On the afternoon of November 15, 2022, the 2nd Investment and M&A Development Strategy Conferenceof China Petroleum and Chemical International Conference (CPCIC) successfully took place both online and offline.
The petrochemical industry faces dramatic changes following the COVID-19. Finance, the core of modern economy, will play an important role in stepping up the construction of a new development pattern towards the goal of “dual carbon goals”. Investment and M&A, the financial approaches, are destined to become an essential support for the domestic petrochemical industry to achieve carbon neutrality. The dual carbon goals and the “dual circulation” strategy poses new requirements for the chemical industry, while the recovery of the chemical industry would promote industry M&A, green development on ESG investment and further application of new materials.
The forum is designed to build a cross-border platform to share forward-looking views with a global perspective, new trends, new orientations and new hopes.
The top brokers, PE, consulting companies, law firms and other institutions gathered at the conference to talk about the development of chemical industry, M&A trend, ESG investment, new material opportunities and other topics.
At the beginning of the conference chaired by Wang Yu, Executive Deputy Secretary-general of the Going Global Confederation of China Petroleum and Chemical Industry, Qiu Xiaofeng, Managing Director of Petrochemical Industry of CICC, Yang Xianghong, Deputy Director of the Expert Committee of the Going Global Confederation of China Petroleum and Chemical Industry, and Wang Xi, Managing Partner of Financial Consulting of Deloitte China Energy and Resources Industry, gave keynote speeches, respectively.
Two roundtables were held under the conference. The first roundtable themed on “Double Carbon Goals and Energy Storage” was presided over by Wang Xi, Managing Partner of Financial Consulting of Deloitte China Energy and Resources Industry, where Linda Yang was invited. Other guests to the discussion were Li Rong, Chief Analyst of the Environmental Protection and Public Utilities Group of Sinolink Securities, Ren Bo, Managing Director of Sinopec Capital, and Qin Han, Head of BASF Venture Capital in China. Linda Yang, member of the Network Steering Committee of the South-South Global Thinkers and member of the Energy, Sustainability & Climate B20 Task Force, shared with participants on the origin and development of ESG and the requirements of China’s policies and regulations for ESG based on her years of experience in sustainable development and ESG. In addition, Linda Yang also put forward suggestions on how to build ESG system from the perspective of corporate governance.
Another roundtable themed under “Cross-border Development of New Chemical Materials” was chaired by Zhu Mingyue, Expert Consultant of the Going Global Confederation of China Petroleum and Chemical Industry. Attending the roundtable were Yang Xianghong, Deputy Director of the Expert Committee of the Going Global Confederation of China Petroleum and Chemical Industry, Xie Anjie, Managing Director of Fountain Vest Partners, Wang Jianlu, Business Director of China Cinda Asset Agricultural Division, Shi Xuesong, Founding Partner of Longwater Investment, Nie Junxing, Partner of Zhongqi Capital, Cao Erning, Investment Director of Evonik Venture Capital, and Wang Yu, Deputy General Manager of Precious Metals Market Development of Anglo-American Resources Trading (China) Co., Ltd..
CPCIC is an annual event with high standard, extensive participation and great influence in China’s petroleum and chemical industry jointly built up by China Petroleum and Chemical Industry Federation, provincial and municipal governments and world-renowned consulting firms. CPCIC, since its establishment in 2010, has been listed as one of the five major vents of global petrochemical industry based on “market, strategy, foresight and sustainable development”, characterized by “internationalization, high level and influence”, and aiming at objectively analyzing the status quo and challenges facing China’s petroleum and chemical industry and beaconing the industry players.
Yingke Law Firm started to focus on ESG in 2021 when it established ESG Working Committee with the Going Global Confederation of China Petroleum and Chemical Industry, and entered into ESG Strategic Cooperation Agreement with China Chamber of Commerce for Import and Export of Machinery and Electronic Products. Yingke also held a number of ESG training and forum sessions with influential chambers of commerce and associations, such as the American ESG Special Salon and the Indonesian ESG Special Salon jointly organized with the Going Global Confederation of China Petroleum and Chemical Industry. Yingke was also Invited to the 21st Public Lecture held by the Expert Committee of China Chamber of Commerce for Import and Export of Machinery and Electronic Products and delivered a lecture on the theme of “Accelerating the Construction of ESG System for High-quality Foreign Investment Cooperation”, convened a seminar with China International Public Relations Association on “Highlight the New Trend of Public Relations for the New Era”, and also provided ESG training sessions with China Association for Public Companies. Meanwhile, Yingke lawyers have made several speeches on ESG-related topics at the Working Group of G20 Business (B20) Summit, the 4th Tsinghua University World Forum on Rule of Law, and “The Belt and Road Initiative” 2022 International Forum for Public Companies, created the journals Global ESG Insights and ESG Navigation, and published a lot of original ESG-related research articles. With further efforts in ESG, Yingke Law Firm will continue to provide professional and efficient legal services thanks to our global legal service network and professional partners covering 89 countries, for the better outcomes in assisting enterprises in sustainable development with higher quality.
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