In order to effectively graft the strategical development and management improvement of the enterprises, and the intellectual resources of the reform of SOEs, as well as to provide high-quality consulting service for the government, SOEs and other enterprises in Tibet Autonomous Region, in view of the autonomous region reality and enterprise needs, the King Parallel and Tibet State Capital Investment and Operation Company (hereinafter referred to as SCIOC), according to the actual situation and enterprises’ need in Tibet, decide to jointly establish Tibet King Parallel Management Consulting Company (hereinafter referred to as Tibet King Parallel). On December 9th, 2019, after being registered, the company was formally being in operation.
The establishment of the Tibet King Parallel has got the attentions of local media in Tibet. On December 18th, the key column of Tibet Business Daily published a news report titled as “Intelligent Tibet, Better Future”.Here follows the report:
Recently, the King Parallel Consulting and Tibet State Capital Investment and Operation Company (Tibet SCIOC) jointly established their joint venture company- Tibet King Parallel Management Consulting Company (Tibet King Parallel), marking the official entry of King Parallel in Tibet.
For many years, King Parallel has been providing high-quality consulting service for the government and enterprises in Tibet. Therefore, setting its branch in Tibet is an important step for King Parallel in further developing its cooperation with various government sectors and enterprises in Tibet, aiming at better grafting Tibet with high-end intellectual resources home and abroad, and efficiently providing scientific, high-quality, and Tibet-suited solutions for the SOE reform, enterprise strategic planning, enterprise management upgrade, and government policy formulation.
At present, the changes of politics, economics and social environment at home and abroad are becoming increasing uncertain and complex，which requires the decision-makers of enterprises and governments to embrace the changes with an open mind, observe the opportunities and challenges brought by the changes in industry, technology and market with strategic thinking and scientific methods, and make decisions based on the actual situations. With King Parallel’s consulting capacity, consulting brand, case base and high-quality consulting standards, Tibet King Parallel will provide reference schemes for Tibet government and enterprises to carry out scientific decision, so as to effectively respond to the changes in local economic and social situations.
Tibet Autonomous Region, locating in the west and south of the Qinghai-Tibet Plateau, covers a land area of about 1/8 of the total area of China. Known as the “roof of the world” and “the third pole of the earth”, Tibet is the highest altitude in the world. Not only boasting of its magnificent natural scenery, Tibet is also rich in tourism resources, mineral resources, clean energy, economic animal and plant resources, and natural drinking water resources. In recent years, the growth rate of its GDP, per capita income, and local fiscal revenue of Tibet Autonomous Region have dominated top ranking in the country, presenting a good economic developing trend.
Dr. Zhang Zhengjun, the CEO of King Parallel, said: " King Parallel has provided consulting services like policy consultation, SOE reform, strategic planning and management improvement for many clients in Tibet including the SASAC of Tibet Autonomous Region, Federation of Industry and Commerce of Tibet Autonomous Region and many enterprises, which has built a good reputation for King Parallel in Tibet. Besides, King Parallel has also provided many consulting service to the government departments such as the SASAC of the State Council and the SASAC of Beijing, central enterprises and its subsidiaries such as China Poly Group Corporation and China Chengtong Group Corporation, and other provincial or municipal SOEs and listed companies, by which King Parallel has formed a competent and experienced consulting team with a wealth of consulting knowledge base, case base and expert talents. Tibet King Parallel will effectively introduced our professional consulting capabilities, Consulting experience and expert talent to provide effective consulting services for the policy-making in Tibet, the reform and development of state-owned assets and SOEs, and the development of various enterprises. "
Established in 1999, Tibet State Capital Investment and Operation Company (SCIOC) is a provincial first-class enterprise under the supervision of the SASAC of the Tibet Autonomous Region. With a registered capital of 1.088 billion yuan and 62 holding-share companies, the SCIOC is a pilot enterprise of the state capital investment and operation company in Tibet. The company’s main business includes as follows: conducting business of the investment and operation of state-owned assets in accordance with authorization; regulating or operating the items including the undertaking of the provincial administrative units for rented, the idle commercial state-owned assets and the state-owned stock assets transferred by the Government of Tibet and the SASAC of Tibet Autonomous Region; holding, investing and operating the state-run stock right; restructuring, transferring, mergering, leasing, purchasing and disposing the enterprise’s assets; and purchasing, managing and disposing the non-performing assets (including financial claims).
As a representative of high-quality consulting companies in China, Beijing King Parallel Management Consulting Company is founded by Dr. Zhang Zhengjun, a former researcher of the Development Research Center of the State Council in China and former director of State-owned Enterprise Division, who worked, from 2002 to 2013, in the Enterprise Research Institute of the Development Research Center of the State Council in China. Based on its accumulation of years of consulting service and frontier exploration and research, as well as its deep understanding of the laws of the development and transformation of enterprises, King Parallel has formed a comprehensive system of knowledge managing and the capacity to formulate high-quality schemes, committed to help clients to take the leading edge with high-quality comprehensive and innovative schemes. The company’s clients include central or local supervision and administration of state-owned assets, the most representative central enterprises, local enterprises and listed companies. The consulting qualities have been approved by the high-level authorities for three times and praised by many clients.
