三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Hyleen Capital to weave network in Asian markets

By Song Jingli | chinadaily.com.cn | Updated: 2017-05-26 15:16

Hyleen Capital to weave network in Asian markets

Wang Xiang, chairman of Hyleen Capital [Photo provided to chinadaily.com.cn]

In response to the Belt and Road Initiative, a Chinese-Israeli joint-venture asset management company will bet big on agricultural industries in Myanmar, Vietnam and Sri Lanka, the venture's chairman said.

Wang Xiang, chairman of Hyleen Capital, which manages a total of $3.2 billion in assets, said on May 19 in Beijing that the company has made investing in Southeast Asia and South Asia a major strategy, adding that its staff's main focus is on projects in these countries now, even though possible deal values might not seem that large.

Hyleen Capital has started weaving a network around Southeast Asia over the past two years. Yunnan Cross-border Equity Investment Fund Management Company Limited, one of its subsidiaries, gained approval to directly use Chinese currency to invest and extend loans overseas on Jan 21, 2016.

The private equity company, based in Southwest China's Yunnan province, has raised 2 billion yuan in the first fundraising phase in its Renminbi Cross-border Investment and Lending Fund. The funds will go to sectors including manufacturing, agriculture and education in Southeast Asia, according to a prospectus from Hyleen Capital.

"The Belt and Road Initiative has shed light to the Southeast Asian and South Asian countries, which used to be downplayed by private investors in China due to geographical and language barriers," Wang recalled.

"Now it's the right time for private equity funds to go there as there are actual needs for foreign direct investment, while it's getting increasingly hard to pick good projects for investment at home," he added.

Yin Jiayin, general manager and executive partner of Hyleen Capital, said that the company and its partners are working on a cattle quarantine project in Myanmar. The project, which could require investment of $30 million and is now waiting for governmental approvals, aims to enable?cattle to be legally exported to China, adding that Myanmar people raise cows and bulls but do not eat beef while others smuggle cattle into China.

Hyleen Capital to weave network in Asian markets

A man rides an ox cart during an ox cart competition near U Bein bridge in Mandalay, Myanmar on?March 22, 2015.[Photo/VCG]

"If the project is approved, the Myanmar government could boost exports and Chinese people could get safe beef," Wang said, adding that he thought it is highly possible for this project to get approval.

During the Belt and Road Forum for International Cooperation held between May 14 and 15 in Beijing, the Ministry of Commerce of China signed the Memorandum of Understanding on the Establishment of China-Myanmar Border Economic Cooperation Zone with the Ministry of Commerce of Myanmar.

Hyleen Capital is also investing in a sweet sorghum plantation project in Myanmar with a possible investment of $20 million. Yin said currently trial planting is been conducted with the help of the Ministry of Agriculture of the country and added that hopefully sweet sorghum grasses will be planted to replace sweet canes to generate sugar in two years.

Hyleen Capital and its partners are also investing in a coffee planting project in Vietnam and expect it might need $60 million, and in a shrimp raising project in Sri Lanka, which might need $65 million.

Wang said these are all competitive industries in Myanmar, Vietnam and Sri Lanka and have strong potential to boost the local economy and employment, and bilateral trade with China as well.

"It is still too early to invest in other industries in some countries like Myanmar as infrastructure there is still weak and it takes time for improvement," Yin said. "Electricity is not even enough for civilian use in the country."

Both Wang and Yin believe there are tremendous chances in Myanmar, but they also admitted that risks are high as it is not a mature market. "The market requires approval from multiple governmental entities if a foreigner wants to set up a company and there are not established laws telling companies what can and cannot be done," said Yin.

What's more, it is hard for private equity fund managers to screen projects on criteria such as clear exit channels in some Southeast Asian and South Asian countries as capital markets there are still in the very early stage of development, Wang said. He added that Myanmar only established its own stock exchange last year and there have been just four listed companies.

"Instead, we based our investment on an enterprise's own profitability and capability to generate continual cash flow," Wang said.

He added that selling equities to late comers might be an option for exit.

"Progress of our investment is faster than expected and we are determined to explore this region," Yin said, adding that as they get more involved in the local economy, they have come across new projects worthy of investment and expect to find more opportunities.

She cited language teaching and training as an area with potential and said they are considering investing in Chinese-teaching app developers. "We hire local people to push forward our investment plan, and we have to communicate."

"As we are among the early private investors in Myanmar, we are as highly respected as what Goldman Sachs were when it first came to China in the early days of the nation's opening up," Yin said.

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 欧美精品一区二区三区久久 | 亚洲国产最新在线一区二区 | 亚洲精品久久久久久久福利 | 东京不太热在线视频免费 | 欧美激情精品久久久久久久 | 欧美一区二区三区不卡视频 | 日本特级黄毛片毛片视频 | 欧美艳星性videose精品 | 亚洲国产精品久久久久秋霞小 | 欧美一级毛片片免费 | 亚洲乱亚洲乱妇无码 | 久久久久国产成人精品 | 水蜜桃爱爱yy视频在线观看 | 久久久日本精品一区二区三区 | 国产精品视频久久久 | 在线观看激情偷拍视频 | 性生免费视频 | 国产高清在线精品一区二区 | 国产乱码精品一区二区三区网页版 | 国产精品久久久久久免费播放 | 黄色网页在线 | 男女晚上爱爱的视频在线观看 | a一区二区三区视频 | 国产日产精品_国产精品毛片 | 国产资源在线看 | 韩国特黄毛片一级毛片免费 | 国产福利乳摇在线播放 | 久久东京伊人一本到鬼色 | 日日cao | 久久综合九色综合桃花 | 一级成人生活片免费看 | 成人网视频在线观看免费 | 国外免费精品视频在线观看 | 日韩精品一区二区三区毛片 | 国产最强大片免费视频 | 日本黄色小视频在线观看 | 美国一级毛片oo | 亚洲涩福利高清在线 | 黄色片xxxx| 亚洲精品美女视频 | 男女很黄很色床视频网站免 |