Chongqing News

Chongqing enterprises thrive on overseas investment

2013-03-28 17:23:20

CHONGQING (CQNEWS) -- Sixteen Chongqing enterprises have realized an overseas investment of 151 million US dollars in the first two months of 2013, up 106.09% year on year, according to Chongqing Foreign Trade and Economic Relations Commission on March 27, 2013.

Chongqing Water Group and Chongqing Polycomp International Corporation contributed the most to it.

Chongqing Water Group invested nearly 100 million US dollars in its Hong Kong branch, which acts as the investment and financial platform in Hong Kong.

Chongqing Polycomp International Corporation invested over 10 million US dollars in its Holland branch to expand the R&D, production and sales of fiberglass products abroad.

Besides, local private enterprises also played an active role in overseas investment.

XIANGHONG Industry Group purchased a large coal mine with an investment as much as 90 million US dollars in America in August 2012. And Chongqing Bureau of Geology and Minerals Exploration has also successfully registered the NANKAI Mining Company in Ethiopia and initially invested 20 million yuan in exploring the local copper and gold mines. (Translated by Chen Siyan, Fathom Language Limited)

Editor:Zhang Yi