关键字不能为空!

Enter

Homepage » News » Gu Jianguo Attends Boao Forum for Asia

Gu Jianguo Attends Boao Forum for Asia

2019-04-02

On March 26, the Boao Forum for Asia Annual Conference 2019 was held in Hainan. Gu Jianguo, President of JIC, attended the forum and spoke on the strategies and methods of cross-border M&A in the sub-forum “Greenfield Investments or Cross-border M&A” held in the afternoon.

Gu said that JIC has grasped the historical opportunity of China's economic restructuring, transformation and upgrading, establishing a competitive operation platform in the segmentation field by acquiring mature companies with a long development period, stable profitability and business model, so as to more effectively integrate upstream and downstream resources and build an industrial base. In recent years, JIC has invested in a series of overseas high-quality assets with core competitiveness through wholly-owned or joint acquisitions, establishment of funds, financial investments and cooperation funds.

Gu stressed that to conduct cross-border M&A, it was necessary to formulate correct strategies, build a team with investment and management capabilities, possess knowledge on operational rules at home and abroad, enhance research capabilities and thoroughly study the development prospects and technological paths of industry.  He said that JIC has always adhered to three major criteria in terms of investment: first, the investment should contribute to China’s economic restructuring, and industrial transformation and upgrading, and there should be clear development directions and technology trends in that industry; second, the investments should be in leading enterprises with stronger market positions, and could leverage synergies in China and help build the industrial foundation; third, the company must have a rational business structure, continuous innovation capability and development momentum, to meet JIC’s requirements for financial profitability and stability. 

The theme for Boao Forum for Asia this year was “Shared Future, Concerted Action, Common Development”. More than 2,000 participants, including heads of state, heads of international organizations and business leaders attended this year’s forum.

Related reading

Homepage » News » Gu Jianguo Attends Boao Forum for Asia