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Article: New Investment Association Welcomes Foreign Firms
- Article from:
- Xinhua News Agency
- Article date:
- February 19, 2001
CopyrightCopyright 2001 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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The new Investment Association of China (IAC) was established
Saturday in Beijing through a combination of merger and reshuffling
of the former Investment Association of China and the Chinese Fixed
Asset Investment and Construction Institute.
But the new IAC is "not simply a combination of the two", Zhang
Hanya, Secretary-General of the IAC was quoted as saying in Monday
's China Daily.
While the old IAC had only Chinese companies as members, the new
IAC will expand its membership to include foreign companies doing
business in China, Sino-foreign joint ventures, and investment-
related agencies.
This marks the first time the doors of a Chinese investment club
will be opened to foreign firms ...