The 2020 World M&A Summit, initiated by Shanghai United Assets and Equity Exchange and co-hosted by China Chamber of International Commerce (CCOIC), Bank of Communications, Bank of Shanghai, Shanghai Financial Association, and China Enterprise Reform and Development Society (CERDS), was successfully held at the National Exhibition and Convention Center (Shanghai) on the afternoon of November 9th, 2020. Chen Yin, Executive Vice Mayor of Shanghai and member of Standing Committee of Shanghai Municipal Committee, and Zhang Shenfeng, Vice Chairman of China Council for the Promotion of International Trade (CCPIT) and CCOIC, attended the opening ceremony and delivered a speech.
The theme of the summit is "Investing in new engines of mergers and acquisitions and helping to build multi-level capital markets", aiming to help the CIIE upgrade from a commodity trade fair to a capital exchanges platform, to enhance the influence and voice of the Shanghai International Financial Center, to promote the integration of production and finance, and to better serve the real economy. It also aims to help Shanghai build the "six centers", set new coordinates, inject new impetus and make new contributions to the future growth of the global economy.
In his speech, Chen Yin pointed out that, as the leading force in reform and opening-up and pioneer in innovation and development, Shanghai is characterized by three distinctive features, namely, openness, innovation and inclusiveness. And Shanghai will make every effort to build a market-oriented, rule-based and internationalized first-class business environment, accelerate the construction of high-standard and high-efficiency diversified capital markets, and constantly improve the service level of property rights market and securities market, providing stronger and more precise service guarantee for Chinese and foreign companies to develop in Shanghai. Shanghai also wholeheartedly welcomes companies from all over the world to come to Shanghai, invest in Shanghai, take root in Shanghai, share Shanghai's development opportunities, and jointly create new miracles in Shanghai's development in a new era.
Zhang Shenfeng pointed out that in the era of globalization, mergers and acquisitions, as effective ways for modern enterprises to grow bigger and stronger, are an effective way of resource allocation. The World M&A Summit aims to create a platform for dialogue that promotes high-quality economic development through high-quality M&A, serves the building of Shanghai International Financial Center, implements the opening-up strategy, and serves China's economic transformation and development. At the same time, he also emphasized the important role played by the CCPIT and the CCOIC in promoting economic and trade exchanges between Chinese and foreign enterprises and the development of M&A industries.
Dai Xianglong, former President of the People’s Bank of China, Cai Esheng, Chairman of the Financial Center for South-South Cooperation and former Vice Chairman of China Banking Regulatory Commission, Zhou Wanfu, Member of the Party Committee and Vice President of Bank of Communications Co., Ltd., Song Zhiping, Chairman of the China Enterprise Reform and Development Society and the China Association for Public Companies, Wang Zhongmin, Chairman of Shenzhen Institute of Financial Stability Development and former Vice Chairman of the National Council for Social Security Funds, Xia Zhongren, Party Secretary and Secretary General of Chinese State-owned Property Exchanges Association, Zheng Yonggang, Chairman of the Board of Directors of Shanshan Holdings, delivered keynote speeches. The United Nations Economic and Social Commission for Asia and the Pacific and the European M&A Group also made video presentations at the summit.
As a sideline of the 3rd CIIE, the summit attracted many industry leaders and industry experts from domestic and foreign banks, industrial funds, investment institutions, government agencies and well-known enterprises to attend. The number of online viewers exceeded 300,000.