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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.

 

 

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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.

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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.

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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

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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]

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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.

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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.

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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!

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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.

 

 

 

 

1 Oct 2018:  WiseNet Asia has brought together the successful collaboration between Embry-Riddle Aeronautical University, USA and Chongqing Jiaotong University, China under the Chongqing Connectivity Initiative (CCI).

The CCI is Singapore and China’s third joint project, and a linchpin of the global Belt and Road Initiative.  The four main pillars of cooperation are in transport and logistics, aviation, information and communication technology and finance.  CCI aims to drive growth in China’s western region by improving Chongqing’s transport and services links to the region and beyond.

MOU- CQJTU and ERU (1)

Facilitated through WiseNet Asia, Embry-Riddle Aeronautical University (ERU), the world’s largest university specializing in aviation and aerospace, and Chongqing Jiaotong University (CQJTU), China’s leading university in transport engineering has signed a Memorandum of Understanding on the following:

  • Joint Degree courses starting year 2019 in Singapore
  • Short term courses
  • Exchange program for teaching staffs

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MOU- CQJTU and ERU (2)

This marks a significant milestone for aviation training in China and South East Asia, as there will be more options and better access to internationally recognized aviation courses.

Boeing forecasts that Asia Pacific’s economic growth will spur a need for 240,000 more pilots, 317,000 cabin crew and other aviation jobs such as technicians by 2037.  China will need half of these new personnel.

WiseNet Asia’s Belt and Road Initiative Business Matching Unit is a division of WiseNet Asia Pte Ltd.

About WiseNet Asia Pte Ltd: WiseNet Asia Pte Ltd is a regional integrated Human Resources services provider headquartered in Singapore.  Incorporated in 2011, WiseNet Asia started as an executive search firm and has since grown into a one-stop HR services provider.  It’s services include talent acquisition, talent development, talent transition, talent e-management system, HR outsourcing and Belt and Road Initiative business matching.  WiseNet Asia’s core value is to accelerate human resources development through innovative HR models and knowledge sharing.  For more information, visit www.wisenetasia.com