Singapore, 8 December 2020

A separate initiative for a new innovation base in Western China will also be set up for talent development

 

Two Nanyang Technological University, Singapore (NTU Singapore) agreements to deepen research and talent development in China were announced today at the 16th Joint Council for Bilateral Cooperation (JCBC) meeting, the highest-level annual forum between China and Singapore.

Present at the virtual meeting were Singapore’s Deputy Prime Minister Heng Swee Keat and China’s vice premier Han Zheng, co-chairs of the JCBC meeting.

The first is a S$61 million (RMB300 million) funding for the Sino-Singapore International Joint Research Institute (SSIJRI) in Guangzhou, China’s hub for IT, biomedical science, and robotics.

In the second initiative, NTU will set up the NTU China (West) Entrepreneurship and Innovation Base in the Yubei District of Chongqing to develop next-generation entrepreneurs. It will leverage the University’s brand of world-class entrepreneurship education and create an innovation-driven ecosystem, while tapping on the city’s resources as a burgeoning entrepreneurship and innovation hub.

S$61 million to ramp up R&D at the Sino-Singapore International Joint Research Institute (SSIJRI)

 As part of a new agreement, the SSIJRI will receive S$61 million (RMB 300 million) funding for its next phase of development over the next five years.

This includes setting up at least three research and development (R&D) centres that will focus on emerging industries such as digital technologies, new energy, and biomedical-related areas.

Co-founded by NTU, the China-Singapore Guangzhou Knowledge City (CSGKC) Administrative Committee, the South China University of Technology (SCUT), and the CSGKC Investment and Development Co., Ltd (GKC Co.), the joint research institute promotes research innovation and aims to turn scientific and technological achievements into marketable solutions for the society at large. It is expected to play a pivotal role in the Guangdong-Hongkong-Macau Greater Bay Area.

It was incepted in 2015 through an agreement witnessed by Prime Minister Lee Hsien Loong and Chinese President Xi Jinping, and established two years later.

SSIJRI has since embarked on 45 innovative projects, yielding over 90 research papers published in renowned scientific journals. Aside from over 70 patent applications, the Institute has facilitated the licensing of five patents – with a total value of S$1.7 million (RMB 8.6 million) – from NTU to Chinese companies.

The Institute’s research teams have also set up three joint research centres, and collaborations with other industry partners are underway.

Going forward, the SSIJRI aims to launch at least 40 new research projects and file at least 100 new patent applications by 2025.

NTU Senior Vice-President (Research), Prof Lam Khin Yong, who co-chairs the SSIJRI’s Governing Council, said: “The Sino-Singapore International Joint Research Institute (SSIJRI) is a landmark project for scientific and technological collaboration between China and Singapore, and shows how a public-private collaboration model can yield remarkable results in translational research, technology commercialisation and incubation. Leveraging NTU Singapore’s strength in interdisciplinary research and strong credentials in technology innovations, the SSIJRI has resulted in a steady flow of innovative ideas that can be translated into real-world solutions.

“The Institute’s work is aligned with the NTU Smart Campus vision of using tech-enabled solutions to support knowledge discovery and promote better learning and living experiences, and allows the University to push the frontiers of research and translate it into beneficial outcomes to better society on a wider scale.”

SCUT Vice President Professor Zhu Min, who also co-chairs the Institute’s Governing Council, said: “The agreement will bring new opportunities for the development of the Sino-Singapore International Joint Research Institute. SCUT will work together with NTU Singapore to build the Institute into an exemplary model of scientific and technological cooperation between China and Singapore.”

Successful research outcomes arising from the collaboration will be implemented at CSGKC, with the support of the GKC Co.

A CSGKC Administrative Committee spokesperson said: “With the elevation of China-Singapore Guangzhou Knowledge City’s strategic position, it is hoped that the Sino-Singapore International Joint Research Institute can be built into a new scientific research institute that takes the lead in technological cooperation and innovation between China and Singapore, and a new highland in international technological innovation in the Guangdong-Hong Kong-Macau Greater Bay Area.”

Mr Chen Changxin, GKC Co. CEO, said: “The Sino-Singapore International Joint Research Institute is an iconic government-industry-academia collaboration between China and Singapore. As one of the Institute’s Governing Council members, GKC Co. will continue to support the Institute’s development and facilitate the commercialisation of the scientific and technological achievements from the Institute’s projects.”

SSIJRI is expected to move into its headquarters at the China-Singapore Smart Park in the core of China-Singapore Guangzhou Knowledge City’s Southern Start-Up Area in mid-2021. The 23,000 sqm space will house R&D facilities, research and administration personnel, as well as the Institute’s spin-off companies.

New NTU China (West) Entrepreneurship and Innovation Base for talent development

The new NTU China (West) Entrepreneurship and Innovation Base in Yubei, Chongqing, is an industry-academia collaboration between NTU and the Chongqing Yubei District People’s Government (YDPG) that aims to jointly develop talent and create an ecosystem driven by innovation and entrepreneurship.

It will be set up in the Xiantao International Big Data Valley, where more than 700 companies have set up offices, including big names such as Microsoft and Qualcomm.

Under a joint talent development platform, both parties will explore setting up a new joint MiniMasters™ programme on technopreneurship, where students attend hybrid classes on the NTU campus in Singapore and at the Innovation Base in Chongqing.

NTU will also introduce certification courses to groom entrepreneurial leaders to meet the needs of western China, and to raise the quality of entrepreneurship education in the region.

This builds on an NTU-YDPG internship programme launched in May, through which NTU students can experience the vibrancy and agility of the tech companies in Yubei and build up expertise in fast-growing fields such as big data and artificial intelligence.

Aside from talent development, the Innovation Base also aims to develop a thriving ecosystem that brings together innovative ideas and resources from Singapore and around the world.

NTU Deputy President and Provost, Prof Ling San said that NTU’s latest partnership with the Chongqing Yubei District People’s Government on entrepreneurship education builds on the two parties’ earlier agreement where NTU students take on technology-related internship opportunities in the Yubei district.

“Pairing the University’s broad and vibrant approach to entrepreneurship with Chongqing’s industrial advantages to create an innovation ecosystem that nurtures next-generation entrepreneurs in China. This in turn creates a conducive environment for NTU students to experience the agility of the startup companies there,” said Prof Ling.

Mr Tan Qing, Chief Executive of the YDPG, said: “Yubei District is Chongqing’s launchpad to the world and a crucial foundation of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity. It is aggressively pursuing an innovation-driven development strategy to establish five mega industry clusters, each worth at least RMB100 billion.

“Yubei District and NTU will jointly establish a new innovation base to further strengthen mutual co-operation in talent development as well as innovation and liberalisation of the digital economy. This initiative will signal a high watermark in China-Singapore relations and propel Chongqing’s leadership in the liberalisation and development of the western region.”

***END***
Related News:
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Chongqing, 30 Nov 2020 – NIEI, the training private arm of the National Institute of Education (NIE) Singapore, conducted their first online training with Chongqing Bashu Secondary School during their 9th Annual Academic Conference on 30th Nov 2020.

The session commenced at 6.30pm with Professor Paul Teng, MD and Dean of NIEI sharing his joy in working with Bashu Secondary School since the MOU was signed in Oct 2020.

Professor Paul Teng, MD and Dean of NIEI

At 6.40pm, Principal Tan took over to share with Bashu on the topic: “School management model and challenges faced by schools in the post-pandemic period”.  The session ends at 7.50pm.

Principal Tan, NIEI Course Lecturer

Principal Tan giving a lecture on ‘An Organization’s Adaptability and Resilience in Facing a Crisis’

Mr Li Siao He, Vice Principal, Chongqing Bashu Secondary School (李潇珂, 重庆巴蜀中学副校长)

On 1 Oct 2020, NIEI and Chongqing Bashu Secondary School signed an online strategic agreement to establish a long-term cooperation mechanism in education, training, cultural exchanges and other aspects to promote mutual progress.

This article is a translation republished from xinhuanet.com.  View source in Chinese:  http://www.cq.xinhuanet.com/2020-10/02/c_1126569602.htm

On October 1, Chongqing Bashu Secondary School held an online strategic cooperation signing ceremony with NIE International Pte. Ltd., a subsidiary National Institute of Education, Nanyang Technological University, Singapore.

The online meeting was attended by the following:

Professor Paul Teng, Managing Director/Dean, NIE International Pte. Ltd, Singapore

Mr Wesley Hui, Founder and Executive Director, WiseNet Asia Pte. Ltd, Singapore

Dr. Han Peng, Director of Information Center, Chongqing Institute of Science and Technology and Chairman of Chongqing Science and Technology Service Company

Mr Wang Guohua, Principal, Bashu Secondary School

Shu Yihai, Party Secretary

Other attendees in the meeting included leaders of relevant departments in Bashu Secondary School and representatives from Chongqing Zhongxing Education Technology Co., Ltd

Dr. Han Peng, Director of Information Center, Chongqing Institute of Science and Technology and Chairman of Chongqing Science and Technology Service Company

At the signing ceremony, Dr. Han Peng delivered a speech on behalf of the China-Singapore (Chongqing) Information and Communication Innovation Cooperation Alliance. Dr. Han Peng gave an introduction on the background of the establishment of the China-Singapore Alliance and China-Singapore (Chongqing) International Internet Data Channel. He believed that the cooperation between Bashu Secondary School and NIEI provided experience for China-Singapore Data Channel to carry out educational cooperation. This collaboration is a demonstration case of the application of new data channel in the field of education, and stated that the alliance will try its best to provide services during the cooperation between the two parties.

Professor Deng Bingxiang affirmed the achievements of Bashu Secondary School, especially the top-notch innovative talent training system of Bashu Secondary School, and hopes that through strategic cooperation with Bashu Middle School, it will promote more professional development of the teacher team. It is expected that the two sides will establish a long-term cooperation mechanism in education, training, cultural exchanges and other aspects to promote mutual progress.

Mr Wang Guohua, Principal, Bashu Secondary School

In his speech, Wang Guohua emphasized that Bashu Secondary School emphasize great importance to the curriculum system and development of the teaching staff. The school will continue to implement the spirit of the document “China Education Modernization 2035”. Under the of China-Singapore (Chongqing) Connectivity Strategic Cooperation, Bashu Secondary School will rely on NIEI’s education system and high-quality courses to facilitate the development and growth of education professionals. Starting from the signing of this strategic cooperation agreement, we will closely focus on each other’s objectives through joint planning, increasing consensus, working on mutual benefits, and jointly promote further innovation and progress of education products.

—End—

SINGAPORE, 13 May 2020 – To support undergraduates seeking internships in an uncertain market amid the COVID-19 pandemic, Nanyang Technological University, Singapore (NTU Singapore) is partnering human resources consultancy WiseNet Asia, and the Chongqing Yubei District People’s Government (YDPG) to offer internship opportunities in areas such as big data and artificial intelligence (AI).

These internship and employment opportunities, found primarily in the Yubei District, a burgeoning tech and innovation hub in Chongqing, China, will be open to NTU Singapore students across all disciplines. The Yubei District is home to the Xiantao International Big Data Valley, where more than 700 companies have set up offices, including big names such as Microsoft and Qualcomm.

NTU Deputy President and Provost Professor Ling San, WiseNet Asia Consulting Director Mr Diron Chua, and Communist Party of China Yubei District Committee Vice Secretary Mr Tan Qing inked the agreement yesterday at the fifth Joint Implementation Committee Meeting for the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, at The Treasury building, Singapore. Mr Tan, who is also the Chief Executive of YDPG, signed the agreement remotely via video conferencing.

Joining them at the event were Minister for Trade and Industry Chan Chun Sing, Minister for Manpower and Second Minister for Home Affairs Josephine Teo. Chongqing Party Secretary Chen Min’er, and Chongqing Mayor Tang Liangzhi witnessed the signing through video conferencing.

(Back row from left to right): Josephine Teo, Second Minister for Home Affairs; Chan Chun Sing, Minister for Trade and Industry. (Front row from far right): Diron Chua, Director, WiseNet Asia; Professor Ling San, Nanyang Technological University

The collaboration seeks to leverage each party’s strengths, experience, and capabilities in order to facilitate increased collaboration in talent development and mobility between Chongqing, China and Singapore.

Prof Ling San said: “During this period of unprecedented challenges, it is even more crucial to give our students a competitive edge in securing employment. The internship opportunities that arise from NTU’s collaboration with WiseNet and the Chongqing Yubei District People’s Government will allow our students to experience the vibrancy and agility of the tech companies in Chongqing, and build up expertise in fast-growing fields such as big data and AI. Students may even get full-time employment opportunities arising from this collaboration. It will also give our students an opportunity to understand our region better, so that they are well-prepared to thrive in other countries and cultures, including in Asia.”

Mr Wesley Hui, Director of WiseNet Asia, said: “We are excited to be working together with NTU Singapore and Chongqing Yubei District People’s Government in talent development. Talents are a constant priority in companies of any size. When young workers are groomed from the start of their career, they are conditioned with the right mindsets, values and the tenacity to withstand tough challenges. These are the soft factors that make up successful leaders.”

Internships to start second half of 2020

The placements that are expected to start in the second half of this year will see NTU students being offered internship opportunities in the Yubei District, as well as industry networking opportunities, with the help of YDPG and WiseNet.

In addition to being given an allowance, students who are successfully recruited as interns will have their visas, accommodation and meals taken care of.

WiseNet will coordinate with companies on the selection and placement of potential interns, while YPDG will take care of the students’ visas, accommodation and meals for up to six months.

As part of the agreement, NTU will contribute to the human capital development of executives in Chongqing through its postgraduate programmes and executive courses.

 

***END***

Back row from left to right: Josephine Teo, Second Minister for Home Affairs; Chan Chun Sing, Minister for Trade and Industry
Front row from far right: Diron Chua, Director, WiseNet Asia; Professor Ling San, Nanyang Technological University (NTU)

Media contacts:

Foo Jie Ying
Manager, Corporate Communications Office
Nanyang Technological University
Tel: 6790 6681; Mobile: 9117 5023
Email: jieying@ntu.edu.sg

Regine Chin
GM, Marketing
WiseNet Asia
+65 6337 2231
regine.chin@wisenetasia.com

About Nanyang Technological University, Singapore

A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,000 undergraduate and postgraduate students in the Engineering, Business, Science, Humanities, Arts, & Social Sciences, and Graduate colleges. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London.

NTU is also home to world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI) and Energy Research Institute @ NTU (ERI@N).

Ranked 11th in the world, NTU has been placed the world’s top young university for the past six years. The University’s main campus is frequently listed among the Top 15 most beautiful university campuses in the world and it has 57 Green Mark-certified (equivalent to LEED-certified) building projects, of which 95% are certified Green Mark Platinum. Apart from its main campus, NTU also has a campus in Singapore’s healthcare district.

For more information, visit www.ntu.edu.sg.

 

About WiseNet Asia Pte Ltd

WiseNet Asia Pte Ltd is a regional integrated Human Resources services provider and consulting firm headquartered in Singapore.  WiseNet Asia’s HR solutions consist of talent acquisition, talent transition, talent development and HR outsourcing.  WiseNet Asia’s core value is to accelerate human resources development through innovative HR models and knowledge sharing. For more information, visit http://WiseNetAsia.com/

 


Related News

Ministry of Trade and Industry Singapore:   https://www.mti.gov.sg/Newsroom/Press-Releases/2020/05/5th-CCI-JIC-Meeting-12-May-2020

Nanyang Technological University, Singapore (NTU Singapore):  https://media.ntu.edu.sg/NewsReleases/Pages/newsdetail.aspx?news=0c56dfe2-2ef2-434c-925b-c3d38194955b

 

 

 

 

 

 

Chongqing, 4 Nov 2019  – The China Singapore (Chongqing) Connectivity Initiative Financial Summit was held in Chongqing with the theme Financial Connectivity along the “Belt and Road” ─ Financial Opening and Innovation to Promote the New International Land Sea Trade Corridor.  The summit was co-hosted by the Ministry of Commerce of the People’s Republic of China, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and the Chongqing municipal government, as well as the Ministry of Trade and Industry and the Monetary Authority of Singapore.

More than 1200 government officials and corporate leaders attended the event.  Distinguished guests include Chongqing mayor and deputy secretary of the Municipal Party Committee Tang Liangzhi, Singapore Minister of Education and Monetary Authority of Singapore board member Ong Ye Kung, Monetary Authority of Singapore Managing Director Ravi Menon, People’s Bank of China Vice President and State Administration of Foreign Exchange Director Pan Gongsheng.

Left to right: Mr Wang Xiao Ping, Chairman of the Board, Chongqing Xian Tao Data Valley Investment Management Co Ltd; Ms Karen Woong, GM, WiseNet Asia Chongqing; Mr Xia Xiu Jun, Director of the Talents Office,Yubei District Committee

During the signing ceremony, a memorandum of agreement was signed between WiseNet Asia, Xian Tao Big Data Digital Valley and Yubei District Office to facilitate talents placements in Chongqing.  WiseNet Asia was represented by Ms Karen Woong, GM, WiseNet Asia Chongqing.

—End—

 

16 May 2019 –  WiseNet Asia participated in the 2nd Western China International Fair for Investment and Trade in Chongqing to present its Belt and Road HR Solutions. This is the largest trade fair in Western China, and a significant event for Chongqing to carry forward it’s trade opening up through global collaborations.  The trade opening up policy is in line with the Belt and Road Initiative for the Western region.

The 3 days event from May 16 to 18 attracted participants from 95 countries, consisting of 4000 companies and 70,000 visitors. A total of 132 projects with investment value of RMB337.53 billion are signed during the event.

 

 

IMG_8920

28 Feb 2019:  WiseNet Asia facilitated a meeting between Chongqing Connectivity Initiative Bureau, China (CCIB) and Singapore Manufacturing Federation (SMF), the aim of the meeting is to create awareness and promote trade in the Southern Transport Corridor to members of SMF.

Chongqing Connectivity Initiative Bureau is represented by Mr Hu Jian Bo, Minister of the Transport & Logistics Promotion Department, CCI.

Singapore Manufacturing Federation is represented by Mr Poh Choon An, Vice President.  Mr Poh is also the Vice Chairman, China and North Asia Business Group, Singapore Business Federation (SBF).  Other attendees from Singapore included Mr Wesley Hui, Executive Director, WiseNet Asia, Mr Chan Fook Seng, Consulting Director, Global Trade Services and several other key figures from each of these entities.

IMG_8916

Left: Mr Hu Jian Bo, Minister of the Transport & Logistics Promotion Department, CCI; Mr Poh Choon An, Vice President, Singapore Manufacturing Federation

The Southern Transport Corridor is an extension of the Chongqing Connectivity Initiative (CCI), the 3rd government-to-government joint project between China and Singapore.  Chongqing is the western hub of the Belt and Road Initiative due to its strategic location that connects the “Silk Road Economic Belt”, “21st Century Maritime Silk” and the “Yangtze River Economic Belt”.

The Southern Transport Corridor is a southward trade route of multimodal rail and sea logistics networks.  The Corridor consist of:
– Chongqing-Guizhou-Guangxi-Singapore rail-sea multi-modal logistics passage
– Southward cross-border road passage via the provinces of Sichuan, Guizhou and Guangxi
Southern Transport Corridor

With Southern Transport Corridor and the Europe bound north west rail route (YuXinOu), Chongqing is well positioned as the logistics hub for the western region.

Most of the members of Singapore Manufacturing Federation have set ups in countries along the Southern Transport Corridor, hence they will benefit from lower cost of goods sent, and reduced shipping time.  SMF currently has 3000 members; SBF have another 5000 members, members from both associations will be alerted on the new network and its opportunities.

As of to date, not many Singapore companies are aware of the Southern Transport Corridor.  When the faster and lower cost transport networks are fully maximized, the benefits are enormous.  Moving forward, WiseNet Asia will assist companies that intend to expand into Southern China through its strength in business matching and talents management.

—End—

 

12 March 2019 – Representatives from companies that operate in both sides of Chongqing and Singapore met with government officials from the Chongqing Municipal Government to discuss challenges in the course of doing business cross-border. This meeting aims to discuss business issues and possible solutions.

More and more multinationals and SMEs expand their businesses cross-border under the Chongqing Connectivity Initiative (CCI), the third government-to-government project between Singapore and China, which was set up in Nov 2015.  Four priority sectors identified for joint development under CCI are financial services, aviation, transport   and   logistics   and   Information   and   Communications Technology (ICT).

This meeting is hosted by Mr Qi Xiao Feng, Deputy Director, Chongqing Connectivity Initiative Bureau.

Other representatives from Chongqing include Mr Deng Hui Lin, Deputy Mayor of Chongqing Municipal Government; Mr Qi Xiao Feng, CCIB Deputy Director; Mr Pang Li Qiang, Municipal Public Security Bureau Criminal Investigation Corps Political Commissar; Mr He Qiang, Director of Chongqing Public Security, Chengdu Railway Public Security Bureau.  Also in the meeting are representatives from Municipal Government Port Logistics, Municipal Public Security Bureau, CCIB, YuXinOu Railway.

The Singapore based companies in Chongqing that have their representatives present are from WiseNet Asia, YCH Group, City Developments Ltd, Vibrant Group Ltd., Fooyo, Business China, FinTech Association.

The Chongqing based companies in Singapore that have their representatives present are from Chongqing International Trade Group, Zomwork, Xinyi Jimao, Shybuild, Dawn Group, Quanneng Pharmaceutical, Singapore Chinese medicine industry,Rong Teng Technology (Nova), Perfect International School, SECC Holdings, Meridian Industries.

The Singapore companies’ feedback on challenges they are facing in doing business in Chongqing, some of these include work permit validity for 1 year, which can be a hassle to renew yearly.  Other areas where the participants requested for improvements include local corporate governance with better clarity, clearer defined legal protection for overseas companies’ investment and joint ventures.

Wesley & Dep Dir CCIB

From left: Wesley Hui, Executive Director, WiseNet Asia and Qi Xiao Feng, Deputy Director, Chongqing Connectivity Initiative Bureau

–End–

Why you should consider career opportunities in Chongqing

 

Positioned at the confluence of Asia’s economic markets, Chongqing is the largest of China’s four municipalities. What’s more, it has seen a year-on-year double digit GDP of 11% reflecting its rapid growth and development.

A vibrant and unique city

Touted as the world’s fastest growing tourism city according to the World Travel & Tourism Council, Chongqing is the gateway to the stunning Three Gorges reservoir and home to alluring valleys.[1] Its location in the Sichuan region also makes it a great place to enjoy simmering hotpot dishes. Thrill-seekers can expect the American-owned Six Flags amusement park franchise to open an adrenaline-pumping space here in 2020.[2]

WeChat Image_201805240951225

The Chongqing region is identified as one of the focuses under China’s 13th Five-Year Plan (2016-2020) for socioeconomic development, with a mandate for greater urbanization and connectivity by strengthening its shipping centers in the Yangtze River, the longest river in Asia.

Chongqing is a key inland transportation hub for the Belt and Road Initiative which connects Western/Southeast Asia, Africa and Europe. The recent Belt & Road Chongqing Brand Expo 2018 drawing 20,000 visitors highlighted the city’s auspicious position as the intersection of the Silk Road Economic Belt, Indo-China Peninsula Economic Corridor and Yangtze River Economic Belt.

westernchinaairport

Transport options abound with Jiang-bei International Airport located in the heart of the city, over 150 trains passing through daily to connect major cities like Beijing and Shanghai, and 6 easily navigable subway lines linking Chongqing’s 9 districts, just to name a few. The huge investment in connectivity here has, in turn, attracted investment from other cities in China.[3]

Establishing a career in Asia’s largest smart city

Primed to be Asia’s largest smart city and also China’s pilot city to apply Big Data Intelligence by 2020, Chongqing hosted the Smart China Expo in 2018 which welcomed key personalities in business and tech such as Alibaba’s Jack Ma and Tencent’s Pony Ma.[4] Recently, Alibaba partnered with a local bank to develop financial service apps and Tencent announced its 1,000-strong workforce in the city, an increase from the previous figure of 400.[5] The presence of these MNCs here is testament to the growth potential of Chongqing—you certainly want to get on board this wave of progress!

 Incentives for talents

Career opportunities are impressive as the local government seeks to attract worldwide talents. The launch of the Hongyan Talent Plan in 2017 is a major factor: it offers monetary incentives based on industry classification, services around investment and financing, eligibility for resident visa and household status, medical services and more.

Hong Yan cover

Eligible talents (those who meet skillset requirements and sign an employment contract of a minimum of 3 years in Chongqing) can apply for the Chongqing Talent Service Card. This helps with household registration based on the available range of accommodation selections in expat-preferred areas, residential visa privileges, finding employment for spouse/children, schooling privileges and preferential medical arrangements. Entrepreneurs are also given support via tech initiatives, project financing, loan subsidies and more.

Those with children or looking to start a family can choose from a good variety of established international schools catering to ages from nursery to tertiary. Medical care is also just a ring away with most major serviced apartments having 24-hour call services with doctors on standby.

Achieving success

Adapting to life in Chongqing is easier than imagined with the availability of expat support networks and activities. These might include café meetups to get to know fellow expats in a relaxed setting, or even marathon races, seminars and conventions.[6]

Whether you’re a first-timer or a seasoned expat, keep an open mind and be willing to explore. Get rid of any preconceptions you may have and you might learn something new along the way!

In terms of business etiquette which can be delicate in Chinese tradition, here are some tips to follow:[7]

  • 关系 (guānxì) or strong relationships is particularly important in China—this may involve several meetups which could involve informal lunches/dinners to achieve your objectiveGuan Xi
  • If you are new, it helps to have an intermediary as most Chinese don’t conduct business with people they don’t know
  • Small talk is common and expected before meetings, instead of just getting to the point
  • Maintain composure and avoid strong displays of emotion, as losing and gaining ‘face’ is a key Chinese concept
  • Enter meeting rooms in order of seniority; the person entering first is usually the head
  • ‘Yes’ doesn’t always mean yes, and ‘no’ is only said in private

With practice and over time, these customs will naturally come to you.

With a plan dedicated to attracting world-class talents to this lively city brimming with opportunity, Chongqing is definitely a place you should consider for your next career move!

–End–

Sources:

[1] Source: https://edition.cnn.com/travel/article/chongqing-china-tourism/index.html

[2] Source: https://investors.sixflags.com/news-and-events/press-releases/2018/04-24-2018-213034885

[3] Source: https://www.internations.org/chongqing-expats/guide/working-in-chongqing-18651

[4] Source: http://en.people.cn/n3/2018/0830/c90000-9495761.html; https://www.prnewswire.com/news-releases/chongqing-to-host-smart-china-expo-boosting-development-of-big-data-technology-300699414.html

[5] Source: https://asia.nikkei.com/Business/Business-Trends/China-s-top-tech-flocks-to-inland-cities-to-develop-AI

[6] Source: http://www.cqexpat.com/

[7] Source: https://www.todaytranslations.com/doing-business-in-china; https://www.cnbc.com/2017/06/27/etiquette-tips-for-doing-business-in-china.html; https://cnbusinessforum.com/chinese-business-etiquette-101-business-china/

Article Top5_3

With the rapid development in the China market, China has now become one of the world’s leading economies. This has brought more and more foreign companies to China. China’s business environment and culture are different from other parts of the world. To succeed in China, foreign companies are inevitably faced with various challenges that must be overcome.  In response to these challenges, we conducted a brief interview with Ms. Gao Xin, who has worked for many years in foreign companies.  Ms. Gao Xin has more than 20 years of experience in human resources management.  She is also the founding partner of the New Organization Development Research Institute. Ms Gao’s working experience include Director of Human Resources for Forbes500 Enterprises and Vice President, HR of listed companies in China. She is now working with Chinese local companies.

Based on her many years of experience and the observations working in foreign companies, Mr. Gao shared with us the top five challenges that foreign companies are facing while developing in China:

1. Foreign companies’ response to market changes is not timely

Due to rapid development, the Chinese market dynamics are constantly changing. Gao feels that the overall response of foreign companies to the market is obviously slower. She thinks the main reason is the inherent organizational structure of foreign companies. The headquarters of foreign-funded enterprises are all overseas, and the decision-making brain is often not in China. Many foreign companies in China are branches, and some are even divisions of the local Asian headquarters, thus, the distance from the real brain is quite far.

When the market has new developments, local companies will quickly respond with countermeasures. In the case of foreign-funded enterprises, their China’s branches need to report the new trends and counter measure plans to their headquarters. The headquarters will then go on meetings to discuss whether it can pass the proposed plans. This leads to the situation whereby when the local companies have already implemented counter programs, the foreign enterprises are still deciding which plan is better.

The congenital factors of foreign-funded enterprises to a certain extent determine that their response to changes in the market is not timely. Under the ever-changing market environment in China, the influence of this inherent problem of foreign companies is still quite substantial.

2. Foreign companies have low acceptance of new technologies in the domestic market

Gao thinks that although many advanced technologies are developed in the United States, the application of these technologies is very fast in China. She said that China does not have much historical burden on the use of new technology solutions, so it is very fast when it comes to the use of technological transformation. For example, credit card payment widely used in the West is not so popular in China, so new payment methods such as WeChat payment are widespread and fast. In the process, she discovered that many foreign companies are slower in this respect. In foreign companies, many office systems, management systems, and so on, all these technical applications need to be consistent with the headquarters for ease of management. The head office of foreign companies hopes that these systems will achieve global unity. Today, the development of information technology in China is changing with each passing day. Especially in the Internet industry, office software systems are constantly developing. For example, DingDing and WeChat Office fully realizes wireless connectivity with mobile phones, real-time office and remote office. Most local companies have begun to exercise these apps or software to improve their work efficiency. However, due to factors such as information security and global standardization, foreign-funded enterprises cannot decide whether to use the software in a short period of time, even if the software can effectively provide employees with work efficiency.

Gao also mentioned that many foreign companies have become accustomed to using e-mail to communicate, but the communication channels of local companies are relatively more diversified, and the exchange of information is very fast. To cope with fast market changes, the speed of decision-making must also be relatively fast, and the basis for the application of technology by foreign companies cannot support the pace of changes in the outside world.

3. China’s preferential policies for foreign enterprises have weakened

Gao shared that in the early days when foreign-funded enterprises entered the Chinese market, the Chinese government provided many preferential policies, such as tax incentives, industry-based preferential terms, etc. This series of policies allows foreign-funded enterprises to have a greater advantage when competing with local companies.

However, as more and more foreign-funded enterprises enter the Chinese market, coupled with the enormous development of local companies, the preferential policies for foreign-funded enterprises are slowly weakening. At the same time, the government is also supporting the development of local enterprises. This has resulted in foreign companies losing competitive advantage in the Chinese market. According to Gao’s observation, many foreign companies may not be able to cope with this change. For example, she mentioned that when a foreign company first entered the Chinese market, the company had a large preferential policy on income tax. Now that the policy has changed, the company’s expenditures and income have also changed. However, when the company reinvested in the Chinese market, it failed to take a very effective approach to deal with the weakening preferential policies.

4. Corporate culture differences

The work environment provided by foreign-funded enterprises to employees is relatively stable, comfortable and humane. Most people in Western countries are pursuing a state of balance between life and work. They hope that work and life are completely separate. Working hours are devoted to work, and at the end of the day, they should devote themselves fully to their own lives. However, in China, most people are very hardworking and aggressive, and their pace is relatively fast. Many people are willing to sacrifice their own rest time and devote themselves to work, hoping that they can achieve something in their career. Although employees of foreign-funded enterprises often have overtime, the reason for this overtime is mostly for internal communication purposes. Due to the time difference with the headquarters, most branch offices need to report work based on the time of the headquarters.

Gao feels that the rhythm of the entire society in Europe and the United States is relatively slow compared with China. Although the humane management style of foreign-funded enterprises is very attractive to most people, however, due to the fierce competition in the Chinese market, compared with local companies, foreign-funded enterprises have not developed the kind of ‘fierce’ spirit in response. In the long run, it appears that the competitiveness of foreign companies lags behind their Chinese competitors.

5. Foreign companies are becoming less attractive to talent

Mr. Gao shared that in the 90s and even the beginning of 2000, foreign companies ranked top on the list of companies favored by talents. However, today, there are more and more local companies that ranked ahead as favourable employees, such as Alibaba, Huawei, Tencent and others. In the early days, foreign enterprise talents were very popular in the market. But now, their popularity is on the decline.

Gao also analysed that foreign companies have advantages in the field of technology and industry experience, and a relatively longer market development time, this forms a more mature management model and philosophy. The advantages of foreign companies are a clear organizational framework, standardized processes, and meticulous definition of work scopes. These are some HR aspects that were highly regarded before.  However, it is also because of this, we realized that foreign enterprises employees can have depth in their work yet their scope is limited.

In addition, foreign branches in China do not have strong authority, and rely on the system from head office for implementations, consequently people feel more restrained. China start-ups often do not have a clear framework in the beginning.  People who work in there have multi-talents and are able to work beyond their scope. Ms Gao foresees that in the future, due to the continuous development and changes in the market, these multi-faceted talents are what the employment market will be lacking.

Finally, for foreign companies, many organization structures are fixed and it is difficult to make a big difference. Many times, a position can only rise up to certain level, where beyond that level are all foreigners. For Chinese people there is no path for further growth.

In China, the attractiveness of foreign enterprises to talents are gradually declining.  Talents that come out from foreign-funded enterprises are also losing their appeal in the employment market.

As a conclusion, Gao feels that when foreign companies are navigating the rapid development of the Chinese market and the aforementioned challenges, they need to reconsider their development strategy and positioning. If the Chinese market is the company’s target or future key market, then there need to be some adjustments in the management system and thinking. For example, to set the target market as priority, the headquarter can work as a resource and strategy center that supports the rapid development of the market. The frontline in the target market is given the authority and space for decision-making, while the headquarters mobilize resources for support.

The above article is the interviewee’s point of view and does not represent WiseNet Asia’s position. We are very grateful to Mr. Gao for taking the time for this interview.

About Miss Gao Xin

Ms. Gao Xin has more than 20 years of experience in human resources management, organizational and leadership development.  She is also the founding partner of the New Organization Development Research Institute. Ms Gao’s working experience include Director of Human Resources for Forbes500 Enterprises and Vice President, HR of listed companies in China.

Qualifications:

Master of Sustainable Leadership, University of Cambridge, UK.

MBA, Federation University, Australia

MBA, Human Resources Management, Beijing University of Science and Technology, China.

National Secondary Psychological Consultant, National Human Resource Manager, Accountant, Financial Economist, ICP Certified NLP Coach, DISC Practitioner.

 

 

 

 

 

Hong Yan cover

The Chongqing Municipal government’s Hongyan Talent Plan, launched in year 2017, aims to attract talents from all over the world to the city.

Domestic and foreign talents can now apply to be part of the Hongyan Talent Reward Plan and enjoy the relevant policies and services according to their industry classifications.

Incentives*:
• Category A talents: Monetary incentives equivalent to twice the amount of annual income tax contributed or fixed quantum incentives not amounting to more than RMB 2 million.
• Category B talents: Monetary incentives equivalent to 1.5 times the amount of annual income tax contributed or fixed quantum incentives not amounting to more than RMB 1 million.
• Category C talents: Monetary incentives equivalent to 1.2 times the amount of annual income tax contributed or fixed quantum incentives not amounting to more than RMB 300K.
*Payout of the incentives will take place over a period of three years. 40% of the incentives will be paid out on the 1st year, 35% will be paid out on the second year and subsequently, 25% will be paid out on the third year.

One-stop Services:
• Entrepreneurship: Readily available services for investment, financing, applications for national and provincial level technological projects, etc.
• Resident Visa: Eligible to apply for 5 year residence permit and enjoy perks for permanent residence status.
• Settlement / Household registration: Eligible to apply as a registered household in Chongqing for the talent and family.
• Assistance on employment for spouse and children.
• Medical Service: Enjoy privileges of priority medical services via the “green channel” in hospitals, including priority for appointments, hospitalisation,
and surgical procedures.

INDUSTRY REWARD TIERS:
Applicable Industries: Water Conservation, Agricultural Leasing, Environmental & Public Amenities, Building, Mining, Wholesale and Retail, Manufacturing, Real Estate, Transportation, Warehousing, Cultural, Sports, Entertainment, Food & Beverage and Hospitality.
Category A: Professionals with an annual salary of RMB 1.2 million and above.
Category B: Professionals with an annual salary of RMB 600K to RMB 1.2 million.
Category C: Professionals with an annual salary of RMB 300K to RMB 600K.

Applicable Industries: Education, Public Administration, Social Organisations, Electricity, Heat, Gas, Water Works, Health & Social Works, Scientific Research, Technical Services and Information & Communications Technology.
Category A: Professionals with an annual salary of RMB 1.6 million and above.
Category B: Professionals with an annual salary of RMB 800K to RMB 1.6 million.
Category C: Professionals with an annual salary of RMB 400K to RMB 800K.

Applicable Industries: Financial Institutions, Private Equity and Venture Capitals. This also includes professionals who are involved in Offshore Finance, New Financial Products Research, Risk Management, Financial Leasing and CFA, CFP & Finance Professionals.
Category A: Professionals with an annual salary of RMB 2 million and above.
Category B: Professionals with an annual salary of RMB 1.2 million to RMB 2 million.
Category C: Professionals with an annual salary of RMB 600K to RMB 1.2 million.

WiseNet is accredited by the Chongqing Municipality with the following:

  • Chongqing Municipality Talent Attraction Work Station 重庆市引才工作站
  • Talent Acquisition Service Provider for Chongqing Municipality from 2018-2019 under the Hong Yan Talent Scheme 重庆鸿雁计划海外服务供应商

Learn more about Hong Yan Talent Plan, click here: Hongyan Talent Brochure_PRINT

Date: Friday, 23rd Nov 2018 to Sunday, 25th Nov 2018
Time: 10:00 – 6:00pm (Sunday expo closes at 5pm.)
Location: ChongQing International Expo Center

 

Why choose ChongQing?

Event Belt Road CGQ opportunities

Event Details
Theme:  Quality of Life to Share

With the strong support of Chongqing Municipal People’s Government, Chongqing Commerce Commission, China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administrative Bureau, and Liangjiang New Area Government, the Expo will be launched in Chongqing, the only municipality in Western China, to deepen the implementation of the “Belt and Road” Initiative along China’s Yangtze River Economic Belt and to establish a world-class serial exhibition.

Well located in the crossroad of “Silk Road Economic Belt”, ”China – Indo-China Peninsula Economic Corridor” and “Yangtze River Economic Belt”, Chongqing set up China (Chongqing) Pilot Free Trade Zone in 2017. In addition, since Chongqing – Xinjiang – Europe International Railway became operational, Chongqing has become a key gateway connecting Europe, Asia-Pacific Region and ASEAN.

Statistics from “Belt & Road” Expo 2017
During the 2017 Expo, 12 sessions of road shows and 70 match-makings were held. Nearly 60 journalists from over 40 mainstream media delivered live report, releasing a total of over 1400 news reports throughout the event.

Event Belt Road CGQ 2017 statistics

Event Activities:

Event Belt Road CGQ 2018 event activities

Click here to register:  Registration for Brand Expo 2018

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Mr Toh Boon Lai
WiseNet Asia Pte Ltd
T:  +65-9239 7509
E: boonlai.toh@wisenetasia.com

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