SASAC "One Belt, One Road" Cross-Cultural Management Delegation Visit PHBS UK
On the afternoon of August 28 2018, State-owned Assets Supervision and Administration Commission of the State Council (SASAC) sent a delegation of "Central Enterprises ‘The Belt and Road Initiative’ construction of cultural integration and cross-cultural management" to the British campus. The 25-member delegation was led by Dong Zhaohui, which is the deputy director of the publicity bureau of the SASAC. The delegation held in-depth discussions with Professor Liu Yanjia on the reform of state-owned enterprises and the overseas development of Chinese companies. Then, they put forward valuable suggestions on the preparation and development of the British campus.
The members of the delegation are mainly composed of responsible staff from the Central Enterprises Party and public-relations departments, including China National Nuclear Corporation, China North Industries Group Corporation, China Petroleum & Chemical Corporation, China National Offshore Oil Corporation, Sino Group, China Huaneng Group, China Southern Power Grid, State Power Investment Corporation, National Energy Investment Group, China Telecom, China Mobile, COSCO Shipping Group, Southern Airlines, National Development Investment Group, Civil Aviation Information Group, China Automobile Group, Nonferrous Mining Group, Agricultural Development Group, Electric Construction Group, Energy Construction Group, Kangjia Group and so on.
Firstly, Dong Zhaohui, the deputy director of the Propaganda Bureau of SASAC, introduced the general situation of SASAC's supervision of central enterprises. As of June 2018, 96 state-owned enterprises under SASAC supervision had a total annual income of 900 billion pounds and profits of over 30 billion pounds. Since the implementation of the strategy of "The Belt and Road Initiative", the central enterprises have achieved an average annual sales revenue growth of 4.5% in the "going out" process, setting 9,112 offshore units distributed in 185 countries and regions around the world. Moreover, the total amount of foreign assets achieved were 7 trillion RMB. Within the delegation, 14 groups were among the top 500 companies in the world. The delegation has visited a number of organizations in the UK, such as the London Stock Exchange, Reuters, financial institutions in the UK, the European Currency Group Corporation, as well as China's CITIC Construction Group, China Southern Airlines, Bank of China and other offices in the UK.
Secondly, Professor Liu Shaojia introduced the management and operation mode of state-controlled enterprises in the United Kingdom and other countries in Europe, as well as the reform and innovation measures. The lecture took transportation, power and energy and other industries as the breakthrough, and gave examples of the management structure, operation mode and reform measures of state-owned enterprises in the energy industry of Sweden, Finland, Germany, Norway and France. Then he analyzed the key points of China's fourth round of state-owned enterprise reform in the light of China's economic growth cycle and the reform process. Finally, combined with international cases, he discussed issues such as how to highlight the party's leadership role under the legal framework and how to build the international brand of Chinese state-owned enterprises.
Finally, Dr. Li YiJing, head of public relations media at the British campus, briefed the training group on the development course and vision of the campus. Then the delegation climbed the campus tower to enjoy the spectacular views of Oxford and the campus along the Lakeside Trail. Representatives of the league members said that the establishment of the British campus of HSBC Business School of Peking University reflected the determination and strength of China's higher education. They also wished the British campus the best!