FOR BUSINESSES
16 Sep 2020

FutureChina Global Forum 2020 - Day 2

Highlights of FutureChina Global Forum (FCGF) 2020 (Special Virtual Edition) Day 2

The FutureChina Global Forum (FCGF) 2020 (Special Virtual Edition), themed “A Resilient Future: Post-Pandemic Transformation & Opportunities in China and ASEAN”, continued with Day 2 today virtually.

Dr Koh Poh Koon, Senior Minister of State, Ministry of Health, Guest of Honour of FCGF 2020 Day 2, said during his speech that  COVID-19 has brought about many changes to our lives. To that end, FCGF remains a very relevant platform for us to connect, learn from one another the latest trends, find out about the different opportunities that have become available, and forge new partnerships.

“As Chairman of FutureChina and Board Member of Business China, I am glad that we can overcome the challenges of COVID-19, and continue our work to connect China, ASEAN, and different parts of the world through our platform, to share different perspectives and promote greater mutual understanding.”

 “The digital economy will take on greater salience than before, and we must seize the opportunities it brings. The pandemic has compelled businesses in all industries to turn to technology-enabled platforms for safe operations and business continuity.”

During the Panel Discussion titled “Embracing the Next Frontier of Technological Growth towards New Economic Future” - Panellists, comprising Dr Koh Poh Koon, Singapore Senior Minister of State, Ministry of Health; Mr Chia Song Hwee, Deputy Chief Executive Officer, Temasek International; Mr Li Tiantian, Founder & Chairman, DXY.cn; Mr Lew Chuen Hong, Chief Executive, Infocomm Media Development Authority; and Mr Wei Feng, Founding Partner, COCO Capital, discussed that the Covid-19 pandemic will see the digital world overtake the physical domain, accelerating a megatrend which had already long threatened before the crisis. But for the digital economy to take off, the development of regulations to govern the use of data and artificial intelligence will be key. This will prevent an online wild wild west. The main difficulty, they added on the second day of the FutureChina Global Forum 2020, will be to balance commercial and social considerations.

During the Thematic Roundtable Discussion titled “Opportunities and Challenges of the Singapore-China Collaboration Expansion into the ASEAN Market for the TMT Industry” – JD.Com, Tencent. Alibaba. These Chinese tech giants have become global household names in the Technology, Media and Telecommunications (TMT) sector today. Expect to see more of them in the region with these giants training their sights on tapping the huge potential in Southeast Asia. And as they look to ramp up investments in the region, Singapore will play a key role in bringing China and ASEAN together, said panellists, comprising Mr Liu Chao, Deputy General Manager, Bank of China, Singapore branch; Mr Dai Wei Dong, Deputy Managing Director, China Telecom (Asia Pacific); Mr Teh Hua Feng, Group President, ONE Championship; Mr Lennon Tan, Group Chairman, Adera Global; Mr Chua Wee Liang, Partner, Cowin Capital Group; Mr Roger Tan Keh Chai, Regional CEO for North East Asia, PSA; Mr Lu Gang, Founder & CEO, TechNode, and Mr Jeff Yu, Head of Group Treasury, JD.Com., during a discussion on advancing Singapore-China collaboration in the TMT sector.

In another parallel Thematic Roundtable Discussion titled “Embracing technological innovation to empower the next leg of industrial growth” - Will digitalisation be disruptive or destructive for businesses? This was the big question that panellists, including Mr Nicholas Ma, Chief Executive Officer, Huawei International; Ms Joy Xue, General Manager, YITU Technology; Mr Barak Sharabi, Founder, Infinity Technologies; Mr Shen Peng; Founder and CEO, Waterdrop; Mr Tridbodi Arunanondchai, Vice Chairman and Co-Founder, Lightnet Group, grappled with at a discussion on technological innovation and how it will empower the next leg of industrial growth. One panellist, Mr Nicholas Ma, Chief Executive Officer of Huawei International, said the pandemic has pushed firms to seek new solutions for survival. “The increasing and evolving demands of society will drive innovation,” he said.

For the TYS ASEAN-China Youth Forum Discussion titled “Post-COVID-19 Opportunities and Insights from the Lenses of Univesity Students in ASEAN and China” - The Youth Forum moderator was Mr Calvin Wee, Co-Founder of The Young SEAkers. Dr Choltis Dhirathiti, Executive Director of the ASEAN University Network, delivered the opening address to commence the discussion.

The youth forum attracted 40 participants. They explored various topics such as how university students navigate in the new normal, the challenges they faced when studying remotely during the pandemic, and their views on the future of work. Questions on how youths of Southeast Asia and China can collaborate on projects of common interest, and views on ASEAN-China relations post-COVID-19 were discussed. 

The roundtable discussion was led by four panelists, Mr Lim Chhay, Mr Zachary Zhang , Mr Li Jiaqi, and Mr Chen Ruoxiao. The speakers are undergraduates and post-graduate from the Royal University of Phnom Penh, Fudan University, Tsinghua University and SAIS-Tsinghua Dual Master Degree programme respectively.