Jim Rogers, the co-founder of Quantum Fund, aka international investment guru, visited Sanpower Group on the morning of August 26, and held a scintillating talk with Chairman of the Group Yuan Yafei on “the industrial turnaround of China’s enterprises and international investment”. Vice President of Sanpower Group Yue Lei and Vice President Wu Gang accompanied Yuan Yafei through the reception.

Since 2014, Sanpower Group has launched a series of overseas acquisitions, thereby becoming a typical representative of China’s private enterprises that “go global”. Founded in Nanjing in 1993, Sanpower Group has established itself as a multi-national conglomerate whose core business engagements are within the technology and modern service industries. Sanpower Group offers a singular global platform for its five primary subsidiary investment sector-groups: Finance & Investment, Retail & Trading, Information Services, Medical & Health Care, and Real Estate. In the recently released “China’s Top 500 Enterprises” and “China’s Top 500 Private Enterprises” 2015, the Group ranks 160th and 21st respectively.

In the showroom of Sanpower Group, Jim Rogers learned about the industries of Sanpower and its overseas M&A activities. Rogers noted that he had heard about Sanpower Group many times before he came, and that he was also familiar with House of Fraser and Brookstone. Therefore, he hoped to have the opportunity to invest in China’s capital market and overseas projects with Sanpower in the future.

Subsequently, Jim Rogers and Yuan Yafei attended the Thinker forum hosted by Xinhua Net in Sanpower Group headquarters, where they were interviewed by the media of Jiangsu and shared their innovative investment logic and unique investment perspectives, as well as their views of China’s capital market and industrial development.

Rogers identified with Sanpower’s corporate culture of “kindness” and “introspection”, proclaiming that only kindness can attract customers, consumers and the general public, while introspection is the constant propulsion for one’s development. Both are the basic principle of conducting oneself.

Keeping an eye on China’s economy for years, Rogers claimed that the rise of China and the “One Belt, One Road” initiative will change the current economic, social, historical and geographical environment. He was convinced that Sanpower Group will play a wider role in the “One Belt, One Road” initiative.

As regards overseas M&A activities, Yuan Yafei said that Sanpower Group has attracted elites from around the world’s prestigious universities, making overseas acquisitions less difficult. After the acquisitions, Sanpower has laid more emphasis on synergy than integration, so as to properly handle the managerial and cultural differences with the acquired companies.

Against the backdrop of China’s recent stock market crash, Yuan Yafei explained that the fluctuations of stock market are normal, for which confidence is pivotal. To have confidence in the stock price is also the Internet thinking, which, differing diametrically with the traditional thinking, benefits the industries a lot.

Rogers noted that he would not buy any stock for the time being. As an investment guru, Rogers recommended average investors to learn about what is happening around the world and only to invest in fields that they are familiar with. When it came to his own investment in China, Rogers will focus on the industries that are supported and encouraged by the authorities.

In terms of the power of thinking, Yuan Yafei said that one is unlikely to have things done unless he has figured them out. Rogers also believed the most important thing is to think independently, and that only when one learns to think independently will he has the chance to succeed.