Several global companies are making a series of U-turns from the ‘promised land’ of China, while those that stay are not always faring well. However, the Chinese economic recession doesn’t explain how some global companies have continued to manage successful businesses in China. CKGSB Associate Dean, Professor Teng Bingsheng, who visited Korea on June 19th to introduce the CKGSB-IMD Dual EMBA Program, said: “Until the 1990s, multinational companies (MNCs) were considered by young Chinese people the best companies to work in, which unfortunately is no longer true. It’s also true that many global companies who have been successful over the last 25 years are now struggling in the Chinese market. The ‘Chinese Dream’ is becoming even harder to achieve”. Prof. Teng also pointed out that high competition with local companies could be another threat to MNCs and warned that some companies are still not aware of the changes in perceptions among Chinese consumers. He advised global companies to target emerging (Tier 2-4) cities and rising middle-class consumers.
Juliet Zhu, Professor of Marketing at CKGSB, discusses the effect of noise on creativity, in The Economist’s Intelligence Unit Executive Briefing.
Founding Dean and Leading World Economist from China’s leading Cheung Kong Graduate School of Business shared insights during FT-ODX “Essential China” Conference
In a written interview with Fortune Korea, CKGSB Professor Ou-Yang Hui said “the wealth management products related to shadow banking in China account for a relatively small portion of China’s total banking assets”, adding that China’s shadow banking situation is still under control. Professor Ou-Yang explained that the scale of China’s shadow banking has reached 40% of the country’s overall GDP and is worth over RMB 27 trillion, which is still lower than that of the UK (480%) and the U.S. (160%). However, he agreed that shadow banking has witnessed a rapid growth in recent years. He said this stems from “a strong loan demand from corporations due to relatively low real borrowing rates compared to nominal GDP growth rates, especially from private companies and SMEs, that could not be satisfied by the formal banking system because of loan quotas or sector loan regulations.”
CKGSB alumna Wu Yajun, who is the co-founder and chairwoman of Longfor Properties, has been named as the 41st most powerful woman in the world by Forbes.
CKGSB Associate Dean and Professor of Accounting and Finance Liu Jing delivered a presentation and participated in a panel discussion at the 2014 Dong-A International Finance Forum (DIFF).
On May 28th, CKGSB, in partnership with KPMG, held its second breakfast panel on the topic of internet finance. Shedding light on the implications of this hot topic in China and globally were two distinguished speakers, CKGSB Associate Dean and Professor of Finance, Chen Long, and KPMG Partner, Raymond Cheong.
Dean Xiang, at the 2014 at St. Petersburg International Economic Forum (SPIEF), talks about a globalized China and challenged along the way, including income inequality and environmental issues.
On Friday, May 23rd, CKGSB proudly hosted Joel Backaler, author of China Goes West, and Li Kan, CKGSB EMBA student and Managing Director of TCL Venture Capital, in an engaging panel discussion on the opportunities and challenges that globalization and M&A will bring to Chinese companies. The panel was moderated by Li Xiaoyang, Assistant Professor of Economics and Finance at CKGSB.
In the days, weeks and months following its IPO filing, Alibaba will be the center of attention throughout not only the technology universe, but also those interested in learning about Jack Ma and his path to building one of the world’s largest e-commerce empires. Teng Bingsheng, Professor of Strategy Management at CKGSB, recently spoke to Bloomberg about how Jack Ma turned a vision into reality.
Zhou Chunsheng, CKGSB professor of finance, spoke with Don Weinland of China Economic Review on the underlying challenges facing China's capital markets, which permeate the country's judiciary and even society at large. At what measures will the China Securities Regulatory Commission have to take to truly be able to push through financial reform?
DongA Economic Leaders Academy (DELA) Overseas Networking Program’s Completion Ceremony was successfully hosted at CKGSB, Beijing where the DELA students including Korean financial corporate executives and the government officials from the financial authorities were certified. CKGSB also hosted a speech session on the current circumstances and regulatory trends in the Chinese financial industry, where students shared their opinions and knowledge with CKGSB professors and the local business leaders.