Horasis:The Global Visions Community Horasis China and business Asian business Asian business globalization systemic risk sustainability management consulting Asian trade globe visions leadership skills scenario-building World Economic Forum Frank-Jürgen Richter Frank-Jurgen Richter Frank-Juergen Richter Frank Richter
      Home Site Map Email
All press releases
China is becoming new engine of world economy: German entrepreneur
The Free Press Journal
India's Frank Friend
Inaugural Horasis Asia Meeting to bring CEOs together in Bangkok, scheduled for Nov 27-28
EU economy will suffer from terrorist attacks, but investment from China won’t stop
Premier assures stable yuan
There is a Need to Out-guess the Economy a Long Time into the Future
Collaborative approaches to sustainable growth
Enacting visions for a sustainable future
For investors, information on laws, regulations quite important
Frank-Jürgen Richter: Li's Davos speech gives a clear outline of China's future
Jaipur - Voices from CII
'Sanctions always hurt wrong person,' open dialogue needed
A German Expert’s Global Vision on China
Economic Reforms in China: which model of development?
China’s New Role in the Global Arena
Horasis Announces Global India Business Meeting 2014
Vision For The Future
Outbound express
Ras Al Khaimah to host global Arab Business Meeting in Dec
Chengdu ‘could be Silk Road hub’
Fruitful coalition
Old model of capitalism is ‘coming to an end’
We believe the profits to be genuine
We believe the profits to be genuine
Ray of hope for African FDI?
No PIIGS in Asia
Decoding the Euro Crisis
Where To, The Euro Zone?
Economic Outlook 2012
The Big Fall
Compromise is good for politics
The EU problem hurts China more than India
Even the Tatas are not full-fledged brands overseas: Richter
The European Crisis Is An Opportunity For India
Europe Has A Superiority Syndrome
India is no longer decoupled
Interview with CNBC
Global India Business Meeting
What's the world coming to?
Global Russia Business Meeting 2011
100 Global Leaders
Asean Affairs China in Spotlight
Emerging Markets to the Fore
Global India Business Meeting to take part in Madrid
Dialogue with Dr Mahathir
Global Arab Business Meeting
Patriarch Kirill
Trade Protectionism
Business Leaders of the Year
Spotlight on Macau
Global China Business Meeting
Tamil Nadu
India: Enthusiasm and Concern
Indian Business Leaders
Minister Anand Sharma
Emerging Markets Investors Roundtable
Bargains for China
Global China Business Meeting
Global India Business Meeting
Responsibility to the Future
To Brazil, to Gold
China Meeting 2008
China and Energy
Business Leader of the Year
China and Africa
Jean-Claude Trichet
Global Bailout
China Meeting
China-Europe Connector
Source Code China
China Meeting in Frankfurt
Meeting with José Socrates
Connecting China & Europe
IHT, 9/06
China Meeting in Geneva
High-Level Meeting
Dato' Sri Najib Tun Razak
Managing Global Challenges
Six Billion Minds
China's energy needs
China meeting in Geneva
From Local to Global
Global Outsourcing Report
Release of 'Global Future'
Media Industry's Future
China's Rise - Europe's Fall!
Jagdish Bhagwati, 8/05
Jagdish Bhagwati, 7/05
Dinner on Globalization
Honoring the Chinese Business Leaders of the Year 2009

by Thomas Gilles, Partner, Baker & McKenzie


The global economy has been in turmoil for much longer than most of us had hoped and anticipated. However, China has not been affected to the same degree as other major economies. In contrast, China has emerged as one of the driving factors of the global recovery. The truck-queues at all major ports in China are getting longer as we speak - a clear sign that exports are regaining momentum.

China's staying power and resilience, even during these difficult times, owes a lot to the tremendous entrepreneurial spirit of the business leaders driving its economic growth and development. A jury led by Baker & McKenzie and Horasis therefore took the opportunity at this fifth Global China Business Meeting to recognize and honor three business leaders who exemplify this entrepreneurial spirit.

Mr. Levin Zhu is the CEO of China International Capital Corp., CICC. CICC is China's leading investment bank. 14 years after its establishment, CICC continues to be the major player in the industry, mainly thanks to the efforts of Mr. Zhu.

Mr. Bruno Wu is the chairman of Redrock Capital Group Holdings and was Co-founder as well as former Chairman of Sun Media Investment Holdings. Mr. Wu is one of China's most influential media-persons and is spearheading China's internet boom.

Mr. Calvin Chin is the co-founder and CEO of Qifang, China's leading online student loan service. Qifang is a web-based platform for Chinese students in need for loans to fund their education. Qifang connects these students with individuals, companies and organizations that can support their educational aspirations. Mr. Chin represents a new generation of successful entrepreneurs in China.

CICC is currently consolidating a solid base for its goal to become a China-based international investment bank. Under Levin Zhu's leadership, CICC is transforming from a mere investment bank to adding research capabilities and becoming a major player in the bond market. Nowadays, voices say that 'no star is brighter than CICC'; 'it's hard for other Chinese investment houses to follow', and that CICC is 'the first port of call for Chinese and foreign corporates seeking first-rate advice on China's growing markets.' This is simply remarkable.

Sun Media is China's leading private media group, with investment interests in 20 media-related companies and a portfolio of assets that includes many media brands. Altogether, Sun Media reaches over 200 million consumers. After stepping down as Chairman of Sun Media, Bruno Wu founded Redrock Capital Group, sourcing spin-offs of state-owned enterprises, private company advisory and investment opportunities. He is now playing a major role in China's ongoing worldwide M&A activities.

Started merely two years ago, Qifang has already brokered more than 3,000 loans on its website. Qifang is considered to be technology pioneer offering technologies and business models that can advance the global economy. Qifang is a community of trust, built around supporting education – a rare find in today's business environment.

CICC has played an active role in reconstruction projects after the devastating earthquake in Sichuan. Thanks to CICC's commitment, numerous schools and hospitals were reconstructed. CICC's staff have been involved in numerous donation activities to help disaster-struck areas in China.

Bruno Wu has been using personal connections in the media and entertainment industry, domestic as well as abroad, to promote China's charity landscape. Together with his wife, Ms. Yang Lan, he has founded the Sun Culture foundation, a non-profit organization that aims to improve education and alleviate poverty throughout China and the National Children's Foundation, a non-profit organization helping children and orphans in earthquake regions. Indeed, Yang Lan and Bruno Wu have been listed oftentimes on the top 3 list for philanthropy in China.

Besides providing educational funds to university students, Calvin Chin has been providing a helping hand to students undertaking their first career steps: Qifang is cooperating with a broad network of companies to provide traineeship- and internship-opportunities for recent university graduates. In a job market that is getting harsher and harsher every year, this provides an outstanding opportunity for China's ambitious youth. Additionally, Qifang has morphed to include a conduit for donations and, currently, Qifang is partnering with the Clinton Global Initiative to help schoolgirls in rural parts of Sichuan province.

Having a scientific background, Levin Zhu first pursued your career in the world of natural sciences, then turning to investment banking. Since then, he has masterminded many of China's most influential IPO's and M&A projects, including advising Sinopec, China Telecom, China Netcom, PICC, Air China, China Construction Bank, ICBC and nearly every other major player in the region. It is safe to say that CICC, paired with Levin Zhu's personal involvement and commitment, has been one of the driving forces behind China's economic success in the last decade.

Bruno Wu encountered his, as he once called it, 'financial Waterloo', at the hands of a well-known Australian media tycoon, losing a quite large investment. But rather than giving up, he came up with a new 'five-year plan' and instead chose to conquer China's internet business. A very wise move, as we can say now, looking back. He was once quoted that he doesn't like to pay for his hobbies but rather get returns from them. That's why he invested in a Spanish winery, producing world-class Rioja.

Calvin Chin has chosen to walk off the beaten path, venturing into an area that is still largely unregulated, plastered with uncertainties and the need for an enormous pioneering initiative to succeed. Recent reports show that this path indeed was the right one. He once said that 'an innovator is really somebody who takes a look at the world and analyzes why things the way that they are, but entrepreneurs go further than that when they say: why can't the world be the way I see it or the way that I want it to be?'

Levin Zhu, Bruno Wu and Calvin Chin excel in leadership, innovation, global reach, and economic performance and thus truly deserve to be honored as Chinese Business Leaders of the Year 2010.


Horasis is a global visions community committed to enact visions for a sustainable future. (http://www.horasis.org)

For more information, please contact:
Communications and Public Affairs
Horasis. The Global Visions Community
phone: +41 79 305 3110
fax: +41 44 214 6502
e-mail: visions@horasis.org
Copyright © 2005 Horasis Web by Toronto Web Design