Xinhua
29 Oct 2025, 22:06 GMT+10
BEIJING, Oct. 29 (Xinhua) -- Financial business leaders attending a major forum in Beijing have shared their insights on facilitating the global expansion of Chinese companies, and on how the overseas presence of these companies fosters shared prosperity.
"In London, there is capital seeking innovation. In China, there is innovation seeking capital," said Jack Perry, CEO of London Export Corporation (LEC) and chairman of The 48 Group, which has been promoting trade between China and the West since the 1950s.
Perry said he believes that robots, which he described as the "arms and legs of AI," will become some of China's most important future exports. LEC is collaborating with Chinese robotics firms on the distribution of their products in Europe, the Middle East and Latin America.
He noted that LEC assists Chinese companies with overseas data regulation compliance and in establishing research and demonstration hubs. "We aim to align Chinese ingenuity with Western investment and understanding."
The Annual Conference of the Financial Street Forum 2025, which runs from Oct. 27 to 30, is a platform for international financial exchange and cooperation. Attendees are engaging in in-depth discussions on topics such as global economic trends, financial governance, fintech, green innovation and risk control.
In recent years, the world's second-largest economy has excelled in exporting high-tech and environmentally friendly products, notably the "new three" -- new energy vehicles (NEVs), lithium-ion batteries, and photovoltaic products. This trend has also created more demand for financial services in export destinations.
Beat Strebel, president of Swiss Reinsurance Company's China unit, said that with reliable quality and an accelerating shift toward NEVs, Chinese automobile manufacturers have started to succeed in penetrating the European market. The Swiss company has worked with its Chinese partners to develop localized solutions covering over 80 countries.
Strebel suggested that European retailers and insurers should cooperate with Chinese manufacturers to improve their understanding of product features, repair technologies and after-sales services for risk assessment. He also emphasized the need for Chinese carmakers to understand local insurance regulations.
Participating in China's green transformation, British multinational investment bank HSBC shared how it has assisted Chinese enterprises in going global and introduced expertise and capital from the global green finance sector into China.
The bank noted a cooperation case of providing long-term green financing for a Chinese battery manufacturer to build a factory in Europe. It also mentioned helping a Brazilian pulp and paper producer to issue bonds in China's interbank market.
On international settlement, Omar Hafeez, group head of international banking at the First Abu Dhabi Bank of the United Arab Emirates (UAE), highlighted the bank's expansion of RMB usage to meet growing customer demand. This follows a memorandum of understanding signed earlier this year between the Central Bank of the UAE and China's Cross-Border Interbank Payment System (CIPS) to enhance payment cooperation.
He noted that alongside the dominant currency, including the U.S. dollar, demand for the use of local currencies in settlement and investment is rising, driven by the appeal of lower transaction costs, foreign exchange risk avoidance and reduced settlement uncertainties.
In the field of global capital markets, chief representative of Nasdaq in China, Hao Yusheng, said that Chinese companies have achieved significant progress in recent decades and retain substantial growth potential, with U.S. listings being mutually beneficial.
"Chinese enterprises can access global investor capital via U.S. exchanges to fuel their growth and industrial development," Hao said. "Meanwhile, investors gain substantial returns through the U.S. platforms."
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: A shortage of air traffic controllers caused more flight delays across the country at the start of the week, as controllers...
WASHINGTON, D.C.: A fighter jet and a helicopter from the aircraft carrier USS Nimitz both crashed into the South China Sea within...
PARIS, France: Two men have been arrested in connection with the theft of crown jewels from the Louvre Museum in Paris, officials said...
On October 4th, 2025, in an interview with Axios, President Trump stressed that one of the main goals behind his Gaza plan was to restore...
BUENOS AIRES, Argentina: Argentina's libertarian president, Javier Milei, won big in the October 26 midterm elections, gaining strong...
WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) has posted a notice warning that federal food aid will not be distributed...
WASHINGTON, D.C.: A fighter jet and a helicopter from the aircraft carrier USS Nimitz both crashed into the South China Sea within...
JERUSALEM - Israel will decide which international forces are chosen to monitor the Gaza ceasefire, and the United States agrees to...
(Photo credit: Junfu Han / USA TODAY NETWORK via Imagn Images) The Detroit Lions are signing star pass-rusher Aidan Hutchinson to...
(Photo credit: Benny Sieu-Imagn Images) Giannis Antetokounmpo continued his hot start by scoring 23 of his game-high 37 points in...
(Photo credit: Vincent Carchietta-Imagn Images) The New England Patriots moved on from a pair of former defensive starters on Tuesday...
(Photo credit: Kevin Jairaj-Imagn Images) Washington star quarterback Jayden Daniels, who missed the loss on Monday night to the...
