HUAWEI Y9s Poised to Become another Y Series Bestseller in Pakistan

Building up on the success of HUAWEI Y9 Prime 2019, the HUAWEI Y9s offers a truly power packed experience and can be pre-ordered from Saturday, 30 November, 2019

The latest entrant of Huawei’s phenomenally successful Y Series, the HUAWEI Y9s was launched at a media gathering. Following the trend of delivering feature packed devices with stylish designs, the HUAWEI Y9s joins the series as yet another smartphone in the midrange segment that promises a breathtaking display and spectacular camera nestled in a powerful smartphone.

The HUAWEI Y9s delivers a truly immersive experience thanks to its power packed features like a 6.59-Inch FHD+ Ultra FullView Display, a true 48MP Triple AI Camera and 16MP pop-up AI front camera. The smartphone also comes with a 6GB RAM and 128GB storage (expandable to 512GB). This time around, Huawei has gone above and beyond to bring its flagship design and features to the HUAWEI Y9s such as a premium glass body in the Breathing Crystal variant. Pre-orders for the smartphone will begin from Saturday, 30 November and go till Friday, 06 December, 2019.

The celebrations kicked off early with an intimate lunch with product reviewers and Huawei Experience Ambassadors (HEA). After lunch, the guests were taken for a photo walk at Lahore Fort, Sheesh Mahal, Shah Burj Gate Picture Wall, Hazuri Baagh and Diwan-e-Aam. It was led by HEAs Amjad Nawaz, Areesh Zubair, Izzah Shaheen Malik, Mustafa Ali and Mavikh Azam where they put the 48MP Triple AI rear camera and 16MP Pop-up AI front camera to test. Various AI modes like Blue Sky, Ancient Building and Greenery were explored along with the 120^O Ultra Wide Angle & Macro modes. The location made for a perfect place to try different camera settings by the reviewers.

Back at the hotel, a live unboxing session for the HUAWEI Y9s was held with leading technology blogger Bilal Munir of VideoWaliSarkar and lifestyle influencer Amna Niazi of SiddySays. The main event began with a speech from Huawei’s Country Manager Mr. Scott Huang in which he shed light on the stellar performance of Huawei in Q3 2019. He said: “In Q3 2019, we clinched a market share of 18.6%, securing our position as the second biggest smartphone manufacturer in the world. Despite all the odds, our global smartphone shipments in 2019 have already crossed the 200 million mark by 22 October – a feat that we achieved 64 days earlier than in 2018.”

Speaking about the smartphone, he added: “The HUAWEI Y Series is a global consumer favourite – selling more than 200 million units globally over the last few years. Today, we are introducing a new member to the HUAWEI Y Series family, the HUAWEI Y9s. I am sure that upon the continuous love of our consumers for HUAWEI Y Series in Pakistan, it will be another top pick by them!”

The audience then witnessed a product presentation followed by an announcement by Mr. Faisal Malik, Director – Commercial at Daraz.pk who revealed the grand opening of Huawei’s Flagship Store on Daraz.pk on 30 November, 2019. People can also book their online pre-orders through Daraz.pk from 30 November to 06 December, 2019.

The launch event was a glitzy affair with many renowned media houses, influencers, technological bloggers, Huawei guests and Huawei Experience Ambassadors in attendance. The celebration concluded with dinner and an exclusive session with Mr. Scott where he addressed the media about Huawei’s future projects, its vision and current plans for the Pakistani market.

“Ethics is a key enabler of business sustainability, economic growth,” strong consensus among business, thought leaders

Renowned business and thought leaders gathered in Lahore to deliberate on the importance of ethics and trust in accelerating sustainable business growth in the country at an event jointly organised by ACCA (the Association of Chartered Certified Accountants), the British Deputy High Commission Karachi, Pakistan Business Council’s Centre of Excellence in Responsible Business (CERB) and CFA Society Pakistan.

The event featured numerous inspirational talks and powerful keynotes, including speeches by Senator Walid Iqbal, Dr. Amjad Saqib, Founder & CEO, Akhuwat Foundation, Paul Smith, CFA, Advisor, CFA Institute, Mike Nithavrianakis, British Deputy High Commissioner Karachi and Director Trade for Pakistan, Sajjad Syed, CEO, Excellence Delivered ExD Pvt Ltd, and Assad Hameed Khan, Head of Markets, ACCA Pakistan.

Speaking at the conference, prominent philanthropist and founder of Akhuwat, Dr Amjad Saqib emphasised that entrepreneurs play a crucial role in every society and business without ethics is simply an insult to public trust and counter to our universal values.

Senator Walid Iqbal delivered a passionate speech, explained the role that the corporate leaders and lawmakers need to play to promote ethical and sustainable business and deal with today’s ethical complexities, and inspired the audiences by connecting the topic with Iqbal’s economic philosophy and teachings.

The event also hosted a thought-provoking panel conversation ‘Ethics & Professionalism in the Workplace – A View from the Industry’ with contributions from Arif Masud Mirza FCCA, Regional Head of Policy, ACCA, Fuad Hashimi, Executive Director, Pakistan Business Council’s Centre of Excellence in Responsible Business (CERB), Fatima Asad Said, Board Member and Chairperson HR Board Committee, Abacus Consulting, Mohammad Shoaib, CFA, Chief Executive Officer, Al Meezan Investment Management Limited, Farid Ahmed Khan, CFA, Chief Executive Officer, FINCA Microfinance Bank Ltd., Jawad Saleem, Chief Financial Officer, Outfitters Stores, and Javaria Malik, Director Marketing and Communications, ICMA Pakistan.

The event in Lahore marked the end of annual celebrations of Global Ethics Day in Pakistan jointly convened by ACCA (the Association of Chartered Certified Accountants), the British Deputy High Commission Karachi, Pakistan Business Council’s Centre of Excellence in Responsible Business (CERB) and CFA Society Pakistan.

Previously, ACCA with other partners, held successful corporate conferences in Karachi and Islamabad exploring the role of ethics in today’s world of increasing automation and digitisation with participation from corporate leaders, prominent policy makers and influential thought leaders.

Global Ethics Day is an annual, international day dedicated to exploring the role of ethics in today’s world. Founded by the Carnegie Council, organisations are encouraged to hold programmes focusing on ethics, such as lectures, film screenings, debates, panel discussions, or activities to protect the environment.

realme’s one of the best-selling device of the year realme 5 4GB RAM + 128 GB ROM variant is now available at Rs. 27,999

realme's upward trajectory in Pakistan has been phenomenal since the brand's entry last year, realme has been aggressive in its approach, launching successful budget to mid-range smartphones with an attractive spec sheet and affordable pricing. realme has made a name for itself by selling smartphones with powerful hardware at prices aggressive enough to go up against its competitors. The company recently launched the Realme 5 series it did manage to shake the industry up. Owing enormous love of real fans for the device company is now offering 4GB RAM and 128GB ROM variant of realme at Rs. 27,999.

realme 5 is Pakistan’s first Snapdragon 665 based mobile device. The realme 5 series have is equipped with fireproof protective separation and triple precautions to guarantee battery safety. realme 5 is available in two new colors - Crystal Blue and Crystal Purple. Realme 5 features a 6.5-inch HD+ Mini-drop Full Screen display, which gives a larger field of view, provides excellent gaming, audio and video experience. With realme 5, the company has enhanced its diamond-cut design with holographic color and reflecting texture. It packs a brand-new image experience with an AI quad camera setup –  119° ultra wide-angle lens (8MP), main camera (12MP), portrait lens (2MP) and ultra macro lens (2MP), as well as an AI front camera (13MP). With a massive 5000 mAH battery for enjoying extra-long entertainment experience, realme 5 runs on Android 9.0 ColorOS 6.0 operating system and is available in 3 variants - 3+64GB priced at PKR 23,999 , 4+64GB priced at PKR 25,999 and 4+128GB will be now available in offline market at price point of PKR 27,999.

Since its entry into the Pakistani market less than 11 months ago, realme powered by Oppo, has already launched 8 products across different price segments from premium flagships to trendy mid-rangers, all designed particularly for the youth. They are also gearing up for the launch of their next products in the classic realme series in the coming months. realme is proving it has planned an even steeper growth trajectory than its parent company through a targeted focus on the youth.

ACCA supports women entrepreneurs in South Punjab

ACCA partnered with the Women Economic Empowerment Network for the WEEN Summit 2019 in Multan to bring together trailblazing women entrepreneurs and provide opportunities to inspire, network, collaborate, seek support, and launch new initiatives.

At the summit, ACCA Member, Khawaja Mohsin delivered an insightful presentation on how to enable women entrepreneurship in the country and explained how ACCA is helping Women in Finance reach their career goals.

The major outcomes of the summit included the launch of wehub.pk, Pakistan's most comprehensive information and business portal for women entrepreneurs, formulation of WECON Movement Multan Chapter, and the launch of Women Entrepreneurs and Leaders Program, South Punjab's first entrepreneurial programme focused on female youth and women.

“ACCA has always been an inclusive professional body and we strongly advocate for gender diversity globally. We believe that it’s every organisation’s responsibility to support diversity, and to review the way they support and open up opportunities to women – and all under-represented groups in the country. By ensuring that the women entrepreneurs are supported and encouraged, we can improve economic opportunities for our people.” – Sajjeed Aslam, head of ACCA Pakistan

“The accounting profession in Pakistan is committed to improving the workplace experience and progression prospects for women. We need to keep working together on a true, concerted effort to acknowledge long-standing issues, rectify them, and bring about change that creates balance.”

The event featured contributions from leading women business leaders and policy makers, including Shandana Gulzar Khan, Chairperson, Commonwealth Women Parliamentarians.

Opportunity and diversity are two of ACCA’s five core values, and it was established specifically to open up the profession to people of all backgrounds, based solely on their ability. ACCA is in a strong position when it comes to gender balance – its membership has a 50/50 gender split, and the Council and executive team are also balanced in terms of men and women.

ACCA (The Association of Chartered Certified Accountants), Nutshell Conferences and IBM joined forces for a thought-provoking and future-focused conference ‘Strategy Summit 2019

ACCA (The Association of Chartered Certified Accountants), Nutshell Conferences and IBM joined forces for a thought-provoking and future-focused conference ‘Strategy Summit 2019’ in Karachi addressing tomorrow's skills and jobs challenges through the prism of digitalisation, SDGs & Future of work. 

In her interactive keynote, ACCA's Global Head of L&D, Juliet Szabo-Merridew, set the scene, saying: “It is imperative to understand the impact of artificial intelligence and other digital technologies on employment, as well as current and future labour market demand. And of course to take the appropriate actions to re-skill and up-skill the current workforce, and make sure the skills of the young generations in countries like Pakistan are future-proof”.

“This is what ACCA does, by equipping our students and members with the real-world skills and expertise needed to make an immediate impact in all types of organisation. This includes a digital and technology research programme - comprising our latest research on Machine Learning-  which explains its tremendous opportunities, but also why ethical judgment and emotional intelligence remain vital”, Juliet Szabo-Merridew, added.

All speakers agreed that to shift mind-sets, this must be a collective effort. Policy makers, youth organisations, individuals, employers, education providers, civil society, all need to think how to develop the professional skills needed in this changing world, also going beyond technical knowledge.

Sajjeed Aslam, head of ACCA Pakistan moderated a high-level panel discussion exploring the future of leadership and discussed how to develop the strategic business leaders the world needs. The discussion featured contributions from Robert Nicholas, Regional Managing Director Middle East Africa, 3M, Carol J. Ariano, Vice President Human Resources, Aga Khan University, and Stuart Dunlop, Regional Director Middle East & South Asia, ACCA.

“However, as we also need to promote sustainable growth, this requires certain conditions to make the most of it, such as developing new digital skills, integrated in education systems. It is also crucial that the existing workforce is trained and re-trained, as technology is changing much faster than our education systems. We shouldn’t forget the workforce that needs support, especially when it comes to precarious forms of employment”, Sajjeed Aslam explained.

Anticipation of future skills needs plays an important role, as well as flexible ways of learning, including on the job training. Vocational Education and Training (VET) is a good way to develop initial, labour market relevant skills, but also to up-skill and re-skill later in life. Speakers reminded the need to address both low and high end of skills distribution, as the major portion of current labour force in Pakistan has no or almost no digital skills, and agreed that the important question is how to motivate people to participate in lifelong learning and how to balance the responsibility between the public and private sectors and also the individuals.

“Both the public and private sectors have important roles to play in assisting workers as they transition to the digital economy, expanding opportunities to reach a bigger pool of skilled workers, and preparing the next generation for the jobs that software creates in various industries,” said Stuart Dunlop, Regional Director Middle East & South Asia, ACCA.

Other prominent conversation leaders included Muhamamd Azfar Ahsan, Founding CEO, Nutshell Conferences, Patchamuthu Illangovan, Country Director South Asia Region, The World Bank, Prof. Sohail Inayatullah, UNESCO Chair in Future Studies at UNESCO & USIM, James Michael Lafferty, Olympic Coach, Author, Philanthropist & Speaker, Charbel Antonios, IBM Storage Sales Manager Middle East Pakistan, Paul Keijzer, CEO, The Talent Games, Ron Thomas, Managing Director, Strategy Focus Group, Eva Mourino Busllo, SVP Human Resources, Siemens Middle East, and y Lesego Judith Sennelo, Founder & Managing Director, Gosele Advisory Services, South Africa.

ACCA was the exclusive Knowledge Partner at the conference and the conversations at the event were powered by ACCA’s award-winning Professional Insights.

realme launches a new 3GB+64GB variant of C2 device

realme's upward trajectory in Pakistan has been phenomenal since the brand's entry last year, realme has been aggressive in its approach, launching successful budget to mid-range smartphones with an attractive spec sheet and affordable pricing. realme has made a name for itself by selling smartphones with powerful hardware at prices aggressive enough to go up against its competitors. The company recently launched the Realme 5 series and the flagship realme XT and it did manage to shake the industry up. Now, the company is looking at the lower end of the market by bringing in the upgrade to the Realme C2 with new 3GB + 64GB variant at Rs. 21,999 and special discount of Rs. 2000 on the best-selling realme 5 4GB+128GB variant which will be now available at Rs. 29,999.

realme C2

Taking a leap on entry level smartphone series Realme has launched a new storage variant of the realme C2, which comes with 64GB of inbuilt storage paired with 3GB of RAM. The price of this variant is Rs. 21,999 and will be available in the offline market from November 8, 2019.The Realme C2 has so far been available in only two memory configurations – 2GB+16GB and 2GB+32GB in diamond black and blue colours.

The realme C2 is well designed and has a diamond-cut pattern on the back that makes it look premium. The phone is compact and feels comfortable to hold in the hand. It has a dual camera setup at the back which consists of a 13-megapixel primary camera and a 2-megapixel depth sensor. Powering the smartphone is a MediaTek Helio P22 SoC and comes in two variants- 2GB RAM with 16GB storage, and 3GB RAM with 32GB of storage. Realme has packed in a 4000mAh battery which delivers very good battery life. The supplied 10W charger is also quick enough to top the battery up.

realme 5

Big festive sales ahead in November. Realme has also announced exciting discount on the best seller budget hero smartphone Realme 5. The new price of realme 5 4GB+128GB variant will be 29,999.

realme 5 is Pakistan’s first Snapdragon 665 based mobile device. The realme 5 series have also been equipped with fireproof protective separation and triple precautions to guarantee battery safety. realme 5 is available in two new colors - Crystal Blue and Crystal Purple. Realme 5 features a 6.5-inch HD+ Mini-drop Full Screen display, which gives a larger field of view, provides excellent gaming, audio and video experience. With realme 5, the company has enhanced its diamond-cut design with holographic color and reflecting texture. It packs a brand-new image experience with an AI quad camera setup –  119° ultra wide-angle lens (8MP), main camera (12MP), portrait lens (2MP) and ultra macro lens (2MP), as well as an AI front camera (13MP). With a massive 5000 mAH battery for enjoying extra-long entertainment experience, realme 5 runs on Android 9.0 ColorOS 6.0 operating system and is available in 3 variants - 3+64GB priced at PKR 23,999 , 4+64GB priced at PKR 25,999 and 4+128GB will be now available in offline market at price point of PKR 29,999 from November 7, 2019.

Government must have legal framework in place for small businesses to flourish, meet the needs of a modern economy

The professional body for accountants ACCA (the Association of Chartered Certified Accountants) is asking whether businesses and policymakers in Pakistan are compromising the performance of small business in a new report called 'Building the legal framework to help business succeed'.

Whether through over-familiarity or lack of awareness, there’s a risk a key ingredient in the formula for success is being overlooked – the legal form through which businesses operate.

The report calls on government to put legal structures in place, so that all businesses can thrive and benefit from the support mechanisms available. It explores the following four key elements entrepreneurs and policymakers must consider:

Realising the returns: Success can mean different things to different businesses. The founder’s goals can range from financial security to ‘giving something back’, and increasingly entrepreneurs are looking to be measured on social and environmental goals alongside the monetary returns.

Investing into the business: regardless of the owners’ final aims, every business needs investment, and most will need more than the founders have saved. How that money is raised, and who from, will have wider implications for the rest of society. As technology changes the ways that can happen, regulators must adapt to new structures.

Legal characteristics and regulation: The defining legal characteristic of a business form will be whether the business has a separate legal identity from its owner. Who makes the business decisions, who will be liable if things go wrong, and for how much, are vital considerations for those in the business and anyone who might buy from, sell to or be employed by it. The frameworks need to be effective, efficient and trusted.

Administrative requirements: Aspiring entrepreneurs are often most concerned about the ease of starting up and the burdens of registration and the like. Advisers and existing business owners tend to be more concerned about the long term running costs of annual filings and reporting requirements. Policymakers though must address both, striking a balance between rigour and efficiency.

Sajjeed Aslam, head of ACCA Pakistan says:

‘Small businesses are the lifeblood of society in Pakistan, creating and sharing wealth at a local level. It is vital the health and sustainability of all that the right legal frameworks exist to enable every business to flourish. Building trust and managing risk are key elements in enforcing a secure environment for entrepreneurs, investors and customers alike.

‘Lawmakers must ensure the legal forms available reflect the needs of a modern economy. The roots of existing forms can be traced back hundreds of years, and while the concepts of trust and economic growth haven’t changed, the way we do it has changed beyond all recognition, and the pace of that change is accelerating. Having the right businesses operating helps governments in two ways: by deepening the pool of talent for procurement purposes and by providing social support and social benefits that the state might otherwise have to fund directly.

‘It is vital that government can encourage, protect and regulate effectively the talents as well as resources needed by businesses.’

This report builds on ACCA’s existing body of guidance for members. In addition to drawing on

these previous publications, ACCA undertook a desktop survey of available business forms in nine jurisdictions (UK, Ireland, India, Pakistan, China, Singapore, Malaysia, Nigeria and Hong Kong), analysing the key features under four main themes: realising the returns; investing into the business; legal characteristics; and administrative requirements.

The report can be found on ACCA’s website: https://www.accaglobal.com/content/dam/ACCA_Global/professional-insights/business-forms/pi-business-forms-part3.pdf

64MP Quad camera beast realme XT completely sold out within 48 hours

realme the fastest growing mobile brand in Pakistan launched their most premium X series in a star studded launch event and Realme XT the hero product of the line was unveiled boosting a 64 MP camera, super Amoled display and a lightning fast processor, equipped with VOOC fast charging.

Realme XT is the company's first phone that comes equipped with a 64-megapixel rear camera which employs Samsung's ISOCELL GW1 sensor. The phone is powered by the octa-core Qualcomm Snapdragon 712 processor, paired with up to 8GB of RAM and 128GB of internal storage that is further expandable up to 256GB.

The device was received so well that it’s already sold out in the market within two days of its arrival.

Realme delivered on the promise of bringing not only the latest technology with its 64 MP imaging software and the latest Qualcomm processor, snapdragon 712AIE but also the promise of giving the most premium and high end specifications in a budget price.

All of this device’s features are top of the line like its super AMOLED display , VOOC charging and its extremely large 8+128 GB storage option but the device has still been kept under 55k which is remarkable and the main reason for its hot sale.

Apart from the 64 MP camera, the large RAM ROM, quad camera setup, fast charging and premium display set it apart from other 64 MP challengers in the market making it much more than a camera phone but an actual all around high end companion that’s beautiful to hold and use but all in a friendly price for the youth.

Since its entry into the Pakistani market less than 9 months ago, realme powered by Oppo, has already launched 8 products across different price segments from premium flagships to trendy mid-rangers, all designed particularly for the youth. They are also gearing up for the launch of their next products in the classic realme series in the coming months. realme is proving it has planned an even steeper growth trajectory than its parent company through a targeted focus on the youth.

ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses

The next generation of China’s corporate global giants

ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future growth.

Together with the Shenzhen Finance Institute, ACCA has conducted in-depth research of nearly 3,000 private enterprises listed in China and overseas.

The research stems from 11 specially designed diverse indicators, with five of these measuring the companies’ historical performance and six predicting their future growth. These factors include the company’s size, growth, profitability, innovativeness, level of internationalisation, and media coverage.

Sajjeed Aslam, head of ACCA Pakistan says: ‘ACCA has been monitoring China’s rising corporates and businesses, with an original report in 2014, followed by further analysis in 2016. What’s clear across all reports is the aspiration to go global, with many Chinese firms already doing so. This most recent report indicates that many of these businesses will become China’s next generation of global corporations over the next few years if they continue on their current trajectories. Businesses in Pakistan need to learn from these examples of accelerated business growth and should explore opportunities to build partnerships with them to jumpstart their own global expansion.’

Key findings include:

Internet: More high-tech enterprises have evolved into the leaders of China’s future economic growth. Among the Top 100 companies, 42 companies are engaged in the computer and internet-related sectors. Since the 2016 ranking, the number of internet enterprises has increased by 50%.

Diversity: China’s future giants represent a fairly diverse range of industries. Those listed overseas tend to be involved in the internet, software development and other related sectors. The seven companies which are listed on the Hong Kong Stock Exchange (HKEX) are in the manufacturing, medicine and internet sectors.

Highest performers: The companies with the best overall rankings had better scores than other companies for corporate scale, growth, cash flow, overseas strategy and media coverage.

Common features: Despite not being widely-known internationally, the top-ranked enterprises have had a relatively rapid growth and support innovative development with a long-term vision and international strategy, enjoying positive media coverage and having a strong focus on R&D.

The report also profiles three companies as case studies:

1)    Sunway Communication started out as a supplier of mobile device antennas in 2006 and is now a big player among global suppliers, with its focus on maintaining an technological edge, achieving organic growth, pursuit of long-term goals and grasping the best moment to become involved in the new technologies.

2)    Autohome Inc began life as a traditional media company in 2005 and is undergoing a successful evolution into the world’s most-visited car website. Even with the decline in growth and fierce competition in China’s current automobile market, Autohome was able to outperform its benchmark and recorded a 39% year-on-year growth in net profit.

3)    Aier Eye Hospital is a leader in ophthalmology with significant growth, offering various types of diagnosis and treatment, surgery and optometry services, with a network spread across mainland China, Hong Kong SAR of China, Europe and the US. The chain has treated almost 6 million patients in over 560,000 surgeries. Among all the companies ranked earnings Aier Eye Hospital achieved the highest scores in earnings quality and cash flow among all the companies ranked.

To increase understanding of the impact of China’s Belt and Road Initiative, ACCA is actively collaborating with a range of strategic partners, working together to explore and define the opportunities and challenges facing countries and businesses along the routes, with special focus on the China-Pakistan Economic Corridor (CPEC).

ACCA publishes a wide range of Belt and Road focused research and insights to support its members who are already working and supporting BRI projects.

The next generation of China’s corporate global giants

ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future growth.

Together with the Shenzhen Finance Institute, ACCA has conducted in-depth research of nearly 3,000 private enterprises listed in China and overseas.

The research stems from 11 specially designed diverse indicators, with five of these measuring the companies’ historical performance and six predicting their future growth. These factors include the company’s size, growth, profitability, innovativeness, level of internationalisation, and media coverage.

Sajjeed Aslam, head of ACCA Pakistan says: ‘ACCA has been monitoring China’s rising corporates and businesses, with an original report in 2014, followed by further analysis in 2016. What’s clear across all reports is the aspiration to go global, with many Chinese firms already doing so. This most recent report indicates that many of these businesses will become China’s next generation of global corporations over the next few years if they continue on their current trajectories. Businesses in Pakistan need to learn from these examples of accelerated business growth and should explore opportunities to build partnerships with them to jumpstart their own global expansion.’

Key findings include:

Internet: More high-tech enterprises have evolved into the leaders of China’s future economic growth. Among the Top 100 companies, 42 companies are engaged in the computer and internet-related sectors. Since the 2016 ranking, the number of internet enterprises has increased by 50%.

Diversity: China’s future giants represent a fairly diverse range of industries. Those listed overseas tend to be involved in the internet, software development and other related sectors. The seven companies which are listed on the Hong Kong Stock Exchange (HKEX) are in the manufacturing, medicine and internet sectors.

Highest performers: The companies with the best overall rankings had better scores than other companies for corporate scale, growth, cash flow, overseas strategy and media coverage.

Common features: Despite not being widely-known internationally, the top-ranked enterprises have had a relatively rapid growth and support innovative development with a long-term vision and international strategy, enjoying positive media coverage and having a strong focus on R&D.

The report also profiles three companies as case studies:

1)    Sunway Communication started out as a supplier of mobile device antennas in 2006 and is now a big player among global suppliers, with its focus on maintaining an technological edge, achieving organic growth, pursuit of long-term goals and grasping the best moment toThe next generation of China’s corporate global giants

ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future growth.

Together with the Shenzhen Finance Institute, ACCA has conducted in-depth research of nearly 3,000 private enterprises listed in China and overseas.

The research stems from 11 specially designed diverse indicators, with five of these measuring the companies’ historical performance and six predicting their future growth. These factors include the company’s size, growth, profitability, innovativeness, level of internationalisation, and media coverage.

Sajjeed Aslam, head of ACCA Pakistan says: ‘ACCA has been monitoring China’s rising corporates and businesses, with an original report in 2014, followed by further analysis in 2016. What’s clear across all reports is the aspiration to go global, with many Chinese firms already doing so. This most recent report indicates that many of these businesses will become China’s next generation of global corporations over the next few years if they continue on their current trajectories. Businesses in Pakistan need to learn from these examples of accelerated business growth and should explore opportunities to build partnerships with them to jumpstart their own global expansion.’

Key findings include:

Internet: More high-tech enterprises have evolved into the leaders of China’s future economic growth. Among the Top 100 companies, 42 companies are engaged in the computer and internet-related sectors. Since the 2016 ranking, the number of internet enterprises has increased by 50%.

Diversity: China’s future giants represent a fairly diverse range of industries. Those listed overseas tend to be involved in the internet, software development and other related sectors. The seven companies which are listed on the Hong Kong Stock Exchange (HKEX) are in the manufacturing, medicine and internet sectors.

Highest performers: The companies with the best overall rankings had better scores than other companies for corporate scale, growth, cash flow, overseas strategy and media coverage.

Common features: Despite not being widely-known internationally, the top-ranked enterprises have had a relatively rapid growth and support innovative development with a long-term vision and international strategy, enjoying positive media coverage and having a strong focus on R&D.

The report also profiles three companies as case studies:

1)    Sunway Communication started out as a supplier of mobile device antennas in 2006 and is now a big player among global suppliers, with its focus on maintaining an technological edge, achieving organic growth, pursuit of long-term goals and grasping the best moment to become involved in the new technologies.

2)    Autohome Inc began life as a traditional media company in 2005 and is undergoing a successful evolution into the world’s most-visited car website. Even with the decline in growth and fierce competition in China’s current automobile market, Autohome was able to outperform its benchmark and recorded a 39% year-on-year growth in net profit.

3)    Aier Eye Hospital is a leader in ophthalmology with significant growth, offering various types of diagnosis and treatment, surgery and optometry services, with a network spread across mainland China, Hong Kong SAR of China, Europe and the US. The chain has treated almost 6 million patients in over 560,000 surgeries. Among all the companies ranked earnings Aier Eye Hospital achieved the highest scores in earnings quality and cash flow among all the companies ranked.

To increase understanding of the impact of China’s Belt and Road Initiative, ACCA is actively collaborating with a range of strategic partners, working together to explore and define the opportunities and challenges facing countries and businesses along the routes, with special focus on the China-Pakistan Economic Corridor (CPEC).

ACCA publishes a wide range of Belt and Road focused research and insights to support its members who are already working and supporting BRI projects.become involved in the new technologies.

2)    Autohome Inc began life as a traditional media company in 2005 and is undergoing a successful evolution into the world’s most-visited car website. Even with the decline in growth and fierce competition in China’s current automobile market, Autohome was able to outperform its benchmark and recorded a 39% year-on-year growth in net profit.

3)    Aier Eye Hospital is a leader in ophthalmology with significant growth, offering various types of diagnosis and treatment, surgery and optometry services, with a network spread across mainland China, Hong Kong SAR of China, Europe and the US. The chain has treated almost 6 million patients in over 560,000 surgeries. Among all the companies ranked earnings Aier Eye Hospital achieved the highest scores in earnings quality and cash flow among all the companies ranked.

To increase understanding of the impact of China’s Belt and Road Initiative, ACCA is actively collaborating with a range of strategic partners, working together to explore and define the opportunities and challenges facing countries and businesses along the routes, with special focus on the China-Pakistan Economic Corridor (CPEC).

ACCA publishes a wide range of Belt and Road focused research and insights to support its members who are already working and supporting BRI projects.