Contents -- Conference Highlights Speech by Guest-of-Honour President, Singapore Chinese Chamber of Commerce and Industry Mr. Chua Thian Poh -- Preface Secretary, Nanyang Technological University, Anthony Teo and Director, Lien Chinese Enterprise Research Centre, Associate Professor Tan Teng-Kee -- Keynote Speeches -- Competitiveness of Chinese Enterprises in the Global Era Weiying Zhang -- China's Gradual Economic Reform in Light of Income and Wealth Distribution Renwei Zhao -- Teaching Technopreneurship to Mandarin Classes: Some Early Results Charles Hampden-Turner -- Research Papers -- Session 1 Global Competitiveness for Chinese Companies -- A Study on the Development of Global Competency Leadership Shuming Zhao -- Introduction -- What is Global Competency Leadership? -- The Internationalization of Chinese Enterprises and the Development of Global Competency Leadership -- The challenges facing Chinese companies going global -- The key issues in the development of global competency leaders for Chinese companies -- The Practice of Global Competency Leadership Development -- The approaches of developing global competency leadership -- The main contents of global competency leadership development -- Language ability training -- Professional ability training -- Cross-cultural training -- Global vision training -- Conclusion -- References -- Beware the Penrose Effect on High-Growth Enterprises: A Study on Controlling the Rate of Enterprise Growth Xiaoming Xu and Yongmei Zhang -- Penrose Effect during Enterprises Growth Content of Penrose effect -- Penrose effect infl icts a signifi cant impact on large-scale enterprises -- Empirical test of Penrose effect -- Theoretical Analysis of Failure of Fast-growing Enterprises -- The impetus of expansion -- The binding effect of management resource -- The Necessity of Controlling the Growth Rate.

Proposals on Growth Rate Controls -- Maintain a growth rate of management capacity higher than that of expansion -- Cultivating internal management teams -- Entrepreneurship: The need to transition from the non-rational to the rational phase -- Strengthen the construction of the professional managers markets -- Conclusion -- References -- Labor Relations Under China's Mixed Economy Tiande Li and Ruiqin Zhang -- Introduction -- Defi nition of labor relations -- Conflicting labor relations vs harmonious labor relations -- Status Quo of Labor Relation in China's Multi-ownership Economy Actions of public-owned and private enterprises tend to be similar -- Problems of labor relation in China's mixed ownership economy -- Reasons of Labor Confl icts in China's Mixed Economy -- Ways to Solve Labor Confl ict Problems in Enterprises of China -- References -- China's Strategy in Acquiring Oil, Gas and Other Energy Resources: A Study of Impact on FDI Sikander Khan -- Introduction -- Research Questions -- Research Methodology -- Results -- China's current situation regarding domestic energy resources -- China's current non-renewable energy sources (fossil) -- The demand for oil in China -- What measures are taken to energy effi ciency, save energy and develop alternative energy resources? -- What is China doing internationally to obtain new energy resources and how are these energy resources being transported to China? -- How is FDI to China affected due to shortage of energy and strategic industrial raw materials? -- Recommendations to Foreign Companies in China and Long-term Implications for the Development of Chinese High-tech Industry Recommendations to foreign companies in China -- Recommendations to Chinese policy makers -- References -- Glossary.

Innovations in Cultural Integration: The Experience of Chinese Enterprises in Cross-National Mergers and Acquisitions - A case study of Northeast Hengli Company's attempts at reducing cultural risks through the forging of a common identity Dongbin Lu -- Introduction -- The Status Quo of Researches on Cultural Integration in Cross-national M&A -- The Selection of Integration Models of Cross-national M&A -- The Innovation of Hengli on the Cultural Integration in Cross-national M&A -- Basis of innovation: Risk identifi cation -- Innovation in way of thinking: Enhancing identifi cation -- The implementation: Getting a good grasp of procedures -- Integration of performance: Multi-effects -- Conclusions and Discussion -- References -- The Composition and Role of Family Boards in Chinese Businesses: A Business Cultural Perspective Lin Guo -- Introduction -- Literature Review -- Board composition and role -- Family Business Culture and Board Composition and Role -- Research Design -- Analysis and Results -- Family culture and board composition -- Family business culture and board role -- Conclusions and Implications -- References -- Attaining Corporate Competitiveness Through Soft Power Jinfa Xu, Jian Du and Tao Jiang -- Power and Soft Power -- Enterprise Soft Power -- The Mechanism of Soft Power -- Corporation Soft Power and Competitiveness -- References -- A Study on Excessive Competition of Chinese State-Owned Duopoly Enterprises Cases of China Telecom and China Netcom Qingsheng Wu and Rui Bao -- Introduction -- Model and Methodology Decision and profi t analysis -- Analysis for social welfare -- Discussion about the effectiveness of competition -- Empirical Analysis -- Conclusion -- Reference -- Competitiveness of China's Food Exports: An Empirical Analysis Xing Zhou and Yanping Fan (Bruce) -- Introduction.

Part I. Analysis of Trends in the Competitiveness of China Food Exports -- Selection of competitiveness index -- Analysis of statistical indices -- Part II. Accounting for Declining Competitiveness of China's Food Exports -- Gradual worsening agricultural ecological environment, affecting the developmental prospects of the industry -- The overall level of development for food industry is low -- sustainable development lacks follow-through -- Government Control System lacks effi ciency and a scientifi c approach -- International market is encountering "intangible" trade barrier -- Part III. The Countermeasures and Suggestions to Improve China Export Food Competitiveness -- Actively push for the implementation of an international food safety management system -- Keeping up with changes in international standards in a timely fashion, advocate for greater use of international standards in technical and environmental issues -- Improve communication between domestic supervisory departments, reforming the mode of supervisory inspection -- More R&D investment, raise the overall quality of food products -- References -- Session 2 Financial Market and Capital Market -- Corporate Restructuring Function of Stock Markets: Key Developmental Proprosals for the Chinese Course Yunshi Mao, Sidan Wu and Yuexin Jiang -- Introduction -- Corporate Restructuring Function in Chinese Stock Market -- Innovations of the Stock Market and the Mechanism of FCR Innovations of the stock market in FCR -- Mechanism of stock market in FCR -- Institutional Comparisons between the United States and Japanese Stock Markets in FCR -- The superior effi ciency of the stock market in United States drives corporate restructuring -- The motive of FCR is lacked in Japanese market -- Suggestions for Reinforcing the FCR Function of Stock Market -- Enhancing supervision and institutionalization.

ensuring proper fi nancing activities on the stock market -- Directing the market by reinforcing, restructuring and by increasing the multitude of restructuring means -- Uncompromisingly opposing, punishing and eliminating nonessential restructuring -- Further improving corporate governance framework -- Effectively exerting the function of institutional investors in the stock market -- Conclusion -- References -- An Empirical Study on the Long-term Dynamic Adjustment of Firms' Capital Structure in China Zhiqiang Wang and Yixun Hong -- Introduction -- Research Design -- Methodology -- Data -- Empirical Models and Analysis -- Predicting target capital structure -- Contemporaneous effects test -- Sustainable effects test -- Reverse effects test -- Robustness Test -- Conclusion -- References -- How Chinese City Commercial Banks May Compete With Overseas Banks Dongsheng Wang -- A Key Developmental Problem -- Favorable fi nancial position but weak ability to generate profi ts -- The sole business model did not change -- Improved asset quality, but the non-performing loan rate remained high -- As the service scale expands, the commercial banks are facing pressures to supplement levels of capital -- The city commercial bank still has lots of problems in management systems, internal control, risk management and so on -- Service variety and business region are restricted by our country's fi nance policy -- Staff quality is in need of improvement -- Improve city commercial banks' organizational structure, promote transformation of its management system -- Promote the fi nancial service innovation -- enhance competitive power of the city bank -- Establish the persistent effect mechanism for the maintenance of capital suffi ciency -- Establish comprehensive risk management system.

Work hard to introduce and develop professionals, and establish a "people oriented" human resource management mechanism.