GNIS Nuclear Investment Forum

Time: January 28, 2018 Address: Diaoyutai State Guest House, Beijing, China

Forum Registration

Host Organization

About the Forum

Integration of nuclear and finance is the only way for the industrial upgrading and sustainable development of nuclear industry. As a result, a crucial issue for future nuclear energy development lies on how to utilize various financial methods such as equity financing, venture capital, industrial investment fund, financial bonds issuing, merge and acquisition to boost nuclear development with dual drive of the industry and finance.

With the theme of “financing the future of nuclear industry”, and “innovation, coordination, openness, environmental-friendly approach, and sharing benefits” as the five major concept, this forum is highly committed to solve the key issues in international energy economic development, so as to promote regional energy resource integration and sustainable growth, as well as to boost nuclear industrial upgrading with financial muscle.

Master of Ceremony
Weihong Chen
Well-known CCTV Financial Anchor

2011 Gold Microphone Award winner

2013 Brand China People of the Year

CCTV anchor, reporter, editor and producer. In 2004, at the invitation of CCTV, Chen has officially shouldered the responsibility of Anchor for the Talk Show,Dialogue.

Guests To Be Invited
  • Mohan Munasinghe
    Prof. Mohan Munasinghe Vice Chair of the UN Intergovernmental Panel on Climate Change (IPCC-AR4) and Nobel Peace Prize Winner
  • Jianguo Wei
    Former Vice Minister of Commerce Department, Incumbent Vice President of China Center for International Economic Exchanges (CCIEE)
  • Congsheng Zhuang
    Well-known Economist Former Vice Chairman of the All-China Federation of Industry and Commerce
  • Xiaoming Zhou
    Former Minister-Counsellor of Chinese Embassy in the UK
  • Jin Wang
    Doctor and Professor of Economics Chief of International Energy Bureau of National Collaborating Center of National Development and Reform Commission.
  • Francois Morin
    Director China of the World Nuclear Association
  • Yuming Xu
    Vice Director of Expert Committee of China Nuclear Energy Association
  • Hanxin Yang
    Nuclear Power Engineering Doctor in the UK and Former Member of Nuclear Power Technology Expert Group of Rolls-Royce in the UK.
  • Heping Cao
    Professor of School of Economics, Peking University, Vice President of Institute of Digital China, Peking University
  • Shijin Liu
    Vice president of China Development Research Foundation and former deputy director of Development Research Center of State Council
  • Xingke Feng
    Researcher of Tsinghua University's Center for China in the World Economy (CCWE), Deputy Executive Secretary General of BRICS Economic Think Tank
  • Zhikaie Gao
    Director of China Energy Safety Research Institute
  • Yibin Huang
    Director of Energy and Chemical Group of Investment Banking Committee of Citic Securitie
  • Nova Sheck
    Executive Chairwoman of GNIS Organizing Committee
Forum Agenda
Guest View
Jianguo Wei

Former Vice Minister of Commerce Department,

Incumbent Vice President of China Center for International Economic Exchanges (CCIEE)

Stronger Multi-national Cooperation Needed at the Prime Opportunity for China’s Nuclear Sector to Go outside

I reckon it’s the best time now for China’s nuclear sector to go outside. Since China has undergone a tough process for ideological unification and our nuclear power technology has transcended Japan and France in maturity, what we need to take... into account is what favor we can do...

Mohan Munasinghe

Nobel Prize for Peace laureate,

Vice Chair of the UN Intergovernmental Panel on Climate Change

Nuclear Becomes a Potential Solution for Sustainable Development of Energy

As the vice chairman of the UN Committee on Climate Changes, I have promoted an array of agendas and cooperation, thus making it possible to control the global climate and fulfill the global vision of sustainable development...

Nova Sheck

Executive Chairwoman of GNIS Organizing Committee

Global Nuclear Sector Gaining Momentum from Finance, with Asia Making a Great Contribution

GNIS Nuclear Investment Forum is an international, branded investment summit co-founded by Ocean Nuclear, International Nuclear Organization Financial Industrial Alliance and authoritative media. As an industrial organization intended to promote ...

François Morin

Director China, World Nuclear Association

Articulate on the Chinese Tale to Accelerate the Pace to “Go outside”

Nuclear energy is a global trend. Transnational nuclear practitioners in China, the US and Russia gradually reinforce their cooperation. The process is brimming with new challenges and hopes, with more optimistic signals emitted.For pessimistic factors such as the Fukushima nuclear accident, global cooperation must be sought to improve the safety....

Yuming Xu

Vice Director of Expert Committee of China Nuclear Energy Association

China’s Nuclear Development is Still at Strategic Opportunity Phase, and will Embrace a New Era

Currently, the traditional development mode of nuclear energy has encountered grave difficulties. Especially in some western countries, the nuclear development advances rather slowly. According to UN’s statistical calculation, China’s nuclear...

Zhen Qiu

Chairman of the Board, Ocean Nuclear

Ocean Nuclear: Cater for the financial demand of global nuclear power export enterprises; to be the pioneer of Chinese nuclear industry

China's nuclear power technology has been favored with a history of nearly 30 years, and we, as the country's first private nuclear power enterprise and currently the only overseas nuclear power company in China, endeavor to provide financial... ...

Shijin Liu

Vice president of China Development Research Foundation

Former deputy director of Development Research Center of State

China is still favored with the world’s rapidest economic growth. The development of environmental businesses has brought major opportunities for the nuclear power industry

Today's meeting is to discuss the development of nuclear energy. The development of nuclear energy is closely related to the technology, strategy and concept of nuclear energy and it is also inextricably linked to the overall development ...

Seminar
China's nuclear power sector goes out at the right time, and in this context, the investment prospect of private capital and how to develop it in the future and other related issues become the focuses of this Forum. Several important members gathered and discussed these issues from their points of view and judgment.
Moderator
Jin Wang

Chief of International Energy Bureau of National

Collaborating Center of National Development and Reform Commission

Panelists
  • Mohan Munasinghe

    Nobel Prize for Peace laureate,Vice Chair of the UN Intergovernmental Panel on Climate Change

  • Heping Cao

    Professor of School of Economics, Peking University Vice President of Institute of Digital China, Peking University

  • Dmitry Strelnikov

    Rosatom East Asia Deputy General Manager

  • Hanxin Yang

    PhD in Nuclear Engineering , University of Manchester, UK

  • François Morin

    Director China, World Nuclear Association

  • Zhikai Gao

    Bureau Chief of China Energy Safety Research Institute

  • Congsheng Zhuang

    Famous Economist, Former Vice President

  • Yibin Huang

    Director of Energy and Chemical Group of Investment Banking Committee of Citic Securities

Seminar Content
Jin Wang::

Teacher Cao, Cao Heping, Vice Director of Institute of Digital China, Peking University, Can you introduce to us the advantages for Chinese nuclear enterprises to go out, especially private ones?

Heping Cao

The domestic and foreign association formed by China and France has a total investment of 180 billion in the United Kingdom, with a capital contribution of 60 billion from China. Then what’s the contribution of French Energy Group? It is technology! So, among the 180-billion investment, UK accounted for 1/3, France 1/3 and China 1/3 with capital.

In Project B, China needs to invest its Hualong No.1 from China Guangdong Nuclear Power Group. That is to say, China needs to invest not only technology but also construction. There are 250 enterprises in China and 250 ones overseas. For such investment strategy enterprises, how to deal with their investment and financing systems? So in my opinion, this activity organized by Ocean Nuclear just tells us in fact that the development of nuclear industry must be completed by an association of big leading enterprises and end manufacturing supporting enterprises. They have advantages in primary market, but the construction of secondary market is more important. The development of global nuclear depends on the development of Chinese nuclear. China’s demand accounts for a large amount in the world. I hope that China can make more innovation in intelligent energy.

Jin Wang::

My question is for Zhuang Congsheng, party member and full-time vice chairman of All-China Federation of Industry and Commerce. As you know, China is weak in nuclear, so is our whole private enterprises. Do you have confidence in the going-out of Chinese private enterprises, like Ocean Nuclear? And Why?

Congsheng Zhuang:

As the chairman of China Private Economy Research Association, I contact with various entrepreneurs every day, from Pony Ma and Jack Ma to a table of entrepreneurs or even a person. But Ocean Nuclear is the first private enterprise that intends to invest nuclear overseas.

I ever spent more than two months investigating over 30 enterprises along the One Belt One Road engaged in foreign investment. Our private enterprises have been going out and participating in the construction of the One Belt One Road and their total volume accounts for 2/3 of foreign investment, already exceeding that of state-owned ones. There are around 20,000 enterprises which make investment overseas all over the country, but I have to admit a truth that 90% enterprise still don’t make any profit. It is easier to say than to do.

Many entrepreneurs say that, because of different national conditions, cultures, laws, custom, habits and languages and so on, it always involves more than 10 times of energy to do foreign investment and there are always many problems. And as for investment in nuclear, I think it is very difficult for Ocean Nuclear to unite dozens of financial institutions and some foreign trust companies to do this.

To do foreign investment, private enterprises shall firstly have a strong body and have a clear idea of its own core competitiveness and ace; otherwise, it will easily fall sick halfway. Secondly, China has been gradually integrating into regional integration and globalization, so we shall be with international thinking while doing foreign investment. Thirdly, the core of all competition is the competition of talent. Therefore, we shall have talents with good knowledge of domestic and foreign legal language and market. The fourth one is the capital. And lastly, private enterprises in China also have a terrible problem - asymmetry of information.

All in all, it is very good for private enterprises to have passion, but they shall also show their ace! I hope that Ocean Nuclear can achieve success in foreign investment.

Jin Wang::

Professor Yang, as the chief scientist of Ocean Nuclear, you not only need to lead the team but also need to make global layout. May I kindly ask you to introduce to us your layout of the future of Ocean Future?

Hanxin Yang:

Regarding energy, the construction of power station takes a long term and involves a large amount of capital. So temporarily, this is not the first choice of Ocean Nuclear. Currently, we will make certain equity investment in SMR, which doesn’t take a long term and is with lower financing risk.

Jin Wang::

Now I'd like to ask Francois Morin, Director for Chinese Region of World Nuclear Association. Now the minority of western media has a tendency to demonize China. Will there be any major challenge to China’s future investment in Europe or other countries?

Francois Morin:

Indeed, the image of China in the world is not completely and truly reported by foreign media, for example, China’s quality problems and so on. It was mainly in the 1990s and in the early 2000s that the quality of Chinese products was not very good then, but the image of China has changed dramatically. In fact, it is very easy to change, so I am not so worried about this issue.

As for the acceptability of the public, actually there are many mingling points. Don’t forget the point that the public is actually smarter than the government. The public in China cares very much about science and objectivity.

Jin Wang::

Is there any possibility for China to build some small-scale nuclear power plants or nuclear projects in Sri Lanka?

Mohan Munasinghe:

Nuclear is indeed one of the development strategies of Sri Lanka, but now the way of decision in Sri Lanka is different. The leadership of the country cannot make decisions on a single basis but need a comprehensive assessment.

For example, from an economic point of view, what is the lowest-cost energy model? This is what we need to pay attention to. We are not saying that nuclear energy is the best, but compared with traditional energies, the cost of nuclear is lowest.

Apart from the cost, the attitude of the public is more important. We need to educate the public from different attitudes, especially the young group, who are with very obvious and very independent self-awareness and self-judgment.

Jin Wang::

I’d like to ask Dmitry Strelnikov, Vice-General Manager of Rosatom Corporation, that we know Rosatom built many nuclear power stations overseas, then did you ever consider reaching cooperation with Ocean Nuclear and other Chinese nuclear companies?

Dmitry Strelnikov:

In my opinion, only companies intended to solve people’s problems and social problems can achieve big success. No matter what you sell, cellphones, automobiles or establishing nuclear power stations, you need to solve people’s problem. What problem does nuclear solve? We firstly need to know what people need. That is, they need good and cheap energy which shall be safe. Then what can solve these problems? One is technology and the other is money.

We already built two units in China and another two will generate electricity within this year. And now, there are still two new units. But there is no opportunity for us to cooperate in a third country momentarily.

Our company is also looking for partners for our oversea projects in India, Turkey and Egypt.

Jin Wang::

Gao Zhikai, Director of China Institute of Energy Security, you have many international experience, in your opinion, is it possible for China’s private enterprises to go out in this field? What assistance can you offer?

Zhikai Gao:

I think that nuclear energy financing is the most complicated, the most risky and the most necessary financing in the world. Nuclear power financing is a true example of PPP cooperation and PPP financing. So I have an idea that it will be very interesting if Ocean Nuclear can launch a PPP financing scheme for its nuclear energy financing with Chinese characteristics and is available for trial around the world. Morin

As for nuclear energy financing, especially financing with Chinese characteristics, we can pool the wisdom and efforts of everyone. I am willing to share my experience to assist in developing a PPP financing scheme with Chinese characteristics.

Jin Wang::

Huang Yibin is the person in charge of securities investment bankers, what’s your suggestion for going-out private enterprises, like Ocean Nuclear? What the capital market might think?

Huang Yibin:

Firstly, I want to say something about the situation of financing of China’s nuclear industry.

China’s nuclear energy industry was initially led by the government. In 1985, China had its first self-made, self-operated and self-managed power station and this project was actually funded by the government.

With the reform of the entire power system China, the society discovered the economy of the entire nuclear power. Therefore, we can see that in 2014, China Guangdong Nuclear Power Group listed on H share and China Nuclear Power listed on A-share. The listing of these nuclear power companies, on the other hand shows that they want to raise funds for the construction of their nuclear projects, and on the other hand, I think it very important, that they are willing to share the economic benefits of nuclear power with the public in the next 30 or even 50 years.

Therefore, Ocean Nuclear cannot miss the opportunity of the huge increase of energy in the next 30 to 50 years as expected by Professor Francois Morin.

As for “going out”, China is not so much success on the British market when compared with its achievement in Southeast Asia. We have very great prospects for these countries in Africa along the One Belt One Road. Regarding financing mode, I think we can consider some more radical equity financing models.

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