From 25 to 27 September 2024, Vision Asia Forum 2024 was held in Singapore. This year's forum was hosted by Caixin International with the support and cooperation of the Singapore government. PBC School of Finance of Tsinghua University served as the academic supporter. The theme of the forum was "Global Challenges, Asia Strategies", which aims to help the international community better understand the real Asia and China through the multi-dimensional perspectives of the world, Asia and China.
Gu Liangfei, Party Secretary of the Committee of PBC School of Finance, Tsinghua University, and Zhang Xiaoyan, Associate Dean of the School and Xinyuan Chaired Professor of Finance, attended the forum and delivered speeches in the theme discussion. In the theme event of "Inheritance and Transcendence: An Investment Journey in Indonesia" co-organized by the School and Caixin International, Yang Qinghong, a clinic professor of the School and BRI EMBA instructor and a veteran Wall Street investor, moderated the discussion. Pandu Sjahrir, an alumnus of Cohort 1 of the Belt and Road Finance EMBA (BRI EMBA), President of the Indonesian Fintech Association, Commissioner of the Indonesian Stock Exchange, and Founding Partner of AC Ventures, shared his insights and the investment opportunities and prospects in Indonesia.
The scene of the Asia Vision Forum 2024, "Inheritance and Beyond: Indonesia Investment Journey".
The Belt and Road Initiative leads China and Indonesia to prosper together
As the Asia-Pacific region emerges as a new engine of global growth, Asia is increasingly leading the way in the energy transition and technological leaps, both a cradle of innovation and a dynamic hub for solutions. As a key driver of Asia's economic growth, ASEAN plays an active and leading role in East Asian economic cooperation. Indonesia is the largest economy in ASEAN, ranking first among ASEAN countries in terms of population and land area.
China and Indonesia are actively deepening cooperation in various fields, especially in infrastructure construction, digital economy and green energy. China has been Indonesia's main trading partner and second largest source of investment for more than a decade. Through the Belt and Road Initiative, the two countries have strengthened connectivity, economic growth and regional integration. With the deepening of cooperation, China and Indonesia have not only injected strong impetus into their own development, but also made key contributions to the stability and prosperity of the Asia-Pacific region.
Inheritance and Beyond: An Investment Journey to Indonesia
On the afternoon of September 25, 2024, the thematic event "Inheritance and Beyond: An Investment Journey to Indonesia ", co-hosted by PBC School of Finance of Tsinghua University and Caixin International, was held in Singapore. Gu Liangfei, Party Secretary of the School’s CPC Committee, delivered a speech at the event, saying that education connects the past and the future, links China and the world, and promotes exchanges and mutual learning among civilizations. Tsinghua PBCSF is committed to actively participating in international exchanges and cooperation with a more open attitude in the context of globalization, continuing to pay attention to exchange and cooperation opportunities with Indonesia, building a high-quality global partnership system, strengthening research on major issues facing Asia and the world, and being a contributor to a community with a shared future for Asia and mankind, and writing a new vision and new chapter for Asia.
Gu Liangfei
Pandu Sjahrir, a senior investor from Southeast Asia, was invited to attend the event and speak as a representative of BRI EMBA alumni. He said that 20% of Indonesia's population is still in destitution, so the government's priority is to eradicate poverty. "Indonesia has set two goals," said Pandu, "Firstly, in the next five years, we expect to reduce the poverty rate to 0% and maintain economic growth at 8%". Secondly, he believes that improving the level of education and strengthening talent training is the another key point for Indonesia to achieve sustainable development, and investing in education is not only an investment for the future, but also a long-term plan for the country's development.
Pandu Sjahrir
In 2021, Pandu was appointed President of the Indonesian Fintech Association, where he plays an important role in uniting Fintech innovators to drive the industry forward. His reputation as a forward thinker is evident in his early support for iconic Southeast Asian businesses such as Gojek, SEA Ltd., and Bukalapak. Through strategic mentoring and coaching, he has played a key role in helping these start-ups scale and grow into established businesses. Over the past nine years, Pan has helped more than 100 companies raise more than US$1 billion in funding, creating 100,000 jobs, and nurtured 200 new entrepreneurs in Southeast Asia. His investments have fostered innovation, business expansion, and entrepreneurship in the region, contributing significantly to the economic development.
Talking about the Belt and Road Initiative and Indonesia's economic development and investment opportunities, Pan believes that the relationship between China and Indonesia is getting closer and closer under the promotion of the Belt and Road Initiative. Indonesia will benefit not only from Chinese capital, but also from Chinese technology. "I am eager to learn more about China's successful experience in the field of innovation and technology so that we can better promote Indonesia's modernization process." Pandu pointed out that with the help of the Belt and Road Initiative, Indonesia can learn from China’s experience and improve its own industrialization and competitiveness, so as to attract more international investment.
BRI EMBA – Fostering people-to-people bonds and promoting cross-border cooperation
Since General Secretary Xi Jinping proposed the Belt and Road Initiative in 2013, with the joint efforts of all parties, the practice of the Belt and Road Initiative has expanded from China to the world, from concept to action, and from vision to reality in the past 10 years.
