U.S.-China High-Level Consultation on People-to-People Exchange, CPE2016

CLC Advisors, LLC is honored to be invited to the U.S.-China High-Level Consultation on People-to-People Exchange, CPE2016 in Beijing, China this month running concurrently with the U.S.-China Strategic & Economic Dialogue led by U.S. Secretary of State John Kerry and U.S. Undersecretary of State Richard Stengel. CEO Cindy Chin joined members of the Secretary’s Office of Women’s Global Issues (S/GWI) as a delegate of the U.S. Women’s Pillar, presented on women’s entrepreneurship, and a speaker and mentor at the U.S.-China Women’s Leadership Exchange and Dialogue (WE-LEAD) in partnership with Goldman Sachs’ 10,000 Women Initiative.

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During the Working Session with the All-China Women’s Federation 中华全国妇女联合会she reported on the state of women’s entrepreneurship in the United States and potential impact and the importance of collaborations between the U.S. and China in the private and public sectors:

“The presence of American companies in China will play an important role in empowering women and girls in both entrepreneurship and anti-domestic violence issues in both countries.  Strategically looking for global ecosystems that can support high-impact work by fine tuning strategies across several cross-functional industries and sectors to solidify foundations and stakeholders in a company’s growth as well as GDP.

Venture funds now look for women entrepreneurs and diversity. After studies from the International Monetary Fund (IMF) and McKinsey Global Institute report, we know that advancing gender equality and the advancement of women can increase the annual global GDP by $12 trillion, or 11% by 2025. The public, private, and social sectors need to act together to close the gender gaps. In a full potential scenario where women play an identical role in labor markets to that of men, as much as $28 trillion or 26 percent could be added to global annual GDP by 2025. In China alone, the figure is even greater at 12% increase by 2025 or $2.5 trillion than any other country. Startups with at least one woman co-founder outperform all-male teams. In some VCs, that could mean as much as 62% in better performance and investor returns.

We need to support multi-lateral and multi-national organizations that require private-public sector partnerships, strength regional norms and intellectual property rights, cooperation on human rights, domestic violence, and gender equality.

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The potential for innovation in China is tremendous. Global entrepreneurs who are starting businesses must have a China strategy if they want to obtain scaleable global growth. Currently, China’s long-term market potential is ripely positioned to have greater impact in global GDP growth than other parts of the world and can learn from the mistakes of the West an innovate with great scale. Such examples include the realm of Fintech and mobile payments, agricultural business innovations, and the potential to leapfrog growth in these areas.

As global business and industry leaders are advocating the support of women, I want to emphasize the importance that as women, we have a wonderful opportunity for continued collaboration, dialogue, and communications that can have higher impact for female entrepreneurs beyond the support of mentorship of businesses and the borders of both countries.” – Cindy Chin, CEO CLC Advisors, LLC

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Social Impact Exchange Scaling Impact 2013: Day 1

By Cindy Chin, CLC Advisors, LLC CEO

Freedom Tower, One World Trade Center
New York City

On my walk home in the rain from the Social Impact Exchange Conference about scaling impact in cities and a room of wealth and affluence, I encountered this view of Freedom Tower at One World Trade Center. It afforded more than the memory of what occurred on 911, but what it takes to rebuild and how it can happen – collaboration amongst cities, governments, people, country, philanthropy, and the private sector.

In public school education in the United States where math and English are the anchors in education strategy, the arts and culture are set aside against a limited amount of resources and priorities. In an increasingly globalized world, that leaves behind many Americans in a conflicting identity crises of a swirling melting pot. Without a platform or an economic market in the education, philanthropy, or government involvement in the arts and culture, the risk is rising conflicts of the freedoms of expression. Technology alone will not be the solution. Communication, expression of voice or thought, is the key to enable widespread systematic change.

This one building, one of a few, represents how America can rebuild itself after tragedy, catastrophe, setbacks, and failures. Its lessons will continue to teach well into the future for generations to come. The arts and culture helps heal the human condition in tragedies and crises. Then what must remain is hope.

“May the raindrops fall lightly on your brow. May the soft winds freshen your spirit. May the sunshine brighten your heart. May the burdens of the day rest lightly upon you, and may God enfold you in the mantle of His love.”
– Irish blessing

Clinton Global Initiative’s CGI America 2013

This morning at the CGI America 2013 opening plenary, the formal announcement of Goldman Sach’s first Social Impact Bond (SIB) for an early childhood preschool program in the state of Utah was made. Here were former President Clinton’s remarks on that announcement and the significance of social impact bonds.

Bill Clinton CGI America 2013

“The first Social Impact Bond (SIB) done in the US for early childhood development. These bonds, I believe, are going to be a very important part of our future as state and local governments and the federal government grapple with the challenges of their budgets. Finding the way to get private sector capital into solve public problems with the promise of a return and the risk of no return if the strategy doesn’t work holds REAL potential, particularly in this area. We know that about 85% of the infrastructure of the brain fills out before a child ever gets to kindergarten. We also know, and this is good news for people like me, that you can form new neural networks in your brain when you’re in your late 60’s, early 70’s. But you still stand after all these years on the foundation established in early childhood.

Of all the things in this year’s budget that was in the President’s State of the Union address that I was most excited about was a relatively small item to make US$100 MM down payment on a massive scientific project to map the human brain. Based on what we now know, I am confident that when it is finished, it will confirm the imperative of trying to bring Americans to the same starting line by doing more in early childhood development.” – Bill Clinton at CGI America 2013, June 13, 2013