ASEAN/China investment fund launched

Home>>Business

Last updated at: (Beijing Time) Saturday, March 20, 2004

ASEAN/China investment fund launched

DISCUSSION

CHINESE

SEND TO FRIEND

Swiss President Joesph Deiss concluded an official visit to Thailand Friday evening after launching an ASEAN/China investment fund aiming at financing small-and medium-sized enterprises in Southeast Asia and China with 125 million US dollars.

Switzerland was one of the initial investors in the 125 million US dollars fund, along with the Asian Development Bank, French financial development institution proparco, the Japan Asia Investment Co and the United Overseas Bank of Singapore, the Thai News Agency reported Saturday.

The enterprises have attractive growth prospects and are engaged in intra-regional and inter-regional trade or investment activities, the report said.

During his three-day visit, President Deiss met and held talks with Thai Prime Minister Thaksin Shinawatra on issues of bilateral ties and cooperation between the two countries.

The Swiss leader also met with Ong Keng Yong, the secretary-general of the Association of Southeast Asian Nations (ASEAN), to discuss the AEAN-China Investment Fund.

President Deiss also met with Thai King Bhumibol Adulyadej at the Klaikangvol Palace in the country's upper southern province of Prachuap Khiri Khan Friday evening.

Questions?Comments? Click here

Indian navy to have two aircraft carriers by 2011 ( 4 Messages)

What's the meaning of Bush & Blair nominated as candidates for Nobel Peace Prize? ( 31 Messages)

Study: Americans eating themselves to death ( 7 Messages)

Japanese PM's remark on shrine visit leads to long-term cold relations with China: Kyodo ( 10 Messages)

French Presidents' China complex ( 4 Messages)