China Gold International in Canada: What’s Next?
(10 pages of text)
In November 2017, Jerry Xie, executive vice-president and corporate secretary of China Gold International Resources Corp. Ltd. (CGI), the only overseas-listed subsidiary of China National Gold Group (CNG), a Chinese state-owned gold company, was expected to report his plan for the future development of CGI to the chairman of the board of both CNG and CGI in a week’s time. CGI was perceived as the international flagship company of CNG and was listed in both Canada and Hong Kong, yet it had two mines in China and none in Canada. The parent firm needed Xie’s help to answer a question from the global capital market: should CGI be kept in operation in Canada?
This case is intended for undergraduate or graduate-level courses in international marketing, marketing management, and strategic marketing. After working through the case and assignment questions, students will be able to do the following:
- Recognize major differences in management and corporate governance between Chinese state-owned firms and publicly listed firms in North America.
- Understand the importance of global talent in handling challenges caused by these differences.
- Understand management and legitimacy challenges for the globalization of Chinese state-owned enterprises.
- Understand the role of overseas subsidiaries in firms’ globalization efforts.
Mining, Quarrying, and Oil and Gas Extraction
Canada; China, Large, 2017
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