Wednesday

20th Jun 2018

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

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... our join 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.

Focus

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.

Focus

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.

Stakeholders' Views

This EUobserver section provides a platform for EU stakeholders to communicate positions, views and activities.

Stakeholders' Highlights

  1. Mission of China to the EUJointly Building Belt and Road Initiative Leads to a Better Future for All
  2. Macedonian Human Rights MovementMHRMI Launches Lawsuits Against Individuals and Countries Involved in Changing Macedonia's Name
  3. IPHRCivil society asks PACE to appoint Rapporteur to probe issue of political prisoners in Azerbaijan
  4. ACCASocial Mobility – How Can We Increase Opportunities Through Training and Education?
  5. Nordic Council of MinistersEnergy Solutions for a Greener Tomorrow
  6. UNICEFWhat Kind of Europe Do Children Want? Unicef & Eurochild Launch Survey on the Europe Kids Want
  7. Nordic Council of MinistersNordic Countries Take a Stand for Climate-Smart Energy Solutions
  8. Mission of China to the EUChina: Work Together for a Better Globalisation
  9. Nordic Council of MinistersNordics Could Be First Carbon-Negative Region in World
  10. European Federation of Allergy and AirwaysLife Is Possible for Patients with Severe Asthma
  11. PKEE - Polish Energy AssociationCommon-Sense Approach Needed for EU Energy Reform
  12. Nordic Council of MinistersNordic Region to Lead in Developing and Rolling Out 5G Network

Stakeholders' Highlights

  1. Mission of China to the EUChina-EU Economic and Trade Relations Enjoy a Bright Future
  2. ACCAEmpowering Businesses to Engage with Sustainable Finance and the SDGs
  3. Nordic Council of MinistersCooperation in Nordic Electricity Market Considered World Class Model
  4. FIFAGreen Stadiums at the 2018 Fifa World Cup
  5. Mission of China to the EUChina and EU Work Together to Promote Sustainable Development
  6. Counter BalanceEuropean Ombudsman Requests More Lending Transparency from European Investment Bank
  7. FIFARecycling at the FIFA World Cup in Russia
  8. Nordic Council of MinistersOECD Report: Gender Equality Boosts GDP Growth in Nordic Region
  9. Centre Maurits Coppieters“Peace and Reconciliation Is a Process That Takes Decades” Dr. Anthony Soares on #Brexit and Northern Ireland
  10. Mission of China to the EUMEPs Positive on China’s New Measures of Opening Up
  11. Macedonian Human Rights MovementOld White Men are Destroying Macedonia by Romanticizing Greece
  12. Counter BalanceControversial EIB-Backed Project Under Fire at European Parliament

Join EUobserver

Support quality EU news

Join us