|
ROK investors eyes on NE China
(Xinhua)
Updated: 2005-12-27 11:49
Investors from the Republic of Korea (ROK) eyes the development potential in
northeast China provinces and plan to offer comprehensive financial services for
the region, according to the state development bank of ROK.
Jin Meizi, an associate researcher from Heilongjiang Provincial Academy of
Social Sciences said that northeast China's vast economic growth potential has
arrested the attention of a growing number of investors from the ROK in recent
years.
Right after her return from the ROK as a visiting scholar, the researcher
told Xinhua that ROK's industrial bank have incorporated offering financial
services to northeast China into its strategic plan for the period of 2006-2010.
"As the state development bank of ROK, the industrial bank have an asset of
about 92 trillion KRW (some 90.5 billion US dollars). It is the sole policy bank
in ROK and the largest one to offer corporate financial services in the
country." said Jin.
The bank have acquired much experience in the reform and restructuring of
state owned enterprises and it has developed a keen interest in participating in
the economic reform of northeast China, said an official with the bank's
research center of northeast Asia.
With its effective presence in this region, the bank intends to further
expand its business in China. So far, it has set up four offices in China,
respectively in the national capital Beijing, Shanghai municipality in east
China, Guangzhou in the south and Shenyang in northeastern Liaoning
Province.
|
