Putuo District hosts annual M&A conference
Print Edition
THE 2015 China M&A Annual Conference was held in Putuo District on November 4-5, with the theme of “The Belt and Road, Global Mergers and Acquisitions.” The event attracted a bevy of industry heavyweights and top officials, who gathered to take part in a series of keynote speeches, lectures and forums.
With the implementation of China’s “One Belt, One Road” initiative, many Chinese companies are going abroad in search of opportunities. Similarly, a growing number of local enterprises now regard expansion into the international market as an important part of their growth strategy.
At the fifth plenary session of the 18th CPC Central Committee, top leaders called for greater focus on innovation, coordination, environmentally-friendly development and openness to realize the targets set in the government’s 13th five-year plan.
Among these priorities, the concept of openness is meant to integrate China more deeply into the world economy by pursuing mutual benefits and “win-win” outcomes with other players in the global economy.
For this reason Chinese investors should be encouraged to actively participate in global economic governance and the establishment of a wider community with common interests, said Wang Qinmin, vice chairman of the 12th Chinese People’s Political Consultative Conference and chairman of the All-China Federation of Industry and Commerce, during a speech at the event.
Shanghai established an M&A financial hub in April 2014, attracting over 1,100 members and accelerating the improvement of market functions of the city’s international financial center, explained Shanghai’s Mayor Yang Xiong. This development took place against the backdrop of scientific progress and industrial transformation, factors which are themselves accelerating the development of the global M&A market, Yang added.
Authorities in Putuo have been active in developing the local financial industry in recent years, and officials believe the recent conference will mark a new milestone in the district’s industrial upgrading and transformation efforts.
Putuo’s own M&A financial hub already includes the Shanghai United Assets and Equity Exchange, over 1,000 registered foundations and six banks. In the future, Putuo officials plan to set up the Shanghai International M&A Exchange Center.
For its efforts to date, the Putuo district government received the M&A Promotion Award at the conference.
On a related note, the Museum of Mergers and Acquisitions opened to the public at Changfeng Eco-Business Park in Putuo on November 4. The attraction is believed to be the first museum in the world devoted to M&A. Representatives from M&A associations in the US, Japan and South Korea attended the opening ceremony.
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