HK-listed companies recommend new economic growth model under Belt & Road Initiative at Singapore Forum

Hong Kong, June 4, 2018 /PRNewswire/ -- The China Growth Investor Forum, organized by Euromoney in partnership with Singapore Venture Capital & Private Equity Association, was held at The Westin Singapore on May 30, 2018. Nearly 200 representatives from financial institutions including Moody's Investors Service, MSCI, Standard Chartered Bank (China) and CICC as well as companies from across Greater China were present at the event. As guest speakers, representatives from Hong Kong-listed Wison Engineering Services Co. Ltd. (HKex2236) and Kaisun Energy Group Limited (HKex8203) analyzed and shared the opportunities facing Hong Kong-listed companies and their experience under the Belt & Road Initiative framework with investors.

Executive director and CFO of Wison Engineering Services Li Zhiyong delivers a speech

The forum featured a series of panels and corporate promotions. During the three well-attended panels, attendees discussed the opportunities that Stock Connect provides to overseas investors who are interested in investing in mainland China, the current development of the real estate market in that market as well as opportunities and challenges for new and emerging industries in Greater China. They said that having experienced an era of explosive growth, China's investment environment is gradually improving, and, for overseas investors, China's growth is not expected to stagnate. Most of the attendees were of the opinion that the Chinese market will continue to see steady and healthy growth, and the potential rewards from investment remain huge.

Li Zhiyong, executive director and CFO of Wison Engineering Services Co. Ltd., the largest private company in China's petrochemical engineering industry, gave a presentation on the company's businesses and future growth. Wison Engineering Services Co. Ltd., a leading Chinese provider of one-stop petrochemical engineering solutions, started to undertake projects based on the engineering, procurement and construction (EPC) model in 2000. With the implementation of the Chinese government's Belt & Road Initiative, the huge engineering demand in countries along the Belt & Road Initiative route created business opportunities for Wison. The company's overseas presence is continually expanding, especially along the Belt & Road Initiative route. The company plans to focus on two markets: Russia and Central Asia. Revenue from international operations is expected to account for more than 60 percent of the company's total in two years. Looking ahead, the company will continue to expand into international markets while strengthening its operations in China, with modularization and digitalization being the driving forces of future business development. Mr. Li said that like Lego blocks, modularization can be used to disassemble every part of a project, significantly reducing costs, and its industry-first CLOUD 3D digital and intelligent management has transformed traditional project contracting into modern project implementation and management, making it an important strategic goal for the company to not only catch up but to leapfrog ahead its competitors.

Vice president of Kaisun Energy Group Limited Zhao Jie said in his speech that the company had already started expanding into Central Asia, even before the Chinese government had launched the Belt & Road Initiative in 2013. As a steadfast participant in the initiative, the company has invested in and operated projects in countries along the Belt & Road Initiative route for years, laying a solid foundation for the company to become a project incubator there. The company's Belt & Road Initiative portfolio consists of productive projects including mining, agriculture, equipment leasing and supply chain management as well as service projects including e-sports, PR & consulting and corporate services, which serve as new sources of economic growth. Leveraging the huge opportunities brought about by the implementation of the Belt & Road Initiative, the company's projects have spread along the route. Many of the projects have started to yield results, with some having created steady cash flows to the company, some having seen explosive growth in valuation, and some having become eligible for exit. The company is hopeful that its future stock prices can fairly reflect the value of its portfolio, especially in light of expected increased trading in Chinese stocks as a result of Stock Connect.

Vice president of Kaisun Energy Group Limited Zhao Jie delivers a speech

After the meeting, company representatives continued to exchange ideas about the opportunities facing companies in Greater China under the Belt & Road Initiative framework. Representatives from Kaisun Energy Group Limited said that companies in Hong Kong, a key link in the production chain that supports Belt & Road Initiative, can assist the government in carrying out many of the projects under the initiative. Leveraging the advantages of Hong Kong's financial, shipping and legal systems, all three of which are systems that meet international standards, they can provide strategic advice and financial support for companies in mainland China who are seeking to expand into overseas markets. When talking about the future with potential investors, Wison Engineering Services Co. Ltd said that Belt & Road Initiative has created more opportunities for the future development of the company, and it aims to embrace the digital transformation of the industry to create a new chemical ecosystem.

At the forum, many other companies shared their business models and experience when conducting business in mainland China in their respective fields. The common vision of participating companies is to achieve transformation with the current new digital economic model by leveraging the opportunities as a result of the favorable Belt & Road Initiative policy.

About PR Newswire PR Newswire is the premier global provider of news release distribution and multimedia platforms that enable marketers, public relations officers and investor relations professionals to engage with their key audiences: businesses and consumers, the media, and investors.