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“Zhejiang-German Digital Economy and High-tech Industry Summit Forum”
Release time:
2019-09-27 10:45
Source:
In order to accelerate the promotion of the "Digital Zhejiang" construction and the German "Industry 4.0", and promote the development of the two sides in the fields of digital economy, intelligent manufacturing and high-tech, Germany time on May 31, "Zhejiang-German digital economy and high-tech industry summit forum "The Grand Hyatt Hotel in Berlin was held. At the meeting, the Secretary of the Zhejiang Provincial Party Committee, Che Jun, delivered a keynote speech. Chen Jiancheng, Chairman of Wolong Holding Group, attended the meeting as a representative of Zhejiang outstanding entrepreneurs.
Before the meeting, the leaders of the provincial party committee organized a symposium on “One Belt and One Road Zhejiang Business Bank” in Germany. The forum was hosted by Sheng Qiuping, the director of the Zhejiang Provincial Department of Commerce. Secretary Che Jun listened to the speeches of the representatives of the heads of the German investment companies and communicated with the delegates cordially.
At the symposium, Chen Jiancheng, Chairman of Wolong Holding Group, made a report on “Improving Transnational Management, Cultivating Multinational Enterprises, and Constantly Promoting the High Quality and Sustainable Development of Zhejiang Enterprises”. Chairman Chen Jiancheng first introduced the overall situation of Wolong development. He pointed out that as a multinational company, Wolong's global layout has been basically completed. The ranking of the global motor industry can sit two times a year, surpassing Siemens, second only to ABB. Looking back, 2011 was a landmark year in Wolong's globalization. It successfully acquired ATB Group, the third largest motor company in Europe, and launched its business in Germany and Europe. It was one of the top ten cross-border M&A cases in China.
In the following years, Wolong successively acquired the Italian SIR robot, Italy Oli and the US GE low-voltage business segment, and continued to carry out industrial transformation and upgrading, and the business performance steadily moved forward. Chairman Chen pointed out that Wolong’s M&A principle is “affordable, manageable, and well managed”. It is only limited to the addition of motors in the field, and other industries are doing subtraction to ensure that the debt ratio of enterprises remains at a reasonable and normal level. When talking about how Zhejiang enterprises can better "go out", Chairman Chen Jiancheng believes that the "going out" of enterprises is inseparable from the professional and perfect financial services provided by Chinese banks and Chinese-funded insurance companies. For example, global fund settlement, establishment of overseas fund pools, currency management, wage distribution, and corporate insurance have enabled Chinese companies to remain targeted and unhurried overseas.
At the end of the symposium, Secretary Che Jun encouraged the enterprises in Germany and Zhejiang to continue to carry forward the pioneering spirit, give full play to their own advantages, go out with a more positive attitude, strengthen the docking with international high-quality resources, and make for the "two high-level construction" in Zhejiang. Greater contribution.
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