With the approval of the superior authority, Capt. Wei Jiafu, President & CEO of COSCO Group attended the UN Global Compact Leadership Summit in Geneva under the invitation of H.E. Ban Ki-Moon and delivered a speech at the Plenary Session titled "Implementing Global Compact, Promoting Harmonious Enterprises and Promoting World Harmony". Capt. Wei introduced the philosophy of Chinese government officials on building a harmonious world, briefed the audience the progress and practices of implementing Global Compact and the social responsibility by Chinese business community, gave promises and proposed the advocates at the conference. He said that performing the Global Compact is an imperative to face the rising challenges from sustainable developments and corporate citizenship. After UN put forward the global compact initiative in 2000, the UN Global Compact has met with positive responses from the Chinese government and business community. More than 100 Chinese enterprises and organizations have officially joined the Compact. Capt. Wei gave a detailed introduction to Citing COSCO's example, Capt. Wei spoke on COSCO's practices of implementing Global Compact in respect of human rights, labor standards, safety, environmental protection, anti-corruption and anti-terrorism. He said, "The exercise of CSR could never hinder but only promote the corporate development. In the times of corporate citizenship, the CSR competitiveness has been a new indicator of a company's global competitiveness." Capt. Wei called for multinational companies in developed countries to shoulder up greater responsibilities in implementing CSR and principles of Global Compact, recommending the solution of "the more capabilities, the more responsibilitiesó. Capt. Wei then called international communities to join hands and make joint efforts to implement Global Compacts, build harmonious enterprise and contribute to promoting a harmonious and prosperous world with sustainable developments.