An enterprise is due to boost economic growth, contribute to social welfare and fulfill the moral duty. CoStone Capital believes that sound ESG practices drive financial value creation by building stakeholder trust, driving innovation, mitigating risk, fostering employee engagement, increasing productivity and reducing costs.
The Master Forum of CoStone Capital, a platform for conversations with the masters, invites the leading scholars and entrepreneurs from various sectors to give lectures. The Master Forum has so far held more than 20 sessions since 2014, evolving into a feast for scholars, entrepreneurs and social elites to share their ideas. It is a world-class forum on the global trends of economy, finance, and science and technology, as well as a classroom sparkling different cultures and ideas.
The CoStone Capital Reader Recommends aims at recommending classics to the public. In the hustle and bustle of modern-day life, people rarely stop to enjoy a book. Choosing the next book to read can be tough for them. By recommending the classics on humanities, history, philosophy, psychology, economy, management and aesthetics, CoStone Capital hopes that people can stop for a moment and enjoy reading. Reading enables us to think and have a better understanding on life. The sparks of different thoughts dispel the mist haunting humans. CoStone Capital would like to share various classics, hoping that we can be closer and express different voices.
This is novel coronavirus diagnosis number as of February 5, 2020; 23260, it is the number of people suspected of being infected but not diagnosed. Diagnosis is the first step of anti-virus, and the d...READ
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, makingHuawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across