Interview with Cheung Yup Fan, Chair of Tianjin Chapter, CEO of Standard Chartered GBS Co Ltd
What’s the difference of China’s business/regulatory environment in your industry today vs. 20 years ago?
20 years ago, China started to develop the market with a ‘build’ mode to attract foreign investment, technology, knowledge and skills. Gradually China moved to the ‘maintain and sustain’ mode to stabilise the community and the business environment. Currently, China is under transformation to shift from a manufacturing/production stage to consumer services and financial services. This is a logical movement and I foresee, in the coming 20 years, China on the one hand continuing to stabilise the manufacturing/production industry but at the same increasing its efforts in research and development, financial services and consumer services.
What role do you expect the European Chamber to take in the next 20 years?
The European Union Chamber of Commerce in China has been playing a vital role in providing a bridge between membership enterprises and administration. We will continue to advocate and contribute to the community through better engagement with our members and the local government/community.
The value of the European Chamber must be to act as a bridge between the member companies and the local authorities. And establishing a close network amongst our members to drive market equality and transparency. It should be a platform through which to connect and influence for a better business environment. The connection with government officials to voice concerns of our members and to receive input/feedback from the government to resolve business challenges. The Tianjin Chapter is moving in the right direction, and I would like to see the chapter continue playing a role to connect and influence stakeholders.
Cheung Yup Fan, Chair of Tianjin Chapter, CEO of Standard Chartered GBS Co Ltd
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