Foreign Investors Discuss Investment Future in ChinaUBS Warburg, an international investment bank, hosted a seminar starting today to discuss with multinational representatives the investment future in China.Representatives from Motorola, The Hong Kong and Shanghai Banking Corporation, NEC and Badische Anilin & Soda-fabrik AG and another 150 specialists in the industries of infrastructure construction, telecom, automobile, and information technology have gathered at the five-day meeting in East China's Shanghai Municipality to exchange views on China's future development after its entry into the World Trade Organization (WTO) and possible investment opportunities afterwards. The seminar is a continuance of a previous three-day meeting in Hong Kong. Rodney Ward, chairman in charge of UBS Warburg's business in Asia, said that all the attendees have shown their enthusiasm for investing in the Chinese market for its consistent policy and its ongoing economic reforms nationwide. Many specialists have expressed their positive attitudes towards China's development in the electricity and petrochemical industries. Research fellows with the international investment bank also mentioned that China's entry into the WTO would benefit Taiwan as well. The London-based UBS Warburg is attached to the Swiss Bank Corporation, with branches in over 40 countries and regions. It provides enterprise financing, individual investment, direct investment and assets management services. It has set up offices in Hong Kong, Taipei, Beijing and Shanghai and has helped many large State-owned enterprises with overseas financing since 1985, raising over US$1.2 billion so far. |
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