Marcellus Wong, Vice Chairman of AMTD Group is invited to attend Yabuli China Entrepreneurs Forum Top guests first time gathered in Yinchuan to talk about Chinese economy

From August 18 to 20, “2017 The Yabuli China Entrepreneur Forum Summer Summit” was held in Yinchuan City, Ningxia Province. Marcellus Wong, Vice Chairman of AMTD Group, was invited and led the team of AMTD Group to attend the summit. At the same time, Marcellus Wong, as a guest speaker, spoke discussed with other guests at the roundtable forum "Finding New Opportunities for Wealth Management in One Belt One Road".

The Yabuli China Entrepreneurs Forum, known as the "Davos of the East", is mostly made up of Fortune 500 companies, including Industrial and Commercial Bank of China, China Minsheng Bank, Alibaba, Baidu and TCL Corporation etc. The Yabuli China Entrepreneurs Forum is held twice a year. The summit will attract well-known entrepreneurs from all around the world in every year, to discuss topics such as current economic and business development strategies. Among them, the annual meeting in winter is held in Yabuli, Heilongjiang, in February each year, while the summer summit is held in August and the meeting place will be changed every year. This year's Yabuli Summer Summit was held in Yinchuan, Ningxia, and lasted for three days from August 18th. It includes many domestic and foreign top and company leaders as well as people from the fields of political, business, academic, and media, a total 700 people will be attended.

The theme of this summer summit is “Striving to promote the Chinese economy—the new driving force of One Belt One Road”. It aims to explore how China, as the main growth engine of the world economy, can achieve stable and balanced growth and achieve stability. The conference invited a number of top speakers including Liu Mingkang, former Chairman of China Banking Regulatory Commission and Honorary Chairman of Yabuli China Entrepreneurs Forum, Chen Siqing, Party Secretary of the Bank of China, Feng Lun, Chairman On Duty of the Yabuli China Entrepreneur Forum, Chairman of Yufeng Capital, Chen Dongsheng, Director of the Yabuli China Entrepreneurs Forum, Chairman and CEO of the Taikang Insurance Group Co., Ltd., Tian Yuan, Co-founder of Yuanming Capital and Chairman of Yabuli China Entrepreneurs Forum, Wang Shi, Founder and Honorary Chairman of Vanke Group, Wang Zimu, Chairman at Huatai Insurance Group Company Ltd., Zhang Yue, Chairman and President of Broad Group, Hong Qi, Chairman of China Minsheng Bank, Robin Li, Chairman and Chief Executive Officer of Baidu and Mr. Vincent H. S. LO, Chairman of the Shui On Group and Chairman of the HKTDC etc.

Marcellus Wong, Vice Chairman of AMTD Group was invited to serve as guest speaker, and discuses together with Wu Yi, Deputy General Manager of Private Banking Account Serving Department of ICBC, Ma Jian, General Manager of ICBC Private Banking Department, Cai Qingrong, Partner of Cambridge Family Enterprise Group and Person in Charge of Greater China and Senior Consultant, Jiang Ming, Chairman of Timing Group, Wu Qingbin, Chairman of Zhongtai Trust Co., Ltd., Liao Zhiyu, Founder and CEO of UCF Group, on the topics of new opportunities for Chinese and foreign families in the field of wealth management and suggested related strategy.

Marcellus Wong made a speech at the forum and said that Hong Kong, as a “Super Connector”, financial, logistics, trade and talent center, has close connect with the international community and a sound legal system. It is an ideal platform for wealth management with good financing channels and products. There are many opportunities under the strategy of “One Belt One Road”. Among them, there is no VAT and consumption tax in Hong Kong, personal income tax is very low also, so it has advantages in taxation. However, he also believes that everyone should pay attention to how to lower risks. As a professional wealth management platform, AMTD Group can provide professional services to clients.

As partner to support Yabuli China Entrepreneurs Forum

From February 8 to November 11 this year, the 17th annual meeting of Yabuli China Entrepreneurs Forum was held in Yabuli, Heilongjiang Province. The theme of the conference is “Economic Transformation and Entrepreneurial Innovation”. AMTD Group, as the only Hong Kong-based financial institution among the 40 partners of the annual conference, fully supports this event, in addition to sponsoring the major activity “Yabuli's Voice”, Raymond Yung, Vice Chairman of Global Advisory Committee of AMTD Group and Marcellus Wong, Vice Chairman of AMTD Group personally led the company team to attend the meeting, and met with a number of political and business celebrities during the meeting, together to have discussion on the topics of global economy development.

During the forum, Raymond Yung and Marcellus Wong met successively with Zhu Min, Former Deputy Managing Director of IMF, Hong Qi, Chairman of China Minsheng Bank, Lei Jun, Founder and Chairman of Xiaomi Inc., Antony Leung, Chairman & CEO of Nan Fung Group and former Financial Secretary of HKSAR, Robin Li, Chairman and Chief Executive Officer of Baidu, and Zhang Liping, Chairman of Greater China of Blackstone, to conduct in-depth communication on the current economic situation and the development of global financial services.

During the annual meeting, a group of entrepreneurs and economists expressed their opinions on the core topics of RMB internationalization, the Internet's second half, Industry 4.0, overseas investment, and business environment, and discussed the opportunities of further development. Raymond Yung and Marcellus Wong were invited to attend and served as guest speakers at the "Investment Forum: Risks and Opportunities for Offshore Investment" and the “Manufacturing Industry Forum: Inspiration from Industry 4.0”. To discuss the opportunities and challenges related to the "go global" of companies, and how the financial services industry can help companies move up and upgrade.

Raymond Yung, as a guest speaker at the "Investment Forum: Risks and Opportunities for Offshore Investment" pointed out that when investing overseas, Chinese enterprises need to pay attention to regulatory and political risks, foreign exchange risk, post-acquisition strategy, selection of professional intermediary teams, and tax risk, to better realize the “go global” strategy.

Marcellus Wong said at the “Manufacturing Industry Forum: Inspiration from Industry 4.0” that the current development of related technologies such as the digital economy and the Internet of Things, which has already driven the global GDP, Chinese has done a particularly good job in this regard. He believes that Hong Kong can fully play its role as a “Super Connector” and provide international and domestic companies with a means to upgrade their Industry 4.0, including to provide professional intermediary services to help companies to expand their business.

At the same time, AMTD Group specially supported the "Yabuli Voice" evening party by giving an opening speech and honorary guest by Raymond Yung, Vice Chairman of Global Advisory Committee of AMTD Group, gave trophy and souvenir prepared by AMTD Group to Wang Shi, Honorary Chairman of the Board of China Vanke Co., Ltd (first from left) and Chen Dongsheng, CEO and Chairman of Taikang Life Insurance Company Limited. In the end, he led the top entrepreneurs and scholars to sing the classic song “The Pearl of the Orient” together to commemorate the 20th anniversary of Hong Kong’s return to Chinese.

As the "Davos of the East", the Yabuli China Entrepreneurs Forum provides a good platform for the promotion of gathering among top entrepreneurs and for in-depth communication on the future development of cooperation. AMTD based in Hong Kong and business network throughout China and the global, has always been aiming to serve and open up capital resources in China, Hong Kong and the globe. In the future, AMTD will actively participate in and support the development of the Yabuli China Entrepreneurs Forum and promote the communication among member.