Beware of billion euro BSAM loan scam

I managed to stop a European company falling into a scam. It involved, without any of their knowledge, two companies: Beijing State-Owned Assets Management Co., Ltd. (BSAM) and China Finance Online (with office in Finance Street, Beijing, where BSAM also has its real office).
The potential victims were promised a loan from BSAM (value: €2.1 billion, yes, billion). The “agents” for all this operation also declared that in Hong Kong, a new company would be registered in which BSAM would have a 40% interest. Mr. Zhiwei Zhao and Jun Wang (top leaders of China Finance Online) would take a seat. There would be a signing ceremony with those two leaders.
Small detail: please pay the “agent” a €45,000 fee for the trouble (in advance, obviously).The crooks made one “small” mistake: the address of BSAM is my … home and office address! And of course BSAM does not have this money anyway. I happen to be a former employee of BSAM… I complained to my wife: where was she hiding all that money in our office?
The very creative crooks involved are, probably all with false names and addresses (except for the bank account!):

Mr. Mario Schmelz,
Edle Freunde
Kapellenweg 8
89604 Allmendingen – Germany
Tel. 07391-587 69 36
and
Mr. Lothar Reinhold
ASIAPARTNER GROUP Bangkok
Muang Thong Thani C3 12719
11120 Nonthaburi/Bangkok
Phone: +66824413598,   +66883131729,  Skype: Lothar.Reinhold
Mail: asiapartner@lawyer.com
Mail: privatcredit@repraesentative.com
Group Company’s:  Noble House  Co. Ltd, Potema McClean Co. Ltd,
Joy-Design Wattana Pimlee, Yaki Enterprises. Inhaber: L.otharReinhold (sic!)
Bank: BAAC Bank for Agriculture and Agriculturel Cooperatives
Account:  Wattana Pimlee (Accountant) 4978000484
Swift-Code: ALCBTHB1

Fortunately a clever staff member of the EU company did some research, smelling a rat, and found me. End of story.
I could now inform BSAM and the police. Poor agents are going to have to miss a wonderful massage in Thailand.

Do the Chinese care about “green products and companies”?

I am frequently being asked how the Chinese feel about Global warming and if they care about green products or green companies.
In “Toxic Capitalism” I refer to a study done by The Carbon Trust. It made a survey of 2,800 young people across six countries that found that 83% of eighteen- to twenty-five-year-olds in China would be more loyal to a brand if they could see it was reducing its carbon footprint. Just 57% of U.S. respondents and 55% of young people in the U.K. made the same claim. Globally, 78% of young people said they want their favorite brands to reduce their carbon footprint, but again the Chinese showed the highest demand for emission reductions, with 88% calling on firms to cut their footprint.
In the FCCC Environment Newsletter No 35 (done by my friend Michel Lens), another survey confirms the trend, see here the full text:
The vast majority of Chinese believe climate change is taking place and most consumers are willing to pay more for eco-friendly products to reduce its effects, a survey by the Center for China Climate Change Communication has found. Some 93% of respondents said climate change is under way, while about three out of five respondents feel they have been directly affected by it. The study of 4,169 Chinese adults was carried out from July to September.
About 68.4% of respondents said they thought China has already suffered from the effects of climate change, while about half of respondents said it will affect people in rural areas more.
About 90% of respondents said the government should have prime responsibility for dealing with climate change, followed by the public, media, companies and NGOs. Zheng Baowei, Director of Renmin University’s Research Center of Journalism and Social Development, said the government should play a dominant role in adopting measures and designing policies in line with the public’s expectations and interests. More than 93.4% of respondents felt they have knowledge of climate change, while just 6.6% said they had never heard of it. About 60% thought climate change is mainly caused by human activities, while 33% considered it to be mainly caused by the environment. Some 87% of those surveyed said they were willing to pay more for greener products, while more than 34% said they would accept a 30% price rise to buy such products. More than four out of five respondents said they supported the government in setting standards for mandatory garbage separation and waste recycling, adopting greener materials for construction, and producing greener cars, even if it means higher costs. Only 34% of respondents said they separated their garbage, the China Daily reports.

Talking to GeorgiaTech

On 26 November I had again a group of nearly 50 from GeorgiaTech. I gave my usual talk introducing China, its people and business in my pretty personal way. I also introduced my book Toxic Capitalism – the professors received a signed copy.
The venue was the Beijing Peninsula Hotel in Jinyu Hutong (Goldfish Lane).
Very happy to receive the feedback from the professor on 29 November:

Dear Gilbert
It was a pleasure meeting you this week. Thank you so much for the presentation to the Executive MBA students. As you could tell from the questions, it was very well received. We appreciate your candor in the presentation and found the information very interesting.
I appreciate your willingness to do this and I hope to see you again in the future.
Sincerely
Saby
William H. Anderson II Professor
Faculty Director, MBA in Management of Technology
Georgia Institute of Technology
Scheller College of Business
Atlanta, Ga 30308-1149

The U.S. groups of EMBA are always a great audience: they pay attention and ask sharp questions.

Rotary Bazaar 2012

Dear friends of Rotary!
Bring your friends and family to one of the best Christmas Bazaars in town for shopping, entertainment and to support the spirit of charity!
Nov 24-25 (Sat & Sun) from 09:00 to 17:00 at Kempinski Hotel, Lufthansa Center, Beijing.
We need your participation (free entry and a gift is prepared for you) to share the fun filling Christmas atmosphere with Christmas Carols and performances.
This year our Kids Corner is serviced by Eduwings Kindergarten, Beijing Kids, Kernal Science Lab and Gymboree to make sure kids have a good time to learn and play while you are enjoying food and wine tasting, new hair and make up for parties.  Whats about receiving free traditional Chinese treatment and dental services?  If you want to sit down for a lunch, Kempinski Hotel, our venue sponsor has prepared special value meals for us!
We cannot wait to show you a wide and carefully selection of gifts such as ethnic arts & crafts, designed jewelry, fashion (incl. luxury fashion brand Laurel), accessories, touch of Christmas lights and candles. How about something organic and green? Bring waste food oil and exchange for a soap. Plus many many more…..!
Too much to bring? We have complimentary gift wrapping and you can even mail them from the Bazaar!
Win a round trip Business Class ticket (or 2 Economy Class tickets) to Europe generously donated by Lufthansa, an Audi Driving Experience that include flights and hotel for 2 persons, several hotel vouchers for 5 star hotels and many more attractive prizes at our raffle!
See you there!
Rotary Christmas Bazaar Committee

 Click to enlarge

About Rotary:
Rotary Club brings together business and professional leaders in order to provide humanitarian services, encourage high ethical standards in all vocations, and help build goodwill and peace in the world. Its signature projects for Beijing:
Library project (donation of about 80 libraries to migrant schools and community centers around Beijing and Hebei),
Literacy project (support over 360 underprivileged children’s education and living costs),
Maple Leaf project (mental health care support hotline and vocational training for women)
Gift of Life (over 300 surgeries for Congenital Heart Disease children).