The International CEO Roundtable of Chinese and Foreign Multinational Corporations, a top business forum aimed at promoting the development of transnational companies and exploring ways for sustainable economic development, will be held in Beijing from November 16 to 18.
Senior government officials and business leaders from leading Chinese and overseas companies will gather to delve into challenging problems like "Opportunities and Risks of Securities, Funds and Futures", "Environment for Corporate Investment", "Government and Enterprise Credibility", "Cross-border Merger and Acquisition" and "Opening of Financial Markets and Banking Service".
"Transnational companies will dominate the world economy in the 21st century. Nurturing stronger and more responsible multinationals will be crucial for China," said Zhang Xiaoyu, executive vice-president and secretary-general of China International Institute of Multinational Corporations (CIIMC), organizer of the forum.
CIIMC successfully sponsored the World Economic Development Declaration Conference in Zhuhai in November 2003. The Zhuhai Declaration, which sets principles, targets and obligations for governments and enterprises in economic development, became the first such global declaration endorsed by the United Nations.
This year's CEO summit is inviting 20 CEOs from the world's top 500 firms, 100 CEOs from China's top 500 companies as well as scores of mayors and bank chiefs from home and abroad. Several UN agencies including the UN Development Program, the UN Conference on Trade and Development, the UN Industrial Development Organization and the UN Environment Program will be co-sponsors of the forum.
Transnational acquisition and protection of national industries will be a key topic.
According to Zhang, the Chinese economy is "one of the world's most open economies" - there are few restrictions barring foreign capital from entering some of the country's key economic fields.
Source: China Daily
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