As an integral part of the G20 Hangzhou Summit, B20 provides a significant platform for the international business community to participate in global economic governance and international economic and trade regulation. The B20 Summit was held on 3-4 September, 2016 in Hangzhou, China.

Sharing with G20 the theme of “Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy”, the B20 Summit focused on the key topics of “breaking a new path for growth”, “more effective and efficient global economic and financial governance”, “robust international trade and investment” and “inclusive and interconnected development” guiding the international business community to contribute suggestions geared towards strong, sustainable and balanced growth in the global economy. The B20 Summit consisted of an Opening Ceremony, a Plenary Session and a Closing Ceremony.

Some of G20 Leaders and heads of international organizations were invited to the B20 Summit and exchanged views with business delegates. About 800 people including the chairs, co-chairs, members, network partners and knowledge partners of B20 China taskforces, representatives of business associations, research institutes, well-known multinational enterprises, outstanding SMEs from G20 Members and guest countries participated in the summit.

September 2, 2016 Friday

Venue: Grand Ballroom, Azure Qiantang, a Luxury Collection Hotel

Welcome Reception

September 3, 2016 Saturday

Venue: Hangzhou Hall, Hangzhou International Convention Center

Opening Ceremony

B20 Policy Recommendations Paper Announcement

Tea Break

Panel 1: Breaking a New Path for Growth

Panel 2: More Effective and Efficient Global Economic and Financial Governance

B20 Summit Banquet

September 4, 2016 Sunday

Venue: Hangzhou Hall, Hangzhou International Convention Center

G20 Leadership: Engaging Partner’s Contribution

Panel 3: Robust International Trade and Investment

Dialogue I

Tea Break

Panel 4: Inclusive and Interconnected Development

Dialogue II

Closing Ceremony

September 05, 2016

Leaders from five countries – Argentina, South Africa, Turkey, Australia and Canada – as well as executives from major international organizations, including the International Monetary Fund, the World Bank, and the World Trade Organization, attended the summit and had discussions with business representatives. It shows that governments and international organizations attach great importance to and fully endorse the role of the B20, and intend to listen to the opinions of the international business community and garner insights and visions to promote international economic cooperation and stimulate progress in global economic governance.

This year’s B20 Summit was unprecedented in terms of scale, as it brought together representatives from governments, companies, think tanks and international organizations, including 812 from the business communities of 32 countries and regions and 26 international organizations. Among the participating companies, 142 were on the Fortune 500 list and 103 were among China’s top 500. Business communities worldwide want to take advantage of the B20 platform to facilitate in-depth communication and participation in global economic governance.

Moreover, the summit featured many events, including the opening ceremony, the release of the 2016 B20 Policy Recommendations to the G20, four special workshops, B20-G20 interaction meetings and the closing ceremony. During the special workshops, G20 leaders were invited to have face-to-face communication with representatives from the business community on priority economic issues. At the closing ceremony, China officially transferred the B20 presidency to Germany’s B20 team.

September 07, 2016

A welcome reception for the participants to the 2016 B20 Summit was held by the 2016 B20 Host Committee and the Zhejiang municipal government on the evening of September 2. About 800 people from renowned companies, business associations, international organizations and think tanks of G20 countries and guest countries attended.

Jiang Zengwei, the 2016 B20 Chair and Chairman of the China Council for the Promotion of International Trade (CCPIT) extended his warm welcome to Chinese and foreign participants to the B20 Summit.

Centering on the key issues in global economic development and the major concerns of various parties, the 2016 B20 has set six priorities – financing growth, trade and investment, infrastructure, SME development, employment and anti-corruption – and set up relevant taskforces containing more than 500 members. Furthermore, it has organized 50-plus special workshops and an anti-corruption forum. More than 3,900 business representatives, experts and scholars have participated in multiple discussions, exchanged ideas and views and made policy recommendations. Based on consensuses garnered from various communities, we have provided the 2016 Policy Recommendations to the G20, which consist of 20 policy recommendations and 76 specific measures. The fruitful work over the past year or so has laid a solid foundation for a successful B20 Summit, Jiang said.

Hangzhou Mayor Zhang Hongming also delivered a speech, extending a warm welcome to participants on behalf of the municipal government and citizens and wishing the 2016 B20 a great success.

Business leaders also expressed their hope that the 2016 B20 Summit would be successful.

Source: B20 China

Image: Fotosearch