BIZFIELD CKO Mr. Shang was invited to attend China Overseas Scholar Innovation Summit and made a spe
20th China Overseas Scholar Innovation Summit was grand held in Dalian, China on July 5- 7th ,2019. Overseas students, overseas returning entrepreneurs, well-known industry experts and investors from more than ten countries and regions at home and abroad have conducted many roadshows and communication such as cutting-edge technology, investment trends and international development of mass entrepreneurship and innovation. Mr. Shang Feng, CKO of Bizfield, was invited to attend this summit.
（Opening ceremony of Summit）
Mr. Shang Feng stood in the government high-tech zone to help enterprises to list overseas financing, and made a keynote speech on “The Best Springboard for US/Hong Kong Stock Listings”. In the opening speech, a set of digital brief introductions quickly made everyone understand the Canadian Stock Exchange:
• History: Established in 1852, currently ranked 8th in the world's top 10 major stock exchanges;
• High market capitalization: nearly 3,300 listed companies, with a total market capitalization of over RMB 15 trillion by 2018;
• High financing: the early financing of the GEM's GEM is between RMB 5 million and RMB 100 million, and the main board is higher;
• High growth: Since 2015, the number of new IPO companies ranks third in major exchanges around the world;
• Internationalization: Since 2015, quarter of newly listed companies and 40% of transactions have come from outside Canada;
• Integration: North American capital market integration, 192 companies are listed in parallel with Canada and the United States;
• Fast listing: An internationalized registration system, financially compliant company, can successfully IPO in 6-8 months.
（Speech of Mr. Shang Feng）
During the meeting, Mr. Shang Feng mainly elaborated on two aspects in view of the issue of Canadian listing value that everyone is concerned about.
First of all, the listing of Canada is a “half step ladder” for Chinese companies to move towards US/Hong Kong stocks. Mr. Shang Feng particularly stressed that the listing of Canada is only the first step in overseas listing. At present, the dream exchanges of Chinese companies listed on the sea are still US stocks and Hong Kong stocks. However, most companies directly enter the US/Hong Kong stocks and the difficulty is too large. The Inter-Judicial Disclosure System (MJDS), signed with US stocks/Hong Kong stocks, gives companies the ability to switch to US/Hong Kong stocks more simply when the time is right.
Secondly, companies with large R&D investment in bio-pharmaceuticals, clean technology and renewable energy, and the Canadian government's R&D tax rebate policy also make many domestic companies with actual R&D needs very interested. Mr. Shang Feng made a conclusion : "Very generous policy, plus Canadian (including Canada Permanent Residence) major shareholder enterprise, plus 60% of the government's investment in research and development, non-Canadian large shareholder enterprises, plus 40% of the government's return on research and development investment."
On the basis of the above two aspects, Mr. Shang Feng also elaborated on other practical needs of Chinese enterprises, such as the demand for industrial upgrading, relying on Canada's strong technology research and development strength, industrial upgrading and technological iteration, so that these enterprises do not need any transformation and still can shining and developing. If the policy allows, the enterprise project can be reasonably transferred to the policy support encouragement area, such as blockchain projects, North America allows and it is sought after by investment institutions. Moreover, the global immigration policy Under the tight environment, overseas entrepreneurship has become an effective way for business owners and their family to obtain immigration status in developed countries.
Canada BIZFIELD Angel Network helps Chinese entrepreneurs and investors to complete the whole process of North American business incubation, investment, financing and listing. The overseas listing team provides Chinese companies with comprehensive services in Canadian law, business consulting, public relations and trading agency for the purpose of listing in Canada. They work closely with brokers, sponsors and auditors to develop work plans and assist companies to successfully list.
This summit also attracted many successful entrepreneurs such as Mao Daqing, founder of ucommune, Hu Yu, President of Keda Xunfei. Bob De Haven, President of Microsoft Global Media and Communications. Founder fo FoudersSpace, Steve Hoffman, Israel's Trendlines Incubator President Barak Singer and other guests attended the summit and gave a speech.