Home>News and Events>News>Content
The First Global Social Finance Forum & 2017 Social Impact Investing Summit kicks off

:2017/12/04

The first Global Social Finance Forum & 2017 Social Impact Investing Summit (hereinafter referred to as the Summit) was held on December 3, 2017 in Shenzhen. To mark the tenth anniversary of the global social impact investment initiative, the China Global Philanthropy Institute (CGPI) joined hands with Fengqun Internet-of-Things Social Foundation to bring in global social finance and social impact investment leaders and representatives from finance, public welfare and other industries. In-depth discussions were held on inclusive finance, financial poverty alleviation, strategic philanthropy, social impact investment, and elderly care industry during the Summit, which was themed on “Investing for Philanthropy” and intended to exchange global experience, grasp future development trend, jointly plan for the future, build a cross-industry cooperation network, bring forth new action strategies and jointly address global challenges.



Ma Weihua, Chairman of the Summit, Board Chairman of CGPI and former president of China Merchants Bank, said informatization and globalization of financial capital have accelerated the combination between philanthropy and finance. Impact investment is becoming the new trend amid the combination between philanthropy and finance. Financial companies and social investment enterprises shall play a leading role in China, he said.



While addressing the Summit, Deputy Secretary General of the United Nations Liu Zhenmin said sustainable development strategies hold the key to solving problems concerning environment, poverty, social development and economic stability across the world. Social impact investment can leverage more social capital to serve sustainable development and channel private capital into social undertakings. He also expressed his hope that the Summit could take this global gathering as an opportunity to improve the global cross-industry cooperation platform for social finance and build a worldwide impact investment network.



While addressing the Summit, Deputy Secretary General of the United Nations Liu Zhenmin said sustainable development strategies hold the key to solving problems concerning environment, poverty, social development and economic stability across the world. Social impact investment can leverage more social capital to serve sustainable development and channel private capital into social undertakings. He also expressed his hope that the Summit could take this global gathering as an opportunity to improve the global cross-industry cooperation platform for social finance and build a worldwide impact investment network.


Among the attending Chinese and foreign guests are David Galipeau, Chief Impact Official of the United Nations Development Program, Wang Jianjun, General Manager of Shenzhen Stock Exchange, and Xavier Briggs, Vice President of Ford Foundation. All of them delivered speeches during the Summit.



Capital for philanthropy growing into mainstream of capital market


The report to the 19thNationalCongress of the Communist Party of China points out thatsocialism with Chinese characteristics has entered a new era. The principal contradiction facing Chinese society in the new era is that between unbalanced and inadequate development and the people’s ever-growing needs for a better life. 


The report to the 19thNationalCongress of the Communist Party of China points out thatsocialism with Chinese characteristics has entered a new era. The principal contradiction facing Chinese society in the new era is that between unbalanced and inadequate development and the people’s ever-growing needs for a better life. 


An inevitable result of the social finance is addressing problems encountered in development using financial means and commercial models. As the capital market has come to realize the importance of social responsibility, how to make capital a force for philanthropy will become the mainstream. Three 10% targets have been set for 2030 in impact investment: First, to increase the number of social enterprises by 10%; second, impact investment to account for 10% of total commercial investment; third, 10% of government budget to be used for impact investment. 



An inevitable result of the social finance is addressing problems encountered in development using financial means and commercial models. As the capital market has come to realize the importance of social responsibility, how to make capital a force for philanthropy will become the mainstream. Three 10% targets have been set for 2030 in impact investment: First, to increase the number of social enterprises by 10%; second, impact investment to account for 10% of total commercial investment; third, 10% of government budget to be used for impact investment. 


Build a social finance ecosphere and pay tribute to impact investment role models


The first Global Social Finance Forum & 2017 Social Impact Investing Summit was intended to exchange global experience, grasp future development trend, jointly plan for the future, build a cross-industry cooperation network, bring forth new action strategies and jointly address global challenges.


During the Summit, Sir Ronald Cohen who leads the Global Impact Investing Steering Committee, Heather Grady, Vice President of Rockefeller Philanthropy Advisors, Vineet Rai, Founder of the Aavishkaar-Intellecap Group, Xu Yongguang, Vice President of China Charity Federation, Shao Zhibao, Vice President of China Postal Savings Bank, and Wang Jianjun, General Manager of Shenzhen Stock Exchange, all delivered key-note speeches. They talked about impact investment in the United States, India and other countries as well as how to push social finance to a new level.



Apart from the main forum, five side forums were held on impact investing and philanthropy ecosphere building, focusing on inclusive finance and social impact bonds, strategic charity and social finance, patient capital and social enterprise, industry ecology and impact investment, as well as elderly care and child care industries. Dian Chunli, Secretary General of China Charity Fair, announced the 3rdbatch of accredited social enterprises in China. A total of 106 enterprises from 14 social sectors including elderly care, education, juvenile care, environment protection, accessibility and rural development were accredited social enterprises by China Charity Fair in 2017. He Jie, Deputy Director of the People’s Government of Futian District, delivered theOpinions on Building a Social Impact Investment Highland, saying the district aims to build itself into a highland for social impact investment which will lead the development of domestic and even world social impact investment and boost the building of a common community for mankind. 



The organizing committee of the Summit invited professionals to sort out impact investing cases across the world and after care deliberation decided on a special agenda to pay tributes to the institutions and individuals who have set examples in impact investing in the world. Wang Zhenyao, CGPI President, saluted Chinese role models in impact investing in his speech, paying tributes to eight institutions including Orient Landscape, Ant Financial Services, Elion, He Foundation and WeBank and five individuals including Shen Nanpeng and Liu Dongwen. He said these pioneers have pushed the boundaries to develop resources, combined financial investment with philanthropy in a strange twist of imagination and solved multiple social issues in an efficient way, upholding righteousness and reaping profit simultaneously. They have injected new dynamics for the sustainable social and economic development, ushering the world into an era of impact investment, he added. 


The organizing committee of the Summit invited professionals to sort out impact investing cases across the world and after care deliberation decided on a special agenda to pay tributes to the institutions and individuals who have set examples in impact investing in the world. Wang Zhenyao, CGPI President, saluted Chinese role models in impact investing in his speech, paying tributes to eight institutions including Orient Landscape, Ant Financial Services, Elion, He Foundation and WeBank and five individuals including Shen Nanpeng and Liu Dongwen. He said these pioneers have pushed the boundaries to develop resources, combined financial investment with philanthropy in a strange twist of imagination and solved multiple social issues in an efficient way, upholding righteousness and reaping profit simultaneously. They have injected new dynamics for the sustainable social and economic development, ushering the world into an era of impact investment, he added. 



Probe for action strategy;Xiangmi Lake Consensusreached


The first Global Social Finance Forum & 2017 Social Impact Investing Summit held by the side of Xiangmi Lake, Futian District of Shenzhen is an innovative and progressive global summit committed to cross-border and cooperative exchanges. It is also a joint action-oriented summit. CGPI, together with 77 enterprises, foundations, universities, and media, released theXiangmi Lake Consensus, which represents agreement on three aspects and exploring action strategies in four areas:



TheXiangmi Lake Consensusproposes solving social problems with commercial wisdom, insists on pursuing objectives with upright values on righteousness and profit, and advocates for respecting the value of people, stamping out discrimination and bias and taking social responsibility. It also points out that social, environmental and corporate governance issues should be taken into account in making investment decisions. Exploration is also made in action strategies, which involves establishing a social impact investment evaluation index system, convening a group of social entrepreneurs with a sense of mission, and developing a complete industry ecological system for social impact investment covering poverty alleviation, elderly care, safety education, environment protection and energy conservation. The Consensus is meant to bring forth extensive cooperative dialogue with governments of countries and regions across the world, build a global social impact investment platform, imbue more social values to monetary fortune, witness the return of capital and build a common community for mankind through joint efforts. 


TheXiangmi Lake Consensusproposes solving social problems with commercial wisdom, insists on pursuing objectives with upright values on righteousness and profit, and advocates for respecting the value of people, stamping out discrimination and bias and taking social responsibility. It also points out that social, environmental and corporate governance issues should be taken into account in making investment decisions. Exploration is also made in action strategies, which involves establishing a social impact investment evaluation index system, convening a group of social entrepreneurs with a sense of mission, and developing a complete industry ecological system for social impact investment covering poverty alleviation, elderly care, safety education, environment protection and energy conservation. The Consensus is meant to bring forth extensive cooperative dialogue with governments of countries and regions across the world, build a global social impact investment platform, imbue more social values to monetary fortune, witness the return of capital and build a common community for mankind through joint efforts. 



TheXiangmi Lake Consensusproposes solving social problems with commercial wisdom, insists on pursuing objectives with upright values on righteousness and profit, and advocates for respecting the value of people, stamping out discrimination and bias and taking social responsibility. It also points out that social, environmental and corporate governance issues should be taken into account in making investment decisions. Exploration is also made in action strategies, which involves establishing a social impact investment evaluation index system, convening a group of social entrepreneurs with a sense of mission, and developing a complete industry ecological system for social impact investment covering poverty alleviation, elderly care, safety education, environment protection and energy conservation. The Consensus is meant to bring forth extensive cooperative dialogue with governments of countries and regions across the world, build a global social impact investment platform, imbue more social values to monetary fortune, witness the return of capital and build a common community for mankind through joint efforts. 





分享到:

News and Events