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Chronicle of Events

BFA Chronicle in 2012

Time:2014-03-13 22:01:55    Views:699758    Origin:Boao Forum for Asia

On January 5, 2012, BFA Secretariat held in Beijing a press conference. BFA Secretary General Zhou Wenzhong announced that the BFA 2012 Annual Meeting, with a theme of “Asia Changing the World: Heading for Healthy and Sustainable Development,” would be held in Boao, Hainan, China from April 1 to 3, 2012. During the three-day meeting, the delegates would hold discussion through three main lines by centering on the theme: 1. Root cause for the uncertainty in the world economy; 2. Reform and transformation; 3. Innovation and sustainable development of Asia.

According to Zhou Wenzhong, BFA has confirmed the following sponsors for its 2012 Annual Meeting: diamond sponsors such as Volvo Group, FMG Group, and Moutai Group; platinum sponsors such as Saudi Basic Industries Corporation, Evonik, Tata Group, Shanghai GM, and Tencent.com; gold medal sponsors such as Deloitte, Chinese Environmental Energy Holdings Limited, Giessen Vantage Capitals Ltd, and Mengniu Group; supporting sponsors such as Asian Culture Media, Jinli Company, Lenovo Group, Great Wall Winery, Commonwealth Bank of Australia, and Finance Magazine. Zhou expressed sincere gratitude to the aforesaid enterprises for their constant support to BFA.

Zhou said that so far, the confirmed media partners included CCTV Business Channel, Phoenix Satellite TV, China daily, First Financial, China Pictorial, Outlook Weekly, Guiyang Daily, VIVA Wireless New Media, BBC, CNBC, Bloomberg, Wall Street journal, and Finance Asia Magazine.

On January 5, 2012, BFA held at the Park Hyatt Beijing Hotel a spring festival reception to thank friends from all walks of life who have long been caring about and supporting the development of BFA. Zeng Peiyan, BFA Vice Chairman and former Vice Premier of China, attended the reception. Secretary General Zhou Wenzhong gave a speech at the reception. Over 200 Chinese officials, representatives from Chinese and overseas business circles, academic personages, media representatives, representatives of foreign diplomats to China, and other long-term cooperation partners of BFA attended the reception.

From January 18 to 21, 2012, Secretary General Zhou Wenzhong visited Japan at the invitation of Mitsubishi, a director unit of BFA. During the visit, Zhou Wenzhong and BFA Chairman Yasuo Fukuda exchanged ideas about the preparations for the BFA 2012 Annual Meeting. Then, he called on the chiefs of some famous Japanese enterprises and Japanese economic groups and associations, including Nomura Securities, Panasonic, Mitsui, Toshiba, Toyota, and Takeda Pharmaceuticals. Zhou Wenzhong attended three receptions held by Chairman Yasuo Fukuda and Jiang Xiaosong, Member of the Consultation Committee of BFA, and had in-depth exchange with some economic personages of Japan.

On March 21, 2012, BFA Secretary General Zhou Wenzhong held in Beijing a press conference, announcing the official publication of three annual reports of BFA in 2012. These reports were the 2012 Report on Economic Integration of Asia, 2012 Report on the Development of Emerging Economies, and 2012 Report on Competitiveness of Asian Economies.

Zhou said that the BFA Secretariat had sent the 2012 Annual Meeting invitations to leaders of several countries, including the host country China, Kazakhstan, Italy, Pakistan, Iran, Thailand, and Vietnam. Some leaders would not only attend the opening ceremony, but also take part in discussions at sub-forums. It was estimated that over 2,000 Chinese and foreign delegates and media workers would attend the 2012 Annual Meeting, including over 40 ministerial officials and nearly ten chiefs of international organizations. A large number of world-famous economic experts, scholars, and entrepreneurs would also come. Delegates from Europe, America, and emerging economies were active in attending the meeting. There would be an ASEAN sub-meeting during the Annual Meeting.

On the afternoon of March 31, 2012, Vice Premier of China Li Keqiang met in Boao, Hainan with BFA Council members and Consultation Committee members who came to attend the BFA 2012 Annual Meeting. Li Keqiang congratulated BFA on its smooth work and the growing of its international influence and fame. He said that the 2012 Annual Meeting would focus on the theme of Asia changing the world and seeking healthy and sustainable development. By pooling ideas and reaching consensus, the meeting would promote the joint development of Asia and the cooperation between Asia and other regions of the world.

Li Keqiang hoped that the forum study the major and urgent issues confronting Asia and emerging economies, have extensive exchange, and offer more well-oriented “Boao opinions” and “Boao plans.” As the host country, China is willing to work with all other parties to keep on offering support and help to the development of BFA.

BFA Council members and Consultation Committee members said that Asia became more and more important in the world. They were willing to work hard to soundly run the forum, further extend its influence, pool wisdom of all parties, and make greater contribution to the development of Asia and the world.

On the afternoon of March 31, 2012, BFA held a Council meeting. Yasuo Fukuda, BFA Chairman and former Prime Minister of Japan, presided over the meeting. A total of 14 directors and director representatives attended the meeting, including Zeng Peiyan, Vice Chairman of BFA, Badawi, former Prime Minister of Malaysia, Goh Chok Tong, Honorary Senior Minister of Singapore, Raffarin, former Prime Minister of France, and Paulson, former Financial Minister of the US.

Secretary General Zhou Wenzhong reported the preparations for the 2012 Annual Meeting, work of the Secretariat in 2011, and the plan for 2012. The Council appreciated and approved the performance of the Secretariat in internal construction, member service, academic study, and influence expansion in the past year, and ratified the BFA Work Plan for 2012. In 2012, the Forum planned to hold an exchange meeting for Chinese and Japanese entrepreneurs in Japan, an Asian Financial Meeting in India, and an Asia-Europe-US Trilateral Dialog Meeting in Qingdao City of Shandong Province.

After the Council meeting, the BFA General Assembly was held, which discussed and passed the report by the Secretary General and the Council’s resolution.

On March 31, 2012, the BFA Council passed a resolution as follows:

The 2010 Council Meeting and General Assembly passed the new Statutes of BFA. When the Secretariat registers the Statutes at the Ministry of Civil Affairs of the host country, the Ministry suggests the following revisions:

 (I) Article 16 in Chapter 4 of the Statutes on quorum for a general assembly and voting says: “The quorum for a general assembly is one third of all ordiniary members.” The relevant laws and regulations of the host country specify that the quorum should be two thirds. It is suggested that “one third” be revised into “two thirds.”

 (II) Article 26 in Chapter 4 of the Statutes says: “Secretary General is the CEO of the Forum and leads the Secretariat.” The Ministry of Civil Affairs requires the addition of the provision on legal representative. Based on the reality of the Forum, it is suggested that the Article be revised into “Secretary General is the legal representative and CEO of the Forum and leads the Secretariat.”

 (III) Article 34 in Chapter 6 of the Statutes says: “The amendment to the Statutes shall come into force after being passed by a general assembly.” This article shall be revised into “The amendment to the Statutes shall come into force after being passed by a general assembly and ratified by the registration authority.”

 (IV) It is suggested that the wording, “come into force,” in Article 39, Chapter 8 of the Statutes be revised into “be passed,” and the wording “come into force” in the sentence “The Statutes are passed and come into force at the Forum General Assembly held in Boao, Hainan Province, the People’s Republic of China on April 8, 2010” be deleted.

 (V) Under Article 15 of the Statutes, which is on “general assembly”, Item 4, “a resolution of a general assembly shall be passed by a simple majority of all the ordinary members attending the meeting,” shall be revised into “a resolution of a general assembly shall be passed by more than half of all the ordinary members attending the meeting.”

The BFA Council agrees to revise BFA Statutes in accordance with the advices of the Ministry of Civil Affairs of the host country.

In addition, the BFA Council also passed a resolution to approve the resignation of Michael Tesku from the director post and invite him to serve as a member of BFA Consultation Committee, and approve the appointment of Leif Johansson, Chairman of the Board of Ericsson, and Cathelin, Chairman of Russian Chamber of Industry and Commerce, as directors.

On March 31, 2012, during the BFA general assembly, Secretary General Zhou Wenzhong announced that Boao Review, a high-end economic review magazine cosponsored by BFA and the Guiyang Daily Media Group, was officially launched.

Boao Review is a high-end economic review magazine facing the Asian-Pacific Region and the relevant economies in it. Based in Asia, it will lay stress on BFA’s intellectual resources, make efficient use of them, and share ideas and record changes from an international perspective. Boao Review will mainly focus on topics and sectors such as world economy, science and technology, environment, education, and culture. It aims to promote the “value and strength of ideas” --- producing valuable ideas to influence decision makers in political and business circles and working hard to become an important media platform promoting the reform and progress of Asia.

Mr. Yasuo Fukuda, BFA Chairman, and Mr. Zeng Peiyan, BFA Vice Chairman, act as co-presidents of the magazine’s consultation committee. BFA Secretary General Zhou Wenzhong acts as Chairman of the Board of the magazine.

At the dinner party for welcoming BFA members and sponsors held on the evening of March 31, Zhou Wenzhong said that the magazine would be officially published in the whole world as of May 2012 in English and Chinese versions.

On March 31, 2012, the People’s Daily published a written interview with BFA Secretary General Zhou Wenzhong on the BFA 2012 Annual Meeting.

From April 1 to 3, 2012, the 11th BFA Annual Meeting, with a theme of “Asia Changing the World: Heading for Healthy and Sustainable Development,” was held in Boao. Vice Premier of China Li Keqiang attended the opening ceremony and gave the keynote speech entitled “Consolidating Consensus --- Promoting the Healthy and Sustainable Development of Asia.” BFA Chairman Yasuo Fukuda gave a welcoming speech on behalf of the organizer. Mario Monti, Prime Minister of Italian Republic, Karim Masimov, Prime Minister of Kazakhstan Republic, and Yousuf Raza Gillani, Prime Minister of Islamic Republic of Pakistan separately gave a keynote speech. Mohamed Jawad Mohammadi Zadeh, Vice President of Islamic Republic of Iran, Kittiratt Na-Ranong, Vice Prime Minister of Thailand, and Hoang Trung Hai, Vice Prime Minister of Vietnam, attended the opening ceremony. BFA Secretary General Zhou Wenzhong presided over the opening ceremony. Over 2,000 guests and delegates from 39 countries and regions actively took part in various activities.

On April 4, 2012, the People’s Daily International Edition published the interviews with BFA Secretary General Zhou Wenzhong and some guests attending the BFA 2012 Annual Meeting.

On the afternoon of May 8, 2012, BFA Vice Chairman Zeng Peiyan met in Beijing with BFA Chairman Yasuo Fukuda, who came to China to attend the International Action Council of Former Heads of Government. The two sides exchanged ideas about the future work and the “BFA Exchange Meeting for Chinese and Japanese Entrepreneurs” to be held in Yokohama in July. BFA Secretary General Zhou Wenzhong was present at the meeting.

On May 12, 2012, Secretary General Zhou Wenzhong met at the Grand Hotel Beijing with Han Duck-soo, President of South Korea Trade Association, a diamond member of BFA. Secretary General Zhou introduced to Han Duck-soo BFA’s future development direction and forum activities to be held in the second half of the year, and warmly invited Han to attend these activities. President Han happily accepted the invitation and promised more active participation in BFA activities in future. The two sides also exchanged ideas on some hot regional economic and diplomatic issues of common concern.

On May 14, 2012, Secretary General Zhou Wenzhong met at the BFA Secretariat with Ambassador Shen Fengji, Secretary General of the Trilateral Cooperation Secretariat (TCS), and his company. Secretary General Zhou introduced the basic conditions of BFA and its recent major activity plan. He invited Secretary General Shen to attend the Asia Financial Cooperation Meeting to be held in India in November. Shen happily accepted the invitation. Secretary General Shen then introduced the basic conditions of TCS and congratulated BFA on its success. Shen said that TCS would actively help BFA extend its influence in South Korea. He suggested that both sides carry out active discussion about their cooperation in future.

On June 26, 2012, at the invitation of the US-China Business Council, BFA held at the Grand Hyatt Beijing the third dialog between Chinese and American entrepreneurs. BFA Secretary General Zhou Wenzhong and Robert A.McDonald, Chairman of the Board of US-China Business Council, jointly presided over the dialog.

Nearly 20 chairmen of the board and CEOs of some famous Chinese and American enterprises from various trades were invited to attend the dialog. The entrepreneurs had extensive and constructive discussion on a number of issues, including economic prospects of China and the US, changes in investment environments of China and the US, promotion of the elimination of investment barriers, US presidential election, trade admission for Chinese private capital, and reform of state-owned enterprises. Entrepreneurs from both countries agreed that such small-scale and high-level close-door dialog was highly representative and covered many fields of China-US economic and trade relations; in addition, it could directly target the major and outstanding issues related to bilateral trade and investment due to its frank and in-depth analysis and substantial and prospective discussion.

Other guests attending the dialog included Chinese entrepreneurs such as Li Jiange, Chairman of the Board of China International Capital Corporation Limited, Gao Xiqing, General Manager of China Investment Corporation, Fu Chengyu, Chairman of the Board of China Petrochemical Corporation, Xiao Gang, Chairman of the Board of Bank of China, Xiong Weiping, Chairman of the Board of Aluminum Corporation of China, Liu Chuanzhi, Chairman of the Board of Legend Holdings and Founder / Honorary Chairman of the Board of Lenovo, Fan Wei, Co-president of Fosun Group, and Sun Yiping, President of Mengniu Dairy (Group) Co. Ltd., and American entrepreneurs such as Robert A.McDonald, Chairman of the Board of US-China Business Council and Chairman of the Board of P&G, John Frisbie, Head of US-China Business Council, Biglari, Vice Chairman of Citibank, Dan J • Pluto, President of UPS International Corporation, Mark C. Rohr, President of Celanese Corporation, Jes Staley, CEO of Investment Bank Division of JP Morgan Chase, Patricia Woertz, CEO of Archer Daniels Midland Company, and Wu Renwei, Global Chairman of Johnson Company Consumer Products Group.

On June 27, 2012, BFA held at the Beijing Kerry Hotel a reception for celebrating the inauguration of the Boao Review magazine.

BFA Secretary General Zhou Wenzhong celebrated the inauguration of Boao Review. He hopes that the magazine will carry forward Asia spirit, speak out Asian ideas, and explore a development path suitable for Asia with a rational and authoritative voice. He also hopes that Boao Review can promote economic improvement in the whole world, inspire thinking, consolidate consensus, and promote the cooperation, win-win results, and development among the economies in Asia and the whole world.

The only official publication of BFA, Boao Review will be published quarterly in the whole world in Chinese and English versions as of July 2012.

From July 5 to 6, 2012, at the invitation of Yasuo Fukuda, BFA Chairman and former Prime Minister of Japan, the BFA Exchange Meeting for Chinese and Japanese Entrepreneurs was held at the Japan Yokohama Intercontinental Hotel. Zeng Peiyan, BFA Vice Chairman and former Vice Premier of China, led a Chinese Entrepreneur Delegation to attend the meeting and gave a speech. The meeting involved nearly 60 entrepreneurs from China and Japan.

Centering on the theme of “Promoting the Transformation and Upgrading of China-Japan Economic and Trade Relations in New Situation,” the Chinese and Japanese entrepreneurs had in-depth discussion and exchanged ideas on four topics, namely “Status Quo and Prospect of China-Japan Trade and Investment Relations,” “Economic Integration in Asia and the Role of Chinese and Japanese Entrepreneurs,” “Resources, Energy, and Innovation Cooperation between China and Japan,” and “Enterprise Merger --- A Choice for Win-win Results.” The meeting reached consensus in the following four points:

First, all the entrepreneurs emphasize that Chinese and Japanese entrepreneurs should continue acting as the bridge and link for the China-Japan friendship. Chinese and Japanese business circles are responsible for building a peaceful, friendly, and reciprocal cooperation relationship for the coming generations.

Second, as the global economy still lacks power to grow and there are more and more uncertainties, China and Japan as the second and third largest economies in the world should work hard to strengthen reciprocal cooperation, integrate their advantages, further expand bilateral trade and investment, and further develop all-inclusive economic cooperation. This is not only good for enterprises of both countries to overcome temporary difficulties, but also has great significance in stabilizing the regional and global economies.

Third, all entrepreneurs believe that China and Japan should carry out substantial cooperation in some important fields as soon as possible. In fact, there is still a lot of room for development and improvement even in the fields the two sides have been cooperating well for years. The entrepreneurs sort out five major fields for greater cooperation:

The first is to expand China-Japan cooperation in modern service sectors such as finance, insurance, and securities. The two countries should seize the opportunity of direct trade of Chinese and Japanese currencies to promote their cooperation in investment, trade, and capital market. Greater cooperation in finance between China and Japan is good for diversifying their reserve currencies, promoting financial cooperation in East Asia, and forming a balanced international currency system.

The second is to make joint efforts to develop green economy. China and Japan are both big energy consumers and they should carry out overall cooperation in energy conservation, emission reduction, environmental protection, development and popularization of new-energy automobiles, and pursuit of higher energy utilization efficiency.

The third is to strengthen cooperation between the governments and business circles of the two countries. Big energy importers faced with severe challenge in energy supply, China and Japan should work together to safeguard energy supply safety and market fairness and change the unfair “Asian Premium” in international energy market.

The fourth is to give play to Japan’s advantage in scientific and technological development and China’s advantage in infrastructure facilities and human resources, and further strengthen and deepen their cooperation in integration of high-end manufacturing sector.

The fifth is to strengthen their cooperation in coping with earthquake and other natural disasters. Countries suffering frequent natural disasters, China and Japan should share technologies and experience in disaster prevention and relief at governmental, private, market, and technological levels.

Fourth, the Chinese and Japanese entrepreneurs also point out that with transnational industry chain already being seen all over the world and global industrial structure reorganization still going strong, it already lags behind time to lay stress only on bilateral trade balance and bilateral economic and trade cooperation. The entrepreneurs of both countries emphasize the consideration of China-Japan economic and trade cooperation within a bigger regional and trans-regional framework. In this regard, the two countries should on the one hand actively promote the China-Japan bilateral FTA negotiation, and on the other hand, lead the trade and investment liberalization processes such as the China-Japan-South Korea FTA, “10+3,” “10+6,”, and even FTAAP, and promote Asia’s further prosperity and development.

The Exchange Meeting for Chinese and Japanese entrepreneurs was the first of its kind held in Japan. BFA will, by following its principle of promoting regional cooperation in the region, offer platform for countries inside and outside the region to strengthen bilateral cooperation.

On July 13, 2012, Secretary General Zhou met in Beijing with Paulson, BFA Director and former Financial Minister of the US, and Deborah Lehr, Chief of the Paulson Center and former Chief Consultant on Chinese Affairs for the Minister of Finance of the US. The two sides exchanged ideas about the work of BFA for the coming phase.

On November 1, 2012, BFA Secretary General Zhou Wenzhong paid an official call on HRH El Hassan bin Talal, Prince of Jordan and Chairman of WANA Forum, who was in China for a visit. Secretary General Zhou introduced to the Prince the basic conditions of BFA and its major recent activity plans. He invited the Prince to attend the relevant activities of BFA and requested the Prince to help urge all circles of Western Asia to pay greater attention to BFA and get more involved in BFA activities. Prince Hassan introduced the basic conditions of the WANA Forum and promised to actively help BFA extend its influence in Western Asia. The Prince suggested that both forums hold active talks about future cooperation.

From November 26 to 27, 2012, at the invitation of FICCI and upon the approval by the BFA Council, BFA and FICCI cosponsored in Bombay, India an Asia Financial Cooperation Meeting, which had a theme of “An Open Asia, Open Finance.”

Over 500 governmental officials from the banking, insurance, and financial circles of Asia and leaders of supervisory organizations and enterprises attended the meeting. They discussed how to achieve Asia-style balance featuring innovation, opening, and supervision. The delegates had in-depth discussion and exchanged ideas on the global economic situation, transformation of Asia, interconnection and infrastructure financing, currency exchange and exchange rate coordination mechanism, construction of free trade zone and economic integration of Asia, dialogs in energy, resources, and finance, and cooperation among Asian financial organizations.

The first international meeting held by BFA in India, this financial meeting focused on cooperation. Both the Asian Financial Crisis in 1997 and the global financial crisis in 2008 accentuated the necessity and urgency of cooperation. The world places great hope on Asia. Asia should make greater contribution to the world by carrying out close coordination and cooperation.

From November 28 to 30, 2012, BFA Vice Chairman Zeng Peiyan visited Bangladesh after attending the BFA Asia Financial Cooperation Meeting. During the visit, Vice Chairman Zeng met with several political leaders of Bangladesh, including Hasina, Prime Minister, Faruq, Information and Telecommunication Technology Minister, and Hussein, Chief Representative of Bangladesh to BFA, and held talks with some leaders of the industrial and commercial circles of Bangladesh. Vice Chairman Zeng and Secretary General Zhou Wenzhong introduced BFA developments in recent years and the freshly-closed Asia Financial Cooperation Meeting. They expressed gratitude to Bangladesh, one of the sponsor nations of the forum, for its long-term support to BFA, and welcomed more personages from the political, business, and academic circles of Bangladesh to take part in BFA activities. Prime Minister Hasina and other personages from all circles of Bangladesh congratulated BFA on its achievements. They spoke highly of BFA’s contribution to promoting regional cooperation in Asia. They promised continuous support to BFA’s development in future.

At the invitation of Prime Minister Hasina, Chairman Zeng and his company paid a visit to the Congress of Bangladesh and were warmly welcomed by Bangladesh congressmen. Hussein, Chief Representative of Bangladesh to BFA, participated in the visit activities and offered assistance.

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