Known as the “Davos of the Middle East,” Future Investment Initiative (FII) is an annual global event that attracts the world’s political leaders, business giants, and pioneering entrepreneurs to discuss key global issues, seek solutions to social and economic challenges, share international business insights, and envision the world’s economic outlook.
M31 Capital spearheaded a delegation of 50 Chinese entrepreneurs at the 2022 FII held in Riyadh from October 25th to 27th. The key theme of the 6th edition of FII was “Investing in Humanity: Enabling a New Global Order.” The conference focused on addressing the challenges facing global leaders at this pivotal moment as the world rebuilds from the pandemic and confronts both old and new challenges.
M31 Capital Founding Managing Partner Patrick Zhong led the Chinese delegation. For most of these Chinese entrepreneurs, this is the first time they went out of the country during the 3-year pandemic lockdown, enabling them to participate and share their views on global business and economic trends.
Patrick Zhong shared China’s advanced manufacturing industry’s development and investment insights in the “Meta-Industrial Revolution” plenary session on Day 1. He highlighted China’s transformation from a big manufacturing country to a strong manufacturing country and its leading role in the new energy industry chain of new energy vehicles, lithium batteries, photovoltaics, wind energy, and hydrogen energy. In the face of geopolitical challenges, Chinese companies need to pay more attention to international development strategies and strengthen their interactions and cooperation with global partners to play a greater role in the global economy.
In the “China is Back” session on Day 3, Patrick Zhong discussed China’s economic situation and its relationship with the world. Against the backdrop of the global order’s transformation, China continues to play an important role. China is not only the world’s largest consumer market but also the largest exporter, providing a wide range of products to the global market and making significant contributions to reducing global inflation. Patrick emphasized that Chinese companies have immense potential and opportunities in the globalization of their business and need to diversify risks better and increase cross-border collaboration to achieve long-term sustainable development.
M31 Capital also hosted a high-level China-themed closed-door discussion at the FII summit, inviting more than 50 politicians and entrepreneurs from China and around the world. The attendees include CEO of FII Richard Attia, US Senator Norm Coleman, Former House Majority Leader Eric Cantor, Nicolas Aguzin, CEO of Hong Kong Stock Exchange, HE Khalid Al Rumaihi, CEO of Mumtalakat, Hani Kablawi, Chairman of International BNY Mellon, Fawaz Sulaiman AlRajhi, Chairman of Al Rajhi United, Pandu Sjahrir, Founding Partner of AC ventures, and renowned venture capitalist Klaus Hommels among other distinguished guests. Participants unanimously agreed that this conference was an important window for the world to further understand the Chinese economy and Chinese entrepreneurs. Despite the challenges brought to Chinese trade by geopolitical tensions, the Chinese economy remains on a strong development trajectory. Richard Attia, CEO of the FII Institute, highlighted that “it is of great significance for Chinese entrepreneurs and investors to participate in the FII summit, and the conference needs to hear the voice of China.”
“Meta – Industrial Revolution” Panel Video:
“China is Back” Panel Video: