Boosting cooperation between Chinese and Finnish companies

The club house Svenska Klubben in Helsinki was buzzing with company representatives from China and Finland on Wednesday morning on June 3rd. Attendees from 14 Chinese companies and 37 Finnish companies were brought together by Tekes and the province of Jiangsu in order to discover growth opportunities for the parties involved.

The morning started with presentations on behalf of both Tekes and the province of Jiangsu.
1st secretary of the Embassy of the People's Republic of China in Finland, Mrs Jinqiu Qian, touched upon the drivers that spring opportunities for Finnish companies in the Chinese market. Relevant to Cleantech companies is the introduction of all-stricter environmental legislation. Legislature is similarly improving IPR protection in China. Quian also highlighted that localization of technologies and business concepts is important in gaining foothold in China.

Wang Sha from Borenius Attorneys presented Finnish regulation for Chinese companies with respect to doing business in Finland. She also stressed not to underestimate differences in Finnish and Chinese business cultures and mentality. Partially due to this and in case of disputes, keeping legally-binding documentation is important. Sha also mentioned cross-border tax issues and dispute resolution method as important legal considerations.

Later during the day, a handful of companies presented themselves. The attending companies operated mostly within environmental sector but there were also companies present from healthcare, IT and nanotechnology industries. During the afternoon matchmaking session companies with common interests were grouped together in a speed dating fashion in order to spark cooperation and generate new business opportunities.

On the following two days, Chinese delegation continued company visits in Lahti, Espoo and Helsinki. In Lahti, the delegation was set up for an exploration into energy industry as they visited Lahti's renewable energy research centre and companies doing business within the sector. Tours of production facilities and laboratories proved to be particularly interesting among the participants. In addition to energy companies, the delegation visited medical equipment company Merivaara. In Helsinki and Espoo the Chinese visited medical companies and research facilities as well as got to know what Finns are up to in the batteries and electric vehicles industry.

General reception of the program and the matchmaking session were good. Let's hope Finnish and Chinese businesses find new ways to cooperate!

Kari Pietilä
Project Coordinator

Sanna Nuutila