Lecture 1 ‘Thinking Global Series’ Encouraging Innovation and Development (Israel – China) – Press Release

December 31, 2011

Chinese Business Economy

Happy New Year!

Happy New Year’s Celebrations to our friends across the world stationed in Israel, UK, USA, China, Japan and Brazil! We hope your year is filled with joy and delight and hope that success is forthcoming.

We would like to take this opportunity to introduce our core concept to you. The ‘Thinking Global’ idea is a new way of thinking, encouraging us to think about wider global issues instead of those only affecting our own jurisdiction. As we are based in China, we need to think about issues affecting Israel, USA, UK etc. and how they would relate to us. For instance, the first lecture in our series explored the range of high-tech financial incentives that exist between Israel and China. A critically important issue of course to those thinking about setting up Research and Development (R & D) departments with Chinese companies. Given that R & D is so expensive, as much as 50% off this expenditure is crucial, especially to start-up businesses.

In our next lecture we will be exploring real estate in the USA, a potential market that could lead to extremely profitable results. More relevant of course in China, where property prices are unaffordable and a vast pool of domestic liquidity amongst household savers exists. Thus, Chinese people are looking for investment options; but remember, if we apply ‘Thinking Global’ thinking these options do not have to necessarily be in China.

Lecture 1 ‘Thinking Global Series’ Encouraging Innovation and Development (Israel – China) – Press Release

Yesterday, we gave a lecture speaking about our core concept, ‘Thinking Global’, in the first of our lecture series encouraging employees, clients and investors to consider wider issues outside of China. Our aim is to try to bridge the gap between our foreign clients and their investments and hope that we can encourage them to make prudent and savvy business decisions through educated global awareness.

In our lecture we discussed the range of financial incentives now available to Chinese and Israeli companies who co-operate in research and development activities. We saw how in 2008, Jiangsu signed an agreement with the State of Israel offering financial relief to companies from the respective regions, with the State of Israel granting up to 50% relief in some circumstances. Furthermore, more recently in 2011 we saw how Shanghai, China’s financial hub, initiated a similar agreement with Israel with similar financial implications. It is hoped that these financial incentives will spur innovation and technology between the two countries as well as galvanising diplomatic relations. In addition, we discussed the third financial protocol between the two countries in which Israel has given China preferential governmental loans in support of its various industries, including medical, energy saving and emission reduction. We also noted the merger between Makhteshim Agan and ChemChina worth approximately $2.4 billion. This is the largest transaction in history between Israel and China and represents a real turning point in relations between the two countries.

Furthermore, we delved into the success story of Israel and what makes it so appealing to investors worldwide. Israel per capita, is one of the most successful countries in the world when it comes to research and development. Not only is there a wealth of venture capital flowing into the country, but there is also a range of home-grown talent who have been commended recently by the Nobel Prize Committee, with six winners in the last ten years. We also noted that for such a small country, a surprising number of the world’s fundamental technology has been sourced either in Israel or been invented by Israeli, including the USB Flash Drive, Intel Core processing chips, and Windows XP and Office.

To finish, we also had a chance to celebrate the Jewish festival of light, Hannukah. Here we had a chance to light Hannukiah candles, spin dreidels and eat traditional jam-filled doughnuts. It was truly a memorable celebration!

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