Saturday

27th Feb 2021

Stakeholder

EU and Chinese SMEs matchmake in Brussels

  • More than 200 SMEs from China and all across Europe participated in Bank of China's EU-China SMEs Matchmaking Event in Brussels on 2 June. (Photo: Bank of China)

Bank of China successfully held the 2017 EU-China SMEs Matchmaking Event in Brussels on 2 June, in partnership with Eurochambres, and supported by the EU SME Center and EU-China Business Association (EUCBA).

More than 30 EU-China SMEs Matchmaking events have been organized by Bank of China since 2014. Corresponding with China's "One Belt One Road" policy, Bank of China has attracted more than 20,000 enterprises from 80 countries worldwide to attend this event. 5,000 letters of intent for business cooperation have been signed and 10,000 negotiations have been conducted accordingly, since that first event.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Small and medium-sized enterprises (SMEs) play a crucial role in job creation, technological innovation and economic growth. Many obstacles are encountered during the development process of SMEs.

In order to support SMEs and actively help contribute to the real economy, Bank of China offers a global SMEs matchmaking service that aligns with its business philosophy, namely "serving society delivering excellence". This service aims at providing a better cross-border communication and trading platform for EU-China SMEs.

Complementing and transforming market resources of developing countries with technologies of developed countries create profound impacts on sustainable economic development and employment.

Embracing the three concepts of deepening mutual trust, expanding common ground and win-win cooperation, this year''s matchmaking event was held in the capital of the European Union, Brussels, and covered a broad spectrum of industries and sectors, including internet and e-commerce, intelligent manufacturing, and new energy.

The event facilitated discussions on enterprise transformation and innovation, integration of traditional industries and internet, and the practice of China's national strategy, so called "made in China 2015".

145 European enterprises from 22 countries, including Belgium, the Netherlands, Portugal, Germany, France, Sweden, Luxembourg, Croatia, Italy, Denmark, Finland, Hungary, the UK, Greece, Ireland, Romania and Spain, had face-to-face communications with 78 Chinese enterprises from Beijing, Anhui, Henan, Tianjin, Shanghai, Guangdong, Hubei, Shannxi, Sichuan, Zhejiang, Jiangsu and Shanxi.

246 pairs of SMEs reached preliminary cooperative intentions. 68 pairs signed letters of intent to pursue business collaboration opportunities after the event.

All business negotiations cover various industries, such as internet and e-commerce, environment protection and new energy, high technology, high-end manufacturing, winter sports and cross-border tourism, modern agriculture and food industry, biological pharmacy and medical treatment, and chemical industry.

Cross-border matchmaking provides an effective platform for enterprises, who hope to expand internationally, to initiate technical cooperation and facilitate industry transformation and upgrading.

Instead of having to pursue traditional methods to attract business and investment, Bank of China has adopted an innovative mode of "one-to-one" or "one-to-more" negotiations and connections. The potential barriers of cross-border business are removed and the concerned enterprises could become international by the following 6 steps: 1) establishment of database, 2) customer matchmaking, 3) remote connection, 4) one-to-one negotiation, 5) site inspection and 6) financial services.

Disclaimer

This article is sponsored by a third party. All opinions in this article reflect the views of the author and not of EUobserver.

EU-China united on climate, divided on trade

Within 24 hours of Trump announcing that the US will pull out of the Paris climate accord, EU and Chinese leaders presented a united front on fighting climate change. But divergence on trade plagues the new alliance.

EU and China move to fill US void

At a summit in Brussels, EU and Chinese leaders will attempt to deepen ties on trade and climate as US president Trump plans to pull out of the Paris climate deal.

Opinion

Why the EU doesn't get China's Belt and Road

It is not enough for European officials to simply tell the press that they do not understand the Belt and Road – the vision is clear enough, the point is to decide how to engage with it.

I love the EU - but the vaccine strategy is a fiasco

In my opinion, the contracts Europe negotiated with the pharmaceutical companies were extremely unbalanced. Precise on pricing and liabilities but weak and vague on supply and timing, and with escape routes to the contractual obligations of the pharmaceutical companies involved.

News in Brief

  1. EU leaders restate defence 'autonomy' plan
  2. Rights group exposes Ethiopia massacre
  3. US carried out airstrikes against Iran-backed militia in Syria
  4. Malta closes investigation into journalist murder
  5. Dutch parliament calls China treatment of Uighurs genocide
  6. Spain fined €15m by ECJ over data failures
  7. Belarus: Anti-government protester jailed for 10 years
  8. German charged with spying for Russia in Bundestag

Synergy need to tackle climate change in Mediterranean

The Interreg Med, a cross-border initiative of 13 countries around the Mediterranean Sea, has made the fight against climate change the cornerstone of its strategy for the next years - since the region is facing irreversible environmental damage.

Stakeholders' Highlights

  1. Nordic Council of MinistersNordic Council to host EU webinars on energy, digitalisation and antibiotic resistance
  2. UNESDAEU Code of Conduct can showcase PPPs delivering healthier more sustainable society
  3. CESIKlaus Heeger and Romain Wolff re-elected Secretary General and President of independent trade unions in Europe (CESI)
  4. Nordic Council of MinistersWomen benefit in the digitalised labour market
  5. Nordic Council of MinistersReport: The prevalence of men who use internet forums characterised by misogyny
  6. Nordic Council of MinistersJoin the Nordic climate debate on 17 November!

Latest News

  1. Armenia 'coup' shows waning of EU star in South Caucasus
  2. 'Difficult weeks' ahead, as variants spread across EU
  3. EU top court advised to strike down Hungary's asylum policy
  4. Frontex chief: 'about time' MEPs probe his agency
  5. Is EU poised to solve child labour in 'green' batteries?
  6. The trap of spreading ideas while attacking them
  7. Who are the EU's new Russian deplorables?
  8. Afghan asylum family beaten in Greece, set adrift at sea

Join EUobserver

Support quality EU news

Join us