“With this construction machine, I want to make a fresh start in life. I want to have my family come back.” In a hydraulic shovel yard near Huzhou, is a home to quarries in Zhejiang, China. Mr. Wang, who comes from a small farm village, was speaking of his dream after signing a lease contract that we provide, pushing his fingers through his dusty hair. The hydraulic shovel, which is used for stone breakage work, can be obtained only with the use of leasing companies, including the leasing company we manage.
Ever since when I was engaged with not-for-profit activities mainly in Asian nations, I have focused on the sustainable growth and development of Asian regions as the most important theme. Despite geographical closeness, Asian nations have a weaker bond in terms of public finance. I aspire to establish an economic bond and political cooperation with Asian nations through the buildup of financial platforms under public-private leadership.
Most recetly I handled the Small- and Medium-sized Enterprises (SME) finance in China and Saudi Arabia. In those countries, the money is, in general, stagnated in major banks and companies, and growth capital is not sufficiently flown to SME, which I believe to be the driving force of innovation and economic growth.
I have honed my professionalism through the handling of duties in the international finance field, mainly in the North America. As the director of two companies, I handled the raising of funds from major global financial institutions and designed the stochastic risk management system. My experience in the international capital markets is of great help to promote these locally-based financial services. With the full deployment of my expertise, I make an effort to deliver stable capital flow to enthusiastic self-made men in Asian countries.
On the other hand, I believe that it is not easy to fortify SME finance without leadership in the public sector and further academic advancement. For example, in many Asian countries, it is not allowed to pursue capital transactions freely due to strict governmental regulations in foreign direct investment and foreign debts. Although those restrictions were enacted after the lessons of the Asian financial crisis, politically affected excessive regulations result in failure to deliver enough growth funds to SME.
Another hindrance is the absence of risk management systems based on the public-private partnership, such as credit history database managed by governmental body and IT infrastructure for credit management developed by private enterprises. Leaders in this field need to have profound knowledge in political landscapes, international finance and risk management framework, in order to make an appropriate proposal regarding regulation, tax and public-private partnership initiatives to policy-makers and legions of experts.
I believe that practical cooperation among Asian nations in this regard will foster a more stable financial system and it will accelerate political unification in the near future.
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