22 May 2015
The 2015 Future China Advanced Leaders Programme (FC-ALP) concluded its final leg of the learning journey with a commencement ceremony for the 24 FC-ALP graduates. The celebration was held tonight with Guest-of-Honour Mr Khaw Boon Wan, Minister of National Development and Business China Board Adviser conferring graduation certificates to the 24 participants. Some 100 guests including Business China Board Director and Senior Minister of State for Ministry of Trade & Industry and Ministry of National Development Mr Lee Yi Shyan, witnessed the momentous occasion.
Week-long experiential learning journey to central China cities – Wuhan, Changsha
In April, SMS Lee joined the FC-ALP delegation for part of the journey to the cities of Wuhan and Changsha during the second segment of the course to uncover emerging opportunities in these cities along China’s central economic corridor.
The delegation’s first stop was Wuhan where they paid a courtesy call on the Governor of Hubei province Wang Guosheng. They also met with the Provincial Government Secretary General, Wang Xiangxi; Wuhan Vice Mayor Shao Weimin and other representatives from the provincial government and the Donghu New Technology Development Zone. The meetings included discussions on potential collaboration opportunities and closer communication between Singapore and Wuhan.
The group also visited key enterprises in Wuhan and held a closed door networking forum with Hubei Enterprises which included some 100 local business leaders from Nanyang Technological University Alumni Association (Hubei) and Hubei Provincial Federation of Industry and Commerce. Through these personal interactions, the FC-ALP participants were able to grasp a better understanding of the Wuhan business environment, which would pave the way for more collaboration opportunities.
At their second stop, Changsha, the FC-ALP delegation called on the Hunan CPC Standing Committee Member, Secretary of the Working Committee of Changsha-Zhuzhou-Xiangtan Pilot Zone Zhang Wenxiong, Changsha Mayor Hu Henghua and Vice Mayor Zhang Yingchun.
On April 23 2015, a networking forum organised by Business China, Nanyang Technological University’s Nanyang Business School and local Hunan partner, Hunan Federation of Industry and Commerce, attracted an attendance of approximately 80 participants. The objective of the forum was to provide attendees with an in-depth understanding of globalisation opportunities in Singapore and the region. The forum was graced by SMS Lee Yi Shyan and Hunan CPC Standing Committee Member, Zhang Wenxiong, and moderated by Vice-Chairman of Hunan Federation of Industry and Commerce, Li Xi.
In his welcome address, SMS Lee highlighted the importance of deepening bilateral investment relations between Singapore and Chinese enterprises. He proposed that Chinese enterprises could use Singapore as a regional base to reach out to ASEAN and regional markets. He also encouraged Singapore and Chinese enterprises to seize current opportunities to jointly develop a third market.
“The emphasis for Hunan province is currently in the integration of Changsha, Zhuzhou and Xiangtan, where a mega liveable “Two-Oriented” city which emphasises resource conservation and environment protection is to be developed,” he said.
“Over the past 50 years, Singapore has accumulated considerable experience in urban planning, sewage treatment, transportation, logistics and the development of smart city projects. We would be happy to learn and share our knowledge and experience, with the hope of bringing about mutually beneficial outcomes for both Hunan and Singapore. I hope business leaders in Singapore and Hunan can capitalise on this Forum to establish friendship, which will lay the foundation for future bilateral collaborations.”
The FC-ALP delegation also visited famous Hunan corporations such as Hunan Satellite TV, Sany Group, Lens Technology and Broad Group. Through these company visits, participants witnessed the broad scope and fast pace with which these Chinese enterprises are developing. This was both an eye-opener and a valuable learning experience for the participants, as they gleaned practical knowledge that would help them to better develop and refine their companies’ expansion strategies.
In addition, lessons were conducted by Hunan and Hubei academic experts to provide participants with a holistic view of China’s current political, social, economic and cultural paradigms. Wuhan, the historical city where the Xinhai Revolution first started, and Changsha, where Mao Zedong spent his formative years, hold great significance in China’s contemporary history. These lessons gave participants a comprehensive overview of these historical incidents and their corresponding impact on the current Chinese psyche.
Diversity and Opportunities
The 24 FC-ALP graduates this year comprise successful entrepreneurs, next-generation business owners and C-suite executives hailing from diverse industry sectors. Through the FC-ALP, participants are able to meet and interact with like-minded peers, with the aim of building an extensive network for future collaboration opportunities in China and beyond.
Class representative for this year, Mr Chua Wee Thia, Senior Vice President of GIC Pte Ltd shared his thoughts about China and how the course has helped him to gain practical knowledge on China. “China, with its massive size, population and centuries of rich culture and history, is a land filled with endless possibilities. Yet understanding China’s interpersonal intricacies and learning how to manage its constant evolvement is a challenging task,” he said.
“FC-ALP provided me with a rich knowledge base to facilitate my understanding of China. The knowledge gained is concise, holistic and extremely practical in my quest to connect with China. One of my personal takeaways was the interaction session with local Chinese and Singapore leaders, which gave me first-hand insights into the business and financial environment of China, allowing me to tap on the wealth of information and experience from these leaders. I truly appreciate the opportunities this programme has given me, especially in terms of forging lasting bonds and partnerships with my fellow participants.”
Shaw Chair Professor and Dean of Nanyang Business School, Professor Ravi Kumar said, “To thrive in China, one needs a keen appreciation of the country’s economy, history and culture. FC-ALP addresses these topics in an engaging and insightful way, providing participants with a deep understanding of China’s business landscape and practical tools to navigate through this exciting but complex market.”
Minister Khaw in his opening address shared that, “China remains a robust global economy. Their emphasis is now on quality growth and long term sustainability. As they seek to move up the value chain, they are paying particular attention on technology and innovation. These are issues which Singapore has direct experience in, and in that regard, Singapore can play a role in. Our companies who have been involved in Singapore’s past economic restructuring efforts, I believe, could be of value to China.”
Into its fourth edition this year, the FC-ALP is jointly organised by Business China and Nanyang Business School, and supported by its strategic partner International Enterprise (IE) Singapore. It is the only senior executive management course in Asia to comprehensively address the complex dynamics between social, political, economic and cultural factors that are fuelling China’s rapid rise.
Detailed course dates for the FC-ALP:
Singapore: 23 – 27 March 2015
China: 19 – 25 April 2015
Singapore: 18 – 22 May 2015