Deloitte Seminar: Development of foreign enterprises in China

The 19th CPC National Congress starts a new era for the country. In the report delivered to the 19th National Congress, it is clearly stated that China will "adhere to the fundamental national policy of opening up" and "promote trade and investment liberalization and facilitation", which indicate a new wave of higher-level opening up.

On 24 November 2017, Deloitte and Beijing Foreign Enterprises New Social Stratum Association jointly held a Seminar on Implications of the 19th CPC National Congress for Foreign Enterprises in China. Representatives from around 20 foreign enterprises attended the Seminar, including Mars, ConocoPhillips, Apple (China), Oracle, Daimler China and Beijing Hong Kong Jockey Club, etc.

We were honored to have Mr. Yan Weiqun, Deputy Chief of the United Front Work Department of Beijing Municipal Party Committee to provide detailed analysis and in-depth interpretation of the core essence of the 19th CPC National Congress. The Seminar was moderated by Mr. Wen Qinshan, Executive Vice President of Beijing Foreign Enterprises New Social Stratum Association and Party Secretary of Beijing Foreign Enterprise Human Resources Service Co., Ltd. Mr. Sun Ziqiang, President of Beijing Foreign Enterprises New Social Stratum Association and Vice Chairman of SK Holdings, mentioned from the perspective of foreign enterprises in China that, in the new era of China, foreign enterprises should fully take the opportunities brought by the changes in major social contradictions highlighted in President Xi's speech at the 19th CPC National Congress, and bear in mind their corporate responsibilities of giving back to the society.

Mr. Norman Sze, Managing Partner of Deloitte China Northern Region, National Leader of Deloitte China Government Affairs Unit and Vice President of Beijing Foreign Enterprises New Social Stratum Association, shared his views from the perspective of a professional service firm on the opportunities and challenges brought by the 19th CPC National Congress to foreign enterprises under China's economic system in a new era. He said: “Foreign enterprises should leverage the advantages of the Belt & Road Initiative to expand business in key development districts of China as directed by the 19th CPC National Congress.”

Guests present at the Seminar actively engaged with the speakers in the Q&A session. There were hot discussions over the Belt and Road Initiative, Made in China 2025 and other hot economic topics as the guests and speakers probed into the business impacts and how foreign enterprises can achieve new growth via transformation.

Apart from enhancing the knowledge of foreign enterprise representatives on the implications of 19th CPC National Congress, the Seminar also served as an opportunity to provide them new idea and direction of business development under the new era. Deloitte will fully support foreign enterprise to capture the new marketplace opportunities brought by the 19th CPC National Congress, and help them to thrive in the new economy.