The Asian Chinese entrepreneurs summit was held in Singapore Sunday with 1,200 Chinese businessmen from Asia and beyond gathering to discuss how to contend with globalization.

The summit, themed "Towards Global Connectivity", was organized by the Singapore Chinese Chamber of Commerce and Industry (SCCCI), which also celebrated its 100th anniversary.

Statistics showed that the value of the top 500 Chinese enterprises in 2006 is worth nearly 900 billion U.S. dollars, with the majority of the companies originating from Asia.

"We welcome businessmen from every part of the world to invest in Singapore, set up companies here and even get a listing on the Singapore Exchange," Wong Kan Seng, deputy prime minister and minister for Home Affairs, said at the summit.

Currently, more than 700 companies are listed on the Singapore Exchange, among them, over 250 companies are of foreign origin. And within this group are 110 enterprises from China.

"The value of these China plays has already reached 28 billion Singapore dollars (about 17.7 billion U.S. dollars), and account for 5.5 percent of the Singapore market," said Wong.

He also encouraged local companies to work with their counterparts in the Association of Southeast Asian Nations (ASEAN) and other regions in Asia to enter into joint investment projects in China and India.

The summit was an effective networking platform for the global Chinese entrepreneurs, said SCCCI President Chua Thian Poh, adding that he hoped this summit would serve the purpose of gathering the entrepreneurs to exchange their ideas and explore areas of cooperation.

Five outstanding Chinese entrepreneurs from different parts of Asia shared their business experiences and strategies in an era of globalization, emphasizing the importance of transparency, technological development and adaptability.

Source: Xinhua