From October 14 to 15, the International Management Training Course for Young Entrepreneurs, co-hosted by All-China Federation of Industry and Commerce (ACFIC) and China Construction Bank (CCB), was held in Beijing. Qiu Xiaoping, vice chairman of ACFIC, and Ji Zhihong, vice president of CCB, attended the opening ceremony and delivered speeches. Xu Yunqing, executive vice president of CCB University, also attended the ceremony, which was presided over by Ma Jun, director of the communication department of ACFIC. Implementing the spirit of Chinese President Xi Jinping’s important speeches, the training course aimed to guide young entrepreneurs to follow the “going global” policy, improve their international management ability, promote the construction of a new development paradigm with a high level of “going global”, and promote the high-quality development of the Belt and Road Initiative. Nearly 80 young entrepreneurs from 8 provinces and cities attended the training course.

Qiu Xiaoping said that China had put forward the Belt and Road Initiative and introduced a series of policies and measures to promote opening-up and support enterprises to “go global”, which promoted the long-term development of China’s overseas investment. China’s private enterprises have accelerated their pace of “going global”. As a new force of overseas investment, they have made positive contributions to the economic development, tax increase, job creation and improvement of people’s livelihood in the countries and regions where they invest. In a time of unprecedented global changes and a once-in-a-century pandemic when China is accelerating the building of a new development paradigm and promoting the high-quality development of the Belt and Road Initiative, enterprises are faced with both challenges and opportunities in order to “go global”. Young entrepreneurs should accurately grasp the overall trend of development, strengthen their confidence in development, take the initiative to integrate their business development into major national strategies, and actively participate in the Belt and Road Initiative. They should seize opportunities and dare to meet challenges, achieve better development of their enterprises through wider and deeper participation in international market exploration, and make new contributions to the building of a new development paradigm.

Qiu mentioned that when conducting overseas investment cooperation, young entrepreneurs should conscientiously fulfill the requirements of high-quality development under the Belt and Road Initiative, and strive to improve the quality and efficiency of overseas investment. They should optimize the structure of overseas investment, actively drive domestic industrial production capacity to “go global”, deepen investment cooperation in key areas such as strategic resources, key technologies, key infrastructure and strategic emerging industries, constantly improve the distribution of investment in different countries and industries, and focus on fostering core innovation capacity. They should explore new ways of overseas investment, and conduct investment cooperation through greenfield investment, cross-border mergers and acquisitions, joint research and development center, technology incubation platforms and third-party market cooperation. It is necessary to standardize enterprises’overseas investment and cooperation behavior, conscientiously implement the code of conduct of overseas investment and cooperation for enterprises, establish and improve the compliance management system, firmly establish the risk awareness, strengthen the fine risk control and disposal before, during and after the event, and effectively safeguard enterprises’overseas interests and assets safety. At the same time, young entrepreneurs should actively fulfill social responsibilities and establish a good image of China’s private enterprises.

Qiu stressed that young entrepreneurs should earnestly study and implement Chinese President Xi Jinping’s speech at the symposium on private enterprises, expand international vision, grasp the international market trend and demand characteristics, understand the international rules, expand the international market, prevent international market risks, and actively promote enterprises “going global” to conduct overseas investment cooperation, so as to achieve better development through opening-up at a higher level.

Ji Zhihong mentioned that, as stressed by Chinese President Xi Jinping at the symposium on private enterprises, private economy is an inherent element of China’s economic system and private enterprises and entrepreneurs are our own people. In the new journey of completing the building of a moderately prosperous society in all respects and building a modern socialist country in all respects, China’s private economy can only be strengthened and will move to a broader stage. The CCB has strictly implemented the requirements of the country on strengthening financial services for private enterprises, and attached great importance to the relevant work of financial services for private enterprises. Since the outbreak of COVID-19, the CCB has made full use of its role as a state-owned bank to step up innovation and improve service quality by increasing lending, reducing financing costs, and enhancing the sense of gain of private enterprises, which has strongly supported private enterprises in their fight against COVID-19, resumption of work and production, and sustainable and healthy development. Since the CCB and the ACFIC signed the strategic cooperation agreement, the two sides have jointly built an enterprise comprehensive service platform for the private economy by relying on the fintech, jointly protect the development of private enterprises, and achieved rich cooperation results. Up to now, relying on the enterprise comprehensive service platform and other channels, the CCB has provided newly 270 billion yuan of loans to the member enterprises of the ACFIC. At the same time, relying on the education platform of CCB University, the two sides have jointly held four training courses in Chengdu, Xi’an, Changzhou and Qingdao. The International Management Training Course for Young Entrepreneurs is a new important outcome of the two sides’ efforts to serve the international development of private enterprise and ensure stability on the six fronts and security in the six areas. The CCB is willing to work with young entrepreneurs to explore new ideas, new ways and new channels for financial services to private enterprises. It is hoped that this training course will help young entrepreneurs accurately grasp the political direction and policy orientation of “going global”, expand their international vision, improve their transnational financial ability, actively participate in global competition, and deeply integrate into the construction of the Belt and Road. The CCB is willing to be a reliable friend of young entrepreneurs, jointly making new achievements in the new “dual circulation” development paradigm.

Centering on the topics including the interpretation of the Outline of the 14th Five-Year Plan (2021-2025), overseas investment risk prevention and control, overseas compliance operation, overseas public opinion response, overseas cases of mergers and acquisitions, and opportunities of the development of free trade zone, lectures were given by experts, scholars and leaders from Development Research Center of the State Council, Center for International Strategic Studies of Counsellors’ Office of the State Council, China Export & Credit Insurance Corporation, China Construction Bank, Academy of Contemporary China and World Studies, Beijing New-century Academy on Transnational Corporations, and China Mergers & Acquisitions Association.