ChinaMinshengInvestmentGrouphostsaSino-CambodianentrepreneurshipforuminCambodiain2016.
ChinaMinshengInvestmentGroup,oneofChina'sbiggestprivateinvestmentcompanies,hasmadeoutstandingachievementsinservingnationalstrategiessuchastheBeltandRoadInitiativeanddevelopmentoftheprivateeconomy,accordingtothecompany.
TheBeltandRoadInitiativereferstoastrategyproposedbyPresidentXiJinpingin2013forincreasedinternationalcooperationviatheSilkRoadEconomicBeltandthe21stCenturyMaritimeSilkRoad.
DongWenbiao,chairmanoftheboardatCMIG,saidthegrouphasmadeeffortstopromotetheBeltandRoadstrategysinceitsfoundationinShanghaiin2014.
Thecompanyhasbeenworkingtointegrateitselfintothestrategy,foundingaglobaladvisorycouncilofworld-renownedpoliticiansandeconomists.
ThecouncilhelditsthirdconferenceinShanghaiinOctober2016andamongthediscussiontopicswereopportunitiesbroughtaboutbytheBeltandRoadInitiative.
FormerPrimeMinisterofPakistanShaukatAziz,amemberofthecouncil,saidthatwhenglobaleconomyexperiencesupsanddowns,theinitiativepromotedbyChinawillbringmanyopportunities,GlobalTimesreported.
CurrentlyalmostalllargeconstructionprojectsinPakistanarecontractedbyChinesecompanies,withpositivedevelopmentprospectsinthecountry,Azizsaid.
DongsaidattheconferencethattheBeltandRoadInitiativeoffersextensivespaceforChinesecompaniestocooperatewithglobalenterprisesinawiderrangeoffields.PrivatecompaniesincludingCMIGwillmakefulluseofnationalpoliciesforcontinuousgrowth,hesaid.
CMIGalsohostedaSino-CambodianentrepreneurforuminCambodialastyear,Dongsaid,addingthatCambodianPrimeMinisterHunSenjoinedmorethan100Chinesecompaniesattheevent.
LiHuaizhen,presidentofCMIG,saidthatintegratingintotheBeltandRoadstrategyshouldbealong-termplanwithalastingandsustainablevisionandthathiscompanywillmaketheSino-Cambodianentrepreneurforumaregularfeature.
TheforumoffersanopportunityforChineseprivatebusinesspeopleandCambodianentrepreneurstonetworkanddiscussCambodianinvestmentpoliciesandprospectstofurthertheirmutualunderstandingandestablishcooperativeopportunities,Lisaid.
CMIGalsosetupaBeltandRoadindustrialfundinCambodiainlate2016andwillstrengthencooperationinsuchfieldsasnewenergy,financeandurbandevelopmentinthecountry.
ThecompanywilllearnfrompastsuccessfulinvestmentsandleadmoreChinesecompaniestodevelopintheCambodianmarket,Lisaid.
DongsaidCMIGstandsbehindtheBeltandRoadstrategyandthatthecompany'smissionistofacilitateChinesebusinessesdevelopingoverseas.
CMIGannouncedinMarch2015thatit,alongwithseveralleadingChineseprivateenterprises,wouldinvest$5billioninbuildinganindustrialparkinIndonesia.
"CMIGwilluseitsbrandadvantagetocontactlocalgovernment,helpChinesecompaniestogetfinancinginternationallyandconstructtheparkintheshortesttime,"Dongsaid.
HesuggestedthecentralgovernmenthaveaBeltandRoadindustryplanningcatalogtopromotecompaniesandproductsoverseas.
CMIGwasjointlyestablishedby60privatecompaniesandinitiatedbytheAll-ChinaFederationofIndustryandCommerce.
"Iamfullofconfidenceinthecompany'sdevelopmentasitnotonlycombinesresourcesof60enterprisesbutalsointegratesthewisdomofthecompany'sexcellententrepreneurs,"Dongsaid.
Economicdevelopmenthasenteredaneraofsharing,hesaid,and,ifcompaniesstilltrytogoitalone,itwillbedifficultforthemtostandoutamidfiercemarketcompetition,
LisaidthatdevelopingasagroupiscurrentlyanecessarytrendfortheChineseprivateeconomy.Someprovincial-levelinvestmentcompanieshavebeenfoundedbymultiplelocalprivatebusinessessincetheestablishmentofCMIG.
ItisademonstrationoftheCMIGmodel,gatheringprivatecompaniestodeveloptogether,Lisaid,addingthatontheroadtogroupdevelopment,CMIGisbecomingmoreconfidentinitsbrightprospects.