The fourth CoStone Capital Management Forum and the Launch Ceremony of the Wuhu Navigation CoStone Fund commenced on September 15. The Wuhu Navigation CoStone Fund, with a scale of over ¥600m (approx. $91.8m), is the tenth fund launched by CoStone Capital and invests in the growing SMEs. This forum focuses on the topics concerned by entrepreneurs and the investment industry, such as the macro economy, the micromanagement of enterprises and social science.

Pan Chaohui, Deputy Secretary of the Wuhu CPC Party Committee, making a speech

Lin Ling, CoStone Capital Partner and Manager of the Navigation CoStone Fund, introducing the fund

The launch of the Wuhu Navigation CoStone Fund was welcome among investors, although many of them were gloomy about the investment environment. Chairman Zhan Wei expressed his optimism about the environment at the fund's launch ceremony. Most of the projects that have brought high returns to CoStone Capital were invested when the macro economy was predicted to be weak and there was a decline in the capital market, said Zhang Wei.

Ha Jiming making a speech

Ha Jiming, an economist and Managing Director of Goldman Sachs Asia, corroborated Zhang Wei's opinion at the CoStone Capital Management Forum on September 15. From his analysis of the global economic trend, the upgrading of the consumption structure, the economic transformation and the aging population will fuel emerging industries in the long run. Furthermore, the valuation of the stock market is expected to go up in the fourth quarter because of an improving political environment.

Prof. Yang Du on the Growth and Model of China's Top 500 Enterprises

Professor Yang Du at Renmin University of China lectured on the "Growth and Model of China's Top 500 Enterprises". The topic was illustrated with credible charts and figures in a critical way.

Prof. Wu Chunbo on Huawei's Culture

 Professor Wu Chunbo enjoys a high reputation for his study on Huwwei's culture. As he introduced, the core of Huawei's management consists of three aspects: a performance-oriented corporate culture, a customer-oriented macro business model, and a process-oriented operation mode. Putting customers at the center is the basic culture of Huawei and the most sustainable mode of development, Prof. Wu finally added.

Prof. Qin Hui on Social Management 

Professor Qin Hui at Tsinghua University discussed how to get out of the trap of "Negative Welfare" in his speech. He reckoned that the negative welfare problem in China is caused by "robbing the poor to feed the rich". To solve the problem, the system must be reformed. He stressed that welfare must be deemed as the citizens' right and the government's responsibility, and that the accountability system for the government should be strengthened.

Speaker

Dr. Ha Jiling

Dr. Ha Jiming is Vice Chairman and Chief Investment Strategist of the Investment Strategy Group within the Investment Management Division of Goldman Sachs Asia, focusing on macroeconomic research in China. He joined Goldman Sachs in Investment Banking Services as a managing director in 2010. Prior to joining Goldman Sachs, Dr. Ha was Chief Economist at China International Capital Corporation from 2004 to 2010. Before that, he was a senior economist at the International Monetary Fund from 1993 to 2004. He worked at the Hong Kong Monetary Authority within the IMF from 2001 to 2003 and served as the IMF resident representative to Indonesia from 1999 to 2001.

Prof. Yang Du

Yang Du is Professor and PhD Supervisor at Renmin Business School. He earned his PhD in Economics from Renmin University of China (RUC) and another PhD in Business Administration from Kobe University. He did his post-doctoral work in Management at RUC and has been teaching there since 1994. He served as Director of the Department of Business Management, Director of the Department of Theories of Management, and Director of the Department of Organization and Human Resources. His research studies the firm growing theory, knowledge management, corporate culture and enterprise ethics.

Prof. Wu Chunbo

Prof. Wu Chunbo is a leading expert at China Stone Management Consulting Group, and Professor and PhD supervisor at RUC. He also served as Dean of the Institute of Organization and Human Resources, School of Public Administration, RUC. He has published over 100 articles in journals at home and abroad and translated more than 10 foreign works. His representative works include Grasp the Future: The Planning of Modern Business Operation, Organization Design and Operation, A Course of Cases in Human Resource Management and Get out of Chaos. Prof. Wu provided design and consulting services of HR management for a dozen Chinses enterprises and organizations. As one of the drafters of the Huawei Basic Law, he has been serving as a senior corporate management advisor to Huawei since 1995.

Prof. Qin Hui

Qin Hui, a historian and economist, is Professor at the Chinese University of Hong Kong. Graduating from Lanzhou University in 1981, he is now a visiting research fellow at the Fairbank Center for Chinese Studies, Harvard University, a visiting scholar at the Harvard-Yenching Institute, Member of the Council of the China Economic History Society, and a special research fellow at the Unirule Institute of Economics. Prof. Qin used to teach history at the Department of Human and Social Sciences, Tsinghua University. His main research interests are economic history and Chinese agrarian history, with the representative work of Modernization Beyond Government and Enterprise: A Comparative Study on the History of Chinese and Western Public Welfare. 




Rewritten by Jiang Xiaomei, Edited by Li Yunzhen, Du Zhixin, Wei Yiyi