​CMIG Explains Its Corporate Strategy | Phnom Penh Post

CMIG Explains Its Corporate Strategy

Special Reports

Publication date
01 December 2016 | 10:48 ICT

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CMIG positions itself as a globalized large industry and finance group, and implements a two-part strategy. Firstly, we aim to become a leading financial holding group in 5-7 years, focused on creating a globalized fully-licensed financial holding group covering insurance, banking, securities, fund, asset management, and leasing fields; secondly, we will select industries that align with the national development directions for comprehensive investment, and establish an all-round exit mechanism. By assembling the value created by private enterprises, we will utilize the power of capital, guide private investment, and propel transition and development of the Chinese economy.

Combining Industry and Finance

We have developed deep insights into domestic and overseas business and policy environments, and fostered a unique globalized financial perspective. CMIG will fully highlight comprehensive advantages in national brands, resource integration, capital strength, and integrated operation select key target industries to implement strategic integration, pursue industry development with financial thinking, develop finance revolving around industrial deployment and create a sustainable and strategic business model. Through capital investment and leverage effect, revolving around two special features of financial full-license and industrial integration, CMIG will concentrate resources to develop business pillars and key business divisions with distinct features. In terms of enforcement pathway, by relying on industrial integration, industrial strategic investment, mixed investment, and expanding overseas market, CMIG will transform traditional surplus capacity into advantageous industries and steadfastly push forward relevant businesses. By creating a fully-licensed financial platform and utilizing share holding strategies, CMIG will implement a strategic control model of the financial holding group.

Two Pronged Strategy

Against the macro background of economic globalization, the Chinese economy is picking up speed to integrate into the global economic system, and the global economic system also needs injection of more Chinese elements to promote all-round balanced development of global, social and economic growth.

As a representative of Chinese private capital, CMIG serves the national “Belt and Road Initiative” and “Going Global” strategy, bringing out financial wisdom and industrial strength, focusing the power of capital, building a globalized industrial platform. By fully utilizing the technology, brand, and resource advantages of developed countries, and the tremendous opportunities of “Going Global and Bringing in” brought by the development potentials of countries along the “Belt and Road Initiative” route, CMIG guides Chinese private capital to go abroad together, and promotes industrial upgrading and economic transformation.

Path of Strategic Development: Develop Three Groups

Singapore - Construct a Global Insurance Group: Help Sirius Insurance team enter Asian markets and conduct investment M&A, create a globalized large insurance platform and the hub for entering the markets of 10 ASEAN countries.

Hong Kong - Establish Financial Leasing Group: Fully utilize Hong Kong’s advantage as Asia’s resource convergence center as a bridge between international and domestic markets, develop a globalized financial leasing platform which can serve domestic

industrial upgrading and create a financial leasing group through international M&A.

London & Beijing - Set Up Asset Management Group: Create a large asset management group, invest assets with appreciation potential in Europe, and provide professional asset management for Chinese investors in Europe; and to obtain the asset management license in Beijing.

Consolidate Three Features

Home-based Elderly Care - CMIG will closely follow national strategy, assist structural reform of the supply front in medical and health industry, promote tiered diagnosis and treatment system, lift inclusive medical service and age care service to the community level, and accomplish community-based health and age care businesses. The home-based elderly care embodies two core concepts, being both a platform company and a company of light asset and high added value. We also need to build three packages on the platform. The first package emphasizes products. The products targeting seniors are classified based on ages and assets, as people in different ages will have varying incomes. The second is the services package. The services are also categorized according to age and asset. The third package is related to policy. We should study the government’s policies on home-based elderly care.

New Energy - CMIG is strategically aspiring to create the world’s biggest investment operation group in the new energy sector, aiming to become a listed company in the biggest market of the new energy industry and a representative of advanced technology and business models in the whole industry. The company dedicates itself to downstream development of the photovoltaic industry, steadily entering upstream and midstream for integration, and fulfills strategic deployment in photovoltaic industry through six measures. These measures include focusing on both large land power station and distributed power plants, focusing on both self development and M&A, focusing on both photovoltaic and other forms of clean energy, focusing on both domestic and international development, integrating industry and finance to create “photovoltaic +” innovation model, and focusing on both new energy and energy storage development.

Construction Industrialization - CMIG Drawin, a subsidiary of CMIG, pioneers quality upgrading of the construction industry with technology innovation. From aspects of energy saving, environmental protection and production efficiency, it boosts “Reform of the supply front” in the construction industry. Up till now, the company has applied for over 1,000 technology patents. By leveraging industry-leading technology R&D ability and well-developed technological systems and setting eyes on the trillion yuan grade market of construction industrialization, CMIG Drawin is unfolding rapid nationwide deployment, striving to reform the traditional construction industry through a modern industrialization method and boost China’s new urbanization progress.

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