The issue of going global has always been a major "pain point" faced by the development of Chinese enterprises. Now that the country has clearly proposed the "One Belt, One Road" strategy, how to go global? How to ensure that your interests are maximized after going global? How to preserve overseas assets? A series of issues related to "going global" are once again faced by state-owned enterprises.

Recently, at a roundtable meeting on corporate internationalization and cross-border mergers and acquisitions in the context of the “Belt and Road Initiative” hosted by Xinhua News Agency Shanghai Branch, Shanghai Vice Mayor Tu Guangshao introduced that Shanghai will move in three directions in the future Promote the “Belt and Road” strategy.

First, encourage Shanghai enterprises to conduct internationalization and cross-border mergers and acquisitions. Tu Guangshao said that the person in charge of a construction company in Shanghai once told him that "going out" might be a good medicine when the real estate market is sluggish.

Second, Shanghai, especially the Shanghai Free Trade Zone, should build an important platform for corporate internationalization and cross-border mergers and acquisitions. “One Belt and One Road” will become a major opportunity for the construction of free trade zones in the next step. "The free trade zone supports companies to go global through the grafting of international conventions, and provides convenience and support for companies to go global." Tu Guangshao said that the future financial reform of the free trade zone, especially the negative list system and The formulation of cross-border investment and trade rules will help companies go global better.

Thirdly, Shanghai’s urban development provides necessary support for companies to go global. Shanghai Yangshan Port, which is under construction, will provide leading services in the country for the entire shipping industry. "In addition to improving port throughput and shipping service capabilities, we will also establish a supporting system, including the allocation of international resources. Whether it is ships, cargo, or shipping services, they will all play the role of a shipping center. " Tu Guangshao also specifically mentioned the construction of the Shanghai International Financial Center. He said that although the trading volume of the Shanghai and Shenzhen stock exchanges has surpassed that of the New York Stock Exchange, in fact, the degree of internationalization of the two cities is still not enough. "Especially in allocating international resources, there are currently no specific products and tools, including the opening of the system. We have made some preliminary attempts in the free trade zone." He said, below The further construction of Shanghai as an international financial center will seize internationalization, especially the internationalization of the RMB, to support enterprises to use the "Belt and Road" strategy to go global.

Tu Guangshao revealed that Shanghai has formed a preliminary plan with the support of relevant national departments on how to link up the construction of Shanghai's international financial center and the pilot construction of financial reform in the free trade zone. p>

In the long term, the introduction of the plan will greatly enhance Shanghai’s international functions, especially in terms of opening up capital projects and opening up the financial market system, which will greatly coordinate the pace of international operations of enterprises. ”

However, regarding the issue of “going global”, China UnionPay President Shi Wenchao is not optimistic. He said that the "One Belt and One Road" initiative is a gust of east wind, but whether companies can go abroad and whether they can "live well" outside requires at least three aspects of the problem to be considered clearly. It will lower the value of Chinese companies.

The first issue is trust. Do other governments trust Chinese companies? Shi Wenchao gave two examples.

At a Snow Mountain Economic Summit held in Turkey, Shi Wenchao was invited as a keynote speaker to talk about the "One Belt, One Road" and the future development of the Chinese and Turkish economies. A Turkish professor in the audience raised questions about this. "He

thinks that our 'One Belt, One Road' initiative just wants to sell things, especially surplus ones, to Turkey; the role of China UnionPay is to improve Turkey's payment environment and allow Turkish people to better buy Chinese products." Shi Wenchao said.

Not long ago, China UnionPay has just reached a preliminary agreement with a number of banks in Thailand. The Thai side plans to establish a small UnionPay system in Thailand in accordance with China's credit card payment standards. "This project is going very smoothly, and China and Thailand are one family." Shi Wenchao said that it is particularly important for Chinese companies to follow the current layout of the "Belt and Road" and gain the trust of other countries on this route. , this is related to how to protect the interests of Chinese companies overseas.

The second question is, what value and benefits can Chinese enterprises bring to cooperative enterprises after going global.

Not long ago, when Shi Wenchao was discussing business with local payment networks and financial institutions in Portugal and Morocco, the most frequently asked question was, "What can you bring?"

Shi Wenchao said that China When companies go abroad, they love to "coax" the most. "To make money by running gas stations, if all the companies in China open gas stations, even if they are valuable things, they will become meaningless." Currently, there are about 270 No. 1 gas stations in China. Third-party payment institutions, these payment institutions also do the business of banks, insurance funds, and UnionPay, but very few of these institutions have “go global”.

"In China, it is always said that Alipay and China UnionPay are fighting, but this is not the case. When Alipay develops its business overseas, we are willing to put in good words for it." Shi Wenchao said that there is a *** relationship with China UnionPay There are currently not many independent companies, so China UnionPay has encountered relatively few problems. But many Chinese companies have a large number of people as soon as they “go global”. "If a company does a good job abroad with a business model, many people will follow and learn from it, but in the end

it will make you worthless."

One of the principles of China UnionPay is, Let the partners who work with us make money in the short term and generate value in the long term. "We usually establish joint ventures with overseas institutions, and there is a verbal agreement - as long as the market becomes bigger, and the business lasts for 5 to 8 years, the shares will be transferred to the company for free. You."

Shi Wenchao said that "going global" under the "One Belt, One Road" strategy must not try to directly graft the Chinese model. "It must be integrated with the local area and localized business. This is The most important foundation for survival and sustainable development. ”