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
Guangdong / Business

Guangdong seeks overseas Chinese investment fund

By Zhou Mo in Shenzhen (HK Edition) Updated: 2015-03-25 07:42

Guangdong seeks overseas Chinese investment fund

The international renminbi investment and loan fund, such as the proposed economic cooperation fund in the Guangdong Free Trade Zone, can play an active role in helping domestic companies "go global" while increasing cross-border use of the mainland currency. Brent Lewin / Bloomberg

Guangdong province aims to set up an economic cooperation fund targeting overseas Chinese in its newly established Free Trade Zone to promote the nation's "One Belt, One Road" strategy.

The proposal was submitted by Wang Jingwu, head of the Guangzhou branch of the People's Bank of China at the annual two sessions which ended on March 15.

The fund is expected to raise capital from institutions of the mainland, Hong Kong and Macao and overseas Chinese to provide investment and funding services for mainland firms in their mergers and acquisition (M&A) practices.

Wang said Guangdong has a realistic foundation to establish such a fund. "On one hand, Guangdong is adjacent to Hong Kong and Macao, with a lot of overseas Chinese living in the region. The province could take advantage of its strength in geography and overseas links to raise funds from overseas Chinese, to promote the national strategy through civil power," he said.

"On the other hand, the establishment and operation of the fund would offer experience to learn from, as some local governments have already set up overseas investment and loan funds," Wang added.

The mainland's first international renminbi (RMB) investment and loan fund - Sailing Capital International - was set up in Shanghai in April, 2012. It offers a commercial operating platform for domestic companies to initiate M&As overseas, and provide them with investment and funding services.

A year later, a second similar fund, launched by Highland Capital Management, came into being.

Setting up the overseas Chinese economic cooperation fund has two meanings, said Zhang Yuge, director of the Economic and Social Development Research Centre at China Development Institute, a Shenzhen-based think tank.

"First, it's a demonstration of the mainland's increasingly opening up to the world, especially in the financial area, and an important part in the overall process of financial internationalization. Second, implementing the national 'One Belt One Road' strategy needs the participation of various institutions and individuals," he said.

Guo Wanda, executive vice-president of the institute, agrees. As he sees, the fund, which would gather capital from overseas Chinese, is a good supplement to those that were officially initiated. "Implementing the national strategy requires a large amount of money. Compared with the official side, the social power in gathering capital is stronger. Therefore, the fund could play an active role in balancing capital demand and supply."

From another perspective, the non-governmental fund would be more easily accepted by countries along the "One Belt One Road" route, Guo pointed out. "Different from official capital, which may arouse political concern among foreign governments, it would be a commercial fund that pursues economic profits. A conflict of interest would be less likely to arise, thus helping to ensure its smooth operation in other countries."

Moreover, the fund may outperform those with an official background in the management mechanism, including risk management and understanding of the market, Guo said.

"The most important issue is how to combine private capital and national strategy in a sound way so that the fund could exert its biggest role in promoting national investment, diplomacy and other practices," he added.

The international RMB investment and loan fund, as a new form of cross-border use of RMB, can play an active role in helping domestic companies "go global" while increasing cross-border use of the mainland currency, an official with deep knowledge of monetary policy said.

However, at present, overseas use of the RMB is largely based on trade, said Fang Fang, former chief executive for J.P. Morgan's China investment bank. "You need to gain acceptance when you invest. To promote it, regulatory departments, financial professionals and companies need to make a concerted effort," he said.

Compared with other forms of investment, the fund would be advantageous. For individual firms seeking overseas M&As, they have to go through a complicated review procedure. For investment companies with a government background like China Investment Corporation, investment projects have a higher possibility of failure for political reasons. The fund would have relatively high flexibility, as it would be able to make both investment and funding practices overseas.

"The fund would be promising if it's well operated," Zhang said. "On one hand, overseas Chinese could share the benefits brought by the implementation of the national strategy. On the other, the fund could help strengthen relationships between other economies and the mainland in a soft way."

Guo believes the fund's prospects would be "promising, influential and flexible". "Capital from oversea Chinese, which is now dispersive, would be gathered and presented in an influential way," he said.

sally@chinadailyhk.com

(HK Edition 03/25/2015 page8)

My Chinese Dream

Spanish woman's affection for tai chi

Guadalupe, a 55-year-old lady living in Spain, has been practicing tai chi for almost 20 years. She believes tai chi is not only a kind of martial art but a complete system of fusing traditional Chinese culture.

My China Story

Getting my first hair cut in Ningbo

One of the potentially most traumatic things a girl has to go through is finding a new hairdresser.

...
主站蜘蛛池模板: 欧美国产合集在线视频 | 欧美a级黄色大片 | 麻豆成人在线 | 亚洲一级片在线观看 | 悠悠资源先锋中文站 | 国产无遮挡裸体免费视频在线观看 | 国产精品永久免费视频 | 国产精品亚洲欧美云霸高清 | 亚洲一区不卡视频 | 亚洲丶国产丶欧美一区二区三区 | 九九久久精品 | 91看片淫黄大片一级在线观看 | 亚洲已满18点击进入在线观看 | 娇喘呻吟福利视频在线观看 | 国产亚洲欧洲一区二区三区 | 不卡视频一区二区三区 | 人人九九精品 | 亚洲欧美日韩成人一区在线 | www在线小视频免费 www在线观看免费视频 | 亚洲码在线观看 | www.大香 | 国产刚刚发育被强j在线播放 | 欧美成人性毛片免费版 | 国产高清在线精品一区αpp | 奇米网狠狠 | 日本最新伦中文字幕 | 精品久久久久久久久久久 | 军营里娇喘呻吟声乳 | 亚洲视频在线观看免费视频 | 欧美呦女 | 久久久免费精品 | 最新国产在线播放 | 一级特级aa欧美毛片 | 波多久久夜色精品国产 | 曰本人一级毛片免费完整视频 | 国产精品日本一区二区在线播放 | 女人18一级特级毛片免费看 | 91视频播放| 91在线高清 | 538精品视频 | 538prom在线 |