Learn To Manage "Second Fortune China"

Last weekend, Shanghai Lujiazui forum broke out "China 4 trillion" Overseas assets The news that there is a potential safety hazard has aroused widespread concern. Actually, 4 trillion yuan. RMB Only China's central enterprises' overseas assets, if combined with larger bonds, private assets and expatriates. property The Chinese assets floating abroad can almost constitute "second wealth China", which will be an asset to China's future assets. supervise The protection of overseas interests and even the whole nation's outlook will bring about new influences and challenges.

20 years ago, China's external Investment It's only 20 billion yuan. Now, some well-known experts estimate that China's overseas assets are about 20 trillion yuan, about half of China's gross domestic product (GDP) in 2010. With this geometric growth rate doubled, overseas assets close to or even exceed GDP, I am afraid it is a big trend. At least, there are clear signs that China's foreign investment will exceed foreign direct investment in China in the next few years, and China will soon become a net capital exporter.

China's capital heading for the world must be the most eye-catching story in the miracle of China's rise. The rise of China tends to suffer from "growth faster than the brain" syndrome, and overseas expansion of Chinese capital is no exception.

Such a rapid capital going out is no doubt amazing. The biggest feature of Chinese capital that goes out is that it comes mainly from state-owned institutions and enterprises. No country in the world has the experience of managing such huge overseas state assets.

To protect overseas assets, we must first have strict management. So far, China's total overseas assets may still be a confusing account. Neither an institution has made precise investigations, statistics and published detailed data, nor has it formed a system of supervision and audit of overseas assets, especially those of overseas state-owned assets.

In the past, our concept is that the state is the people, wealth and property in the national boundary. Now the concept of the state has already crossed the border. How to manage state assets is beyond the traditional category of sovereignty, nor is it the military defense of the national boundaries.

To protect and manage overseas wealth, the United States relies on national strength. Apart from the worldwide fleet of carriers and the ability to put troops into any corner of the world within 24 hours, the United States has always been good at using its political influence and diplomacy to maximize its overseas capital. Another economic power, Japan, relies mainly on its own capabilities. Japan has held overseas net assets for 19 consecutive years. The global network formed by production, trade and UnionPay makes Japan's overseas investment achieve the maximum benefit.

The characteristics of China's development determine that the protection of overseas capital in the future must rely more on the central government. From the experience of the United States and Japan, we must combine the two ways of better using national strength and giving full play to the role of enterprises, and explore their own new models.

How to deal with China's capital and its necessary protection measures will test the sincerity and tolerance of the world, especially the western countries. China's strategy of protecting overseas interests will also be an important part of China's peaceful rise. The huge management of China's overseas interests will directly affect the stability of China's rise in the future, and it will also relate to the sustainability of world development.