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Lingnan Forum 2017

The sixth annual Lingnan Forum, which was held in the South Campus of Sun Yat-sen University on April1st 2017, explored the themes of “Embracing Innovation, Deepening Reform” through a collaboration with Lingnan (University) College, Sun Yat-sen University and Caixin Media. The forum attracted 1500 attendees including senior government officials, business executives and academic scholars. Mr. Chen Yunxian, member of Party Leadership Group of the People’s Government of Guangdong Province, and Mr. Chen Chunsheng, Secretary of the Party Committee of Sun Yat-sen University made the opening speech.

 

Since the 18th National Congress of the Communist Party of China (CPC), innovation has been placed at the core of national development. The 2016 National Conference on Science and Technology Innovation emphasized that China must unswervingly follow a path of self-innovation with Chinese characteristics, speed up science and technology innovation in all areas, seize opportunities brought by global science and technology competitions, and level the playing field in our market. These were all keys to transforming innovation into new economic development momentum. This Lingnan Forum was aimed at providing people from all circles with a high-end communication platform as well as a place for sharing innovation models, and probing into policy guidance and the market environment, in order to stimulate innovation, and focus on measures and executive forces that can deepen reform.

 

Opening Speech by Mr. Chen Yunxian, member of Party Leadership Group of the People’s Government of Guangdong Province

 

Mr. Chen Yunxian expressed warm greetings and heartfelt thanks for convening this forum and reviewed Guangdong province’s achievements in 2016. Mr. Chen indicated that last year’s achievements benefited from technological innovation, collaborative innovation and the core support from innovation drive. In the meantime, Guangdong province also took up financial innovation including setting up a folk financial street, OTC trading market, and a financial intellectual property rights trading center, which enabled financial and technological innovation to be a new momentum for Guangdong province’s development. Mr. Chen Yunxian ended by saying that the theme of the 6th Lingnan Forum was in accord with Guangdong’s reality and also led the trend of present and future development.

 

Mr. Chen Chunsheng, Secretary of the Party Committee of Sun Yat-sen University

 

The Secretary of the Party Committee from Sun Yat-sen University, Mr. Chen Chunsheng, expressed his gratitude to Guangdong’s provincial government, all sectors of society, alumni and the school teachers and students for their fervent concern and support of the Lingnan Forum, for the past six years. He said that successive Lingnan Forums would focus on the significant economic issues at home and abroad, such as economic transition and financial reform and investment opportunities, with the purpose of promoting Chinese reform in this new period, and offering up wisdom for China’s development. With “embracing innovation, deepening reform” as its theme, based on better aligning with the national layout and significant demand, this forum’s discussion and thinking produced influential ideas and outcomes to aid national regional development. Mr. Chen Chunsheng emphasized that colleges and universities, the country’s think-tanks, which ought to play a good role in cultivating more talents for social innovation, was placed at a core position for national development during the 18th National Congress of the Communist Party of China (CPC). Lastly, Mr. Chen encouraged the forum attendants to take this opportunity to contribute to national innovation and reform. He further advised aligning university development with national direction, pace, and action, by pooling wisdom and leading the future.

 

Prof. Chen Xianhui, an academician from the Chinese Academy of Sciences

 

Prof. Hong Han, professor in the Economic Department of Stanford University, and Member of the Econometric Society

 

Mr. Guo Wei, Chairman of the Board of DC Holdings

 

Mr. Raymond K.F. Ch’ien, Chairman of Hang Seng Bank Limited

 

Mr. Yin Ye, CEO of BGI

 

Mr. Nicolai Peitersen, Founder of Wikifactory

 

This forum invited many important guests to deliver keynote speeches. Prof. Chen Xianhui, an academician from the Chinese Academy of Sciences, gave a speech on the theme “New Materials and Related Technology”, pointing out the dependency of manufacturing upgrades on materials. Prof. Hong Han, Alumni of Lingnan (University) College, professor in the Economic Department of Stanford University, and Member of the Econometric Society,shared his understandings of Stanford University and Silicon Valley’s innovations; in his view, Stanford University paid attention to the collaboration between universities and industry and developed itself into an innovative industrial park centering on institutions of higher learning. Mr. Guo Wei, Chairman of the Board of DC Holdings, gave a speech on the theme “Innovation’s Force”, expressing his point of view that artificial intelligence couldn’t replace humans. Mr. Raymond K.F. Ch’ien, Chairman of Hang Seng Bank Limited, shared his opinion on the Trump administration’s influence on China as well as the global economy. Mr. Yin Ye, CEO of BGI, delivered a speech titled “Gene is the Cause, Future Has Arrived”, indicating genetic technology’s various influences on human beings. Mr. Nicolai Peitersen, Founder of Wikifactory, remarked on “Mass Innovation of Manufacturing Systems”, raising the concept of internet of estates and indicating that standardized and open network protocol is its premise. This forum specially invited Mr. Jiang Tao, Deputy Director of Guangdong Radio & Television Station’s (GRT) Economic Channel, as the host.

 

Panel One: the Definition of Roles in the Times of Innovation

 

Panel Two: the Restructuring of Business under Technological Innovation

 

New economic development momentum is built on a core task: innovation. How should government, market and society meet the requirements of the times? What innovation reform measures are in demand to improve the government’s ability? The 6th Lingnan Forum gathered wisdom from all parties and opened discussions on the two main issues: “the definition of roles in the times of innovation” and “the restructuring of business under technological innovation.”The forum’s first panel was hosted by Mr. Shen Gaoming, President and Chief Economist of Caixin Insight, and Chairman of CEBM of Caixin Insight. Participants in the first panel were: Mr. He Ningka, Director of Guangdong Development and Reform Commission; Mr. Ni Pengfei, Director of the City and Competitiveness Research Center at the Chinese Academy of Social Sciences; Mr. Ou Yongjian, Deputy General Manager of Guangzhou Automobile Group Co., Ltd (GAC Group); Mr. Huang Yong, Deputy Party Secretary, Vice Chairman and General Manager of Vanli Group; Mr. Ye Jun, CEO of China Fortune Land Development Co., Ltd (CFLD); and Mr. Xu Jigang, Vice President of Greater China and Partner of the Roland Berger Management Consultants. The second panel was hosted by Prof. Zhang Jianqi, Professor of Strategic Management at Lingnan (University) College and Director of the Research Center for Strategy and Competitiveness. The second panel’s invitees were: Mr. Xin Renzhou, Inspector and former Deputy Director of the Department of Industrial Policy in the Ministry of Industry and Information Technology of the People’s Republic of China; Ms. Yuan Liqun, Senior Vice President of Midea; Mr. Gu Jiandang, President of Phoenix Contact (China); Mr. Li Xiaoyong, Chairman and CEO of Gongkong.com; Mr. Wu Qi, Global Vice President and Vice Chairman of Greater China of Accenture; and Mr. Yu Jun, Partner and COO of Tuandai.com. 

 

Prof. Liu Mingkang, Chairman of Lingnan Forum, Honorary Dean of Lingnan (University) College, Sun Yat-sen University, and former Chairman of China Banking Regulatory Commission (CBRC)

 

Prof. Liu Mingkang, Chairman of Lingnan Forum, Honorary Dean of Lingnan (University) College, Sun Yat-sen University, and former Chairman of China Banking Regulatory Commission (CBRC), made a summary statement, during which he expressed his inspiration from the guests’ speeches. He also summarized innovation with three key words—“Opening, Collaboration and Sharing”—and explained the meaning of the theme “Embracing Innovation, Deepening Reform”. Mr. Liu Mingkang further pointed out that “innovation is not a highbrow song, but instead must meet the countrymen’s needs;” the huge rigid demand for change is propelling society to learn and practice innovation. He believes that accelerating reform with innovative measures will mature the Chinese market; he also believes and wishes that more achievements will be made during innovative reform.

 

Prof. Lu Jun, Executive Dean of Lingnan (University) College, Sun Yat-sen University

 

Prof. Lu Jun, Executive Dean of Lingnan (University) College, Sun Yat-sen University gave a closing speech. He remarked that it was not easy for Lingnan Forum, which encountered many difficulties, to continue for six years, but that it was forming a good brand and becoming a platform for wisdom in all sectors of society. Then Prof. Lu Jun addressed issues concerning the cultivation of financial talents; he wished for the talents produced here to pay more attention to innovation, rather than focus on avoiding being weeded out from society.

 

Lingnan Forum

 

Lingnan Forum is the biggest and most prestigious macroeconomic and financial forum in South China, and has widespread national influence. The forum focuses on development trends in the world economy and the process of Chinese economic development. The forum invites over a thousand leaders in political, business and academic fields to Guangdong Province—a major site of Chinese economic reform and economic transition—to deeply analyze major economic issues at home and abroad, such as economic transition, industrial upgrading, financial reform, and investment opportunities. They jointly explore ways to reform the Chinese economy and make contributions to the new wave of China’s economic growth.

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