Welcome Dinner Opening Address by Mr Chua Thian Poh, Chairman of Business China (English translation, for reference only)

23 March 2015

Senior Minister of State for Finance and Transport, Mrs Josephine Teo
Deputy President and Provost, Nanyang Technological University, Professor Freddy Boey
Dean, Nanyang Business School, Professor Ravi Kumar
Business China Board Directors, Lecturers
Distinguished guests, ladies and gentlemen
Good evening.

1. Firstly, on behalf of Business China, I would like to thank Senior Minister of State Mrs Josephine Teo for gracing the Future China Advanced Leaders Programme 2015 Welcome Dinner.

2. Building upon the success of the past three years, we are partnering with Nanyang Business School once again to present this prestigious programme, for top management from both local and multinational companies, the public as well as private sectors, who are in-charge of China affairs, to provide them with a solid and comprehensive course incorporating in-depth theories, practical first-hand experiences and on-site city visits about China.

3. Future China Advanced Leaders Programme not only consists of economic and business strategies, it also covers cultural, historical, philosophical, social and political aspects, so as to provide participants with a more holistic and in-depth view of China. Through this course that spans across three months in three different segments, participants will not only gain further insights into China’s unique business psyche, they can also expand their business network through this programme.

4. China had just concluded the annual “two meetings”. Since the 18th CPC National Congress, China has been implementing with considerable might, the “complete strengthening of Party discipline” strategy. We could see that the Chinese society at all levels, is reforming and advancing progressively while maintaining social stability and economic growth. The opening up of the financial markets, internationalisation of Chinese domestic enterprises and the development of the “one road, one belt” strategy, will create many opportunities for our local enterprises and their Chinese counterparts to collaborate in developing markets in China and overseas. In view of these favourable conditions, we should strengthen our understanding of China and explore mutually beneficial cooperations through our professional networks.

5. This programme is indeed timely. I believe that it will provide in-depth knowledge of China, as well as open up in-roads through the sharing of the useful practical up-to-date insider’s information.

6. Highlights this year will include the trip to China in the April segment. We are honoured to have Senior Minister of State for Trade, Industry and National Development, Mr Lee Yi Shyan lead the delegation for an experiential journey to Wuhan and Changsha, in a discovery trip to these Central China cities. The trip will focus on uncovering economic development opportunities in these central China’s second tier cities, further exploration of their unique geo-cultural and business landscape, and at the same time, experience the pulse of Central China’s two provinces, Hunan and Hubei.

7. The 24 participants this year hailed from diverse backgrounds. I believe the dynamic interactions will spark deeper and broader learning, resulting in a more rewarding learning journey.

8. This year, Singapore and China commemorate 25 years of diplomatic relations. I believe both countries will continue with many mutually beneficial collaborations and establish stronger bilateral relations.

9. I would like to take this opportunity to thank Business China Board Advisers and Directors for taking valuable time off to share their personal experiences and insights with participants. I would also like to thank IE Singapore for their unwavering support in once again making the FC-ALP possible.

10. Lastly, I hope all participants would keep up their learning spirit and engage in active course participation. May all of you benefit from this programme and expand your businesses in China; and together work towards actualisation of the “one road, one belt” strategy!

11. Thank you!