Alan Yang, Director of Holding Redlich’s China Practice was invited to participate in the 2015 Yangtze River International Forum Summit held in Lianyungang, Jiangsu Province of China on 22 September 2015. With the sponsor of Jiangsu Association for Friendship and International Exchanges (JAFIE) as well as Lianyungang Municipal Government, the summit features on the ‘One Belt One Road (OBOR)’ initiative and Development of Jiangsu.Alan Yang@ 2015 Yangtze River International Forum SummitAlan Yang at the panel discussion: Outbound Investment and Risk Management The OBOR initiative, formulated by Chinese President Xi Jinping in early 2015, has indicated a new channel for the further development of Chinese economy, and also create positive environment for the Chinese entrepreneurs to make outbound investment. ‘One Belt One Road’ refers to the ‘Silk Road Economic Belt’ and the ‘21st Century Maritime Silk Road’. Jiangsu lies on the conjunction of the ‘One Belt’ and ‘One Road’, and Lianyungang is the eastern terminus of the New Eurasian Land Bridge and Economic Cooperation Corridor, hence has a prominent geographic advantage. Therefore, it is very meaningful of the selection of this city to be the venue of this summit which brought together around 300 decision-makers from government entities, business leaders, think tanks and entrepreneurs, along with professional service organisations and domestic as well as international media. The summit commenced at 8am on the day of 22 September 2015. The opening remarks were made by Mr. Zhou Tienong, Former Vice Chairman of the 11th National People’s Congress of the People’s Republic of China, Mr. Lin Xiangguo, President of JAFIE and Former Deputy Director of Jiangsu Provincial People’s Congress, as well as Mr. Zhao Xiaojiang, Mayor of Lianyungang. It was followed by the keynote speech by Mr. Temirbek Sultanbaev, Deputy Secretary-General of the Shanghai Cooperation Organization, themed at ‘OBOR initiative and regional development opportunities, the speech of ‘OBOR initiative and echoes from international community’ by Mr. Zhao Quansheng, Chair of Asian Studies Program Research Council of American University, and then the speech by Mr. Wu Shichun, President of the National Institute for South China Sea Studies. Some more speeches about OBOR topic in the following time include ‘promote the enterprises’ outbound investment’ by Dr. Lu Qingcheng, Vice President of China-Africa Development Fund, ‘link to OBOR initiative and Jiangsu’s position’ by Professor Pang Zhongyin, Trustee of JAFIE, and ‘China’s choice under OBOR’ by Mr. Zhu Feng who is also the Trustee of JAFIE. Mr. Zhu also shared the successful examples of how enterprises from Jiangsu Province ‘go out’ to make overseas investment, which has been very inspiring for the attendees. The main contents for the afternoon forum was dialogue and panel discussion. First, Mr. Drago Napotik, who is the Acting Consul-General of the Consulate of the Republic of Slovenia in Shanghai, introduced the geographic and economic situation of Slovenia and call upon the investments from Chinese enterprises. Then Mr. Myintsoe from Ministry of Commerce, the Republic of the Union of Myanmar talked about the positive impact of the ‘Maritime Silk Road’ to Myanmar. Last but not the least, Mr. Kyraubayev Zhoshekhan, Consul-General of the Republic of Kazakstan in Shanghai, described the meaningful and long-lasting influences that OBOR will have to their country. There were three panel discussions following all the above speeches. The first discussion was about experience and best practice sharing from Jiangsu Enterprises’ outbound investment. During the experience sharing, the director of International Investment, Department of Commerce of Jiangsu Province introduced Jiangsu’s outbound investment under OBOR initiative; the General Manager of Zhongfulianzhong Composites Group, Mr. Qiao Guanghui, spoke about the experience in cross border M&A and problem resolution; the Director of International Development of Jiangsu Xugong Group and the Director of Hodo Group’s Sihanoukville Special Economic Zone Industrial Park both illustrated on their experience and obstacles encountered in the process of making outbound investment, which has been very educational for the summit attendees. Jason Che, the Vice President of Jiangsu Bar Association, has commented the above speeches with particular emphasis on the necessity of obtaining professional services from a lawyer for ‘going out’, as well as giving attention to the host country’s legal protection measures to the aspects of trade and investment.The next panel discussion is about financing for outbound investment. Mr. Xu Xiaoqiang, Vice President of Bank of China Jiangsu Branch, talked about the supportive financial services and correspondent products for the Chinese enterprises to invest overseas; Mr. Chen Huaqing, Assistant General Manager of Sinosure Jiangsu, introduced how the insurance products can service the outbound investment; Mr. Wang Xuguo, Vice President of China Import and Export Bank Jiangsu, as well as Mr. Zhou Ming, Senior Vice President of Citi Group introduced how their institutions can support outbound investment in terms of providing financial measures and services. Last but not the least, there was the panel discussion about ‘outbound investment and risk management’. Mr. Alan Yang, Director of China Practice Group of Holding Redlich, talked about how their law firm assisted Chinese enterprises to conduct trade and investment in Australia, especially in the aspect of legal due diligence and risk control, He shared some of their cases, including advising on Shanghai Zhongfu Group’s successful bid to acquire agricultural land in the Ord River in Western Australia, advising New Hope Corporation on its acquisition of major pastoral company in Queensland, and advising on China Capital Investment Group’s acquisition of an Australian tourist resort island; Mr. Lu Jun, Partner of Corporate Finance of PwC, introduced their professional accounting and auditing services for overseas investment, with one of the example being the Australian farm acquisition project that they conducted for the clients in cooperation with Holding Redlich; Mr. Liu Jianguo, General Manager for Business Development of China-Africa Development Fund spoke about their experience of assisting with Chinese enterprises’ investment and development in Africa and the associated risk management; Finally Mr. Robin Gu, Marketing and Communication Director of Zurich Insurance Group, introduced how insurance products can function as risk control methods. This international forum summit with OBOR as the theme has achieve a good reputation and impact among China and some overseas countries, which has been reported by domestic and foreign media. It also plays an important role in promoting and facilitating the ‘stepping out processes’ for the enterprises in Jiangsu. DisclaimerThe information in this Article is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this article is accurate at the date it is received or that it will continue to be accurate in the future. 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