HKBU School of Business' MBA Students Start Yangtze River Delta Business Tour
SHANGHAI, July 26, 2013
SHANGHAI, July 26, 2013 /PRNewswire/ -- In line with Hong Kong Baptist
University (HKBU) School of Business' emphasis on field trips and acquisition
of knowledge which allow students to get an insight into an area's local
business environment and operation, the students in HKBU School of Business'
MBA Eastern China 8th Program started their business tour in the Yangtze River
Delta region in Eastern China with a trip to Shaoxing on July 12-13.
Shaoxing is one of the major 16 cities along Yangtze River Delta and is
located in a region with one of the country's most dynamic private economies.
Shaoxing ranked in Forbes' "Top 10 Commercial Cities in China" list and has
been named as one of "Chinese Golden Cities in Terms of Investment
Environment." It is the fourth largest city in Zhejiang province in terms of
GDP. The 14 billion yuan (approx. US$2.2 billion) Jiaxing-Shaoxing
River-Crossing Bridge, which opened in the middle of July 2013, is the world's
longest and widest multi-tower cable-stayed bridge. The bridge shortens the
drive between Shaoxing and Shanghai from 3 hours to 1.5 hours, moving Shaoxing
to inside the 1.5-Hour Economic Circle of Shanghai as well as reducing the
distance across Hangzhou Bay. Shaoxing's strategic location and vibrant
private economy will help students learn more about its important role in
boosting the development of the industrial zone around the Hangzhou Bay,
enhancing regional competitiveness and improving the area's industrial
(Photo: http://photos.prnewswire.com/prnh/20130726/CN51458 )
Students of HKBU School of Business' MBA Eastern China 8th Program paid a
visit to Shaoxing's key zones for development including Shaoxing Hi-Tech
Industrial Development Zone and Binhai New Area and well-known local companies
including Shimao Property and Shaoxing Tourism Group. They had informative
chats with representatives from the Shaoxing Municipal Commerce Bureau, China
Council for the Promotion of International Trade (CCPIT), Shaoxing
Sub-Council, the Administrative Committee of Shaoxing Hi-Tech Industrial
Development Zone, the Investment Promotion Bureau of Binhai New Area and
Shaoxing Tourism Investment Co., Ltd. The students themselves are, for the
most part, from several well-known companies including Anheuser Busch InBev
China, Henkel (China) Investment, Stryker (Beijing) Healthcare Products, PR
Newswire, Coeur INC, Qingdao Bater Chemical, Shanghai Gaodong Enterprise
Group, Delphi Packard Electric Systems, AIGI Industrial Group of Companies,
ACO Drainage Technology and Xuzhou Sanyuan Electric M&C Technology.
During the field trip, the Administrative Committee of Shaoxing Hi-Tech
Industrial Development Zone made specific mention of emerging strategic
industries to which the local government gave or will give strong support in
terms of either policies or funding, including high-tech equipment, new
materials, biomedicine, energy saving and environmental protection, new
energies and electronic information.
Feng Xing, Deputy Director at the Investment Promotion Bureau of the Binhai
New Area briefed the students on the area's investment plans, which included
an explanation of the strategic advantages of the new area in terms of
investment policies, key resources, channel building and cost structure among
other aspects. He also described a series of improvements in business
processes and procedures since the reform of environment protection and
government affairs was put in place, including implementation of the "full
authorization, closed operation" administrative approval system, streamlining
of procedures and formalities inside the new area. As for strategic emerging
industry projects, the local government is providing 100% of the necessary
financial support during the first three years and 50% during the second three
years. Moreover, the government has set up a 300 million yuan industrial fund
for equity or follow-up investment in the projects.
Wang Kai, president of the China Council for the Promotion of International
Trade, Shaoxing Branch said: "The field trip to Shaoxing undertaken by the
students of HKBU Eastern China 8th Program can be expanded into long-term
business research activities in the future. CCPIT is very glad to share the
investment information and new development opportunities in Shaoxing with the
university students and people from various business circles."
SOURCE Hong Kong Baptist University MBA Eastern China 8th Program
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