an overly rapid growth in loans and civil savings deposits, leading to an oversupply of cash in banks. This has caused two bubbles to form:one in the manufacturing field, the other in capital markets. Solving the problem, he said, depends upon creating sufficient capital products to absorb large amount of capital. Thus China's financial reform should seek to diversify financial products and investment channels.
CEIBS Economics Professor Xu Xiaonian
"The Developing Trend of Global Assets Management and Private Fund"was the topic of the closing speech, delivered by CEIBS alumni and Harvest Fund Co. General Manager Zhao Xuejun. Zhao explained that both the global assets management industry and China's financial industry are transforming, leaving the assets management industry with high development potential. He also stressed that the sustainable growth ability of private funds depends upon their productivity rather than their collection methods.
CEIBS alumni and Harvest Fund Co. General Manager Zhao Xuejun
The Shenyang Executive Forum follows similar executive forum held by CEIBS during the past year in Tianjing, Qingdao, Hangzhou, Xi'an, Shenzhen, Guangzhou. Later this year, CEIBS will host similar Executive Forum in Nanjing, Foshan and Changsha . Please check this website for event announcements.
For more information on the Shenyang Executive Forum, contact Yuan Mei at ymei@ceibs.edu or 021-28905122.
