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Beijing promoting 180 local SOE projects
www.chinanews.cn 2005-10-28 15:23:56
Chinanews, Beijing, Oct. 27 (By Lai Hailong) - 180 Beijing state-owned
enterprise (SOE) projects involving about 30 billion yuan (USD3.7
billion) assets and over 10 industries such as real estate, manufacturing
and service are in a concentrated financing project promotion campaign
through an equity market platform toward investors around China and
throughout the globe.
This information was revealed at the formal signing ceremony of a
strategic cooperation agreement between China Beijing Equity Exchange
(CBEX) and the website of the Development Research Center (DRC) of the
State Council.
CBEX has carefully selected 50-odd programs for promotion in Tokyo and
Osaka. In November, it will held promotion fairs in Singapore, Hong Kong
and other Southeast Asian countries and regions. In the mean time, CBEX
will also organize 8 promotion fairs in Shanghai, Jiangsu, Zhejiang and
Guangdong for investors in the Yangtze Rive Delta and the Pearl River
Delta regions.
According to Beijing State-owned Assets Supervision and Administration
Commission Director Xiong Daxin, this promotion campaign sets no limits
on the origin of investors. Any qualified investors are welcome, whether
foreign, private or state-owned. For enterprises which plan to sell most
or all of their stakes, price will be the decisive factor, while those
with favorable prospect of development have to take into consideration
the strategies, markets and human resources of their future partners.
CBEX has teamed up with world-famous financial institutions such as
Bloomberg, Sunbelt and Reuters and built a bilingual (Chinese and
English) cross-border equity financing electronic platform that has more
than 800,000 terminal users. This platform can serve as an international
standard channel to release project information toward more than 800,000
institutional investors in nearly 200 countries and regions around the
world and inform all potential investors the financing demands of Chinese
enterprises.
Copyright� 2004 Chinanews.com. All rights reserved.
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