On March 19, our School held the 2017 Hong Kong Spring Forum successfully. More than 150 alumni attended this activity. Dean Xiongwen LU gave a speech and served as moderator in the link of speech delivery.

Vice Chairman and Chief Investment Strategist of Investment Management Unit - China at The Goldman Sachs Group, Inc. Dr. Jiming HA brought a theme speech titled “Macroscopic Risks and Microscopic Opportunities”. Then, Prof. Shizheng QIAN moderated a roundtable discussion themed “Integration, Innovation – Reshaping Future Competitiveness” attended by Head of Chinese Equity Research and Managing Director at UBS & alumnus Yankun HOU, Managing Director and Global Partner of Bain Capital Asia LLC & alumna Lihong WANG and Executive Deputy General Manager of CNIC Corporation Limited & alumnus Liming YU.

Head of Chinese Equity Research and Managing Director at UBS & alumnus Yankun HOU first put forward his opinions on the phenomenon of heavy capital investment in new electric vehicles across boundaries. In his opinion, in light of the trend, because “the technological barriers of engines and gear boxes are broken”, “it has become simpler to enter the automotive industry in a certain sense”. In light of the market, the Chinese government’s great support to the electric vehicle market would ensure the electric vehicle sector’s development in the next three to five years. However, because of the intensity of competition and the particularity of the sector, he expected “half of today’s automotive companies will not make profit in the next ten years”. Though the sector’s prospects are great, whether it can enter a new stage of development is yet to be seen.

Managing Director and Global Partner of Bain Capital Asia LLC & alumna Lihong WANG proceeded from her years of investment experience to elaborate her attitude to and understanding of unicorn enterprises. In her opinion, unicorn enterprises were not enterprises that obtained a huge amount of capital in a very short period of time through innovation as people usually said. “Innovation is actually reflected in daily work.” If such innovation consciousness penetrated daily management and daily technological progress, “actually it can greatly enhance enterprises’ competitiveness”, so she thought “many quite mature companies are more likely to become unicorn enterprises”.

Executive Deputy General Manager of CNIC Corporation Limited & alumnus Liming YU shared his thought about the opportunity and meaning of PPP from a personal perspective. First, viewed from the government’s perspective, PPP was off-balance sheet investment, magnifying the resource allocation ability of the government/state-owned capital; second, the investment mode of PPP helped market investors diversify project risks; besides, appreciation, flow and transfer of mature franchise rights could be realized on the market. PPP with Chinese characteristics should particularly emphasize the role of mixed ownership reform and need to go along the road of combining state-owned capital and social capital with a standardized market.

The 2017 Hong Kong Spring Forum of the School of Management, Fudan University then ended successfully after the discussion. Since its establishment in 2010, the Hong Kong Alumni Representative Office of our School has built a lifelong learning and exchange platform for the School’s alumni in Hong Kong through abundant alumni resources and the School’s strong support, publicized Fudan University’s brand extensively and deeply there and enhanced alumni’s cohesion.