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Chinese investors to seek business opportunities in London

Source: China Central Television (CCTV | Date: 12-08-02  
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Chinese investors have been keeping a sharp eye on business opportunities with the coming 2012 London Olympic Games.

Although the Olympics is chiefly known as a sporting competition, Britain has brought the event this year into the international business arena. London's Mayor Boris Johnson has made no bones about using the games to woo investors, describing them as a "gigantic schmooze-athon."

Members of the China Entrepreneur Club, the elite of China's business community, have already begun expressing their intent to invest while in London.

Chinese investors have been keeping a sharp eye on business opportunities with the coming 2012 London Olympic Games.

"We see a few very interesting British brands. We will invest and find a Chinese operator to work with the British company to take advantage of the vast and massive Chinese consumer base, to grow the business," said Wang Chaoyong, CEO of the ChinaEquity Group.

Despite Britain's latest GDP estimates which predict a sharp contraction in economic growth, Chinese business leaders think the UK remains well-placed to capitalize on an increasingly important trade relationship with China.

"We put UK on the very priority place, one of the first places that we should do business with. One reason is that because we know the UK has a long history of business. And another reason is, we know that in the UK when they are doing business, the people doing business abide by all the rules and regulations, and they do a deep research and understanding about other nations," said Michael Yu, CEO of the New Oriental Education Group.

Having been invited to London by David Cameron to search for potentially lucrative investments, CEC members have grown interested in the United Kingdom. At the same time, British authorities hope to take advantage of the business potential presented by the Olympics.

"What they see is a chance to get people from all over the world, particularly from countries with large amounts of capital to invest," said Tony Travers, director of the London Group of the London School of Economics. "They want to get them into London to show them what it's like, to show them that Britain is a relatively secure place to put their money, that it's a politically safe place where government and opposition on balance agree on inward investment and the way foreign companies are treated."

Although the high-profile CEC members are saying they will definitely be making investments, where exactly their money will go is still unknown.

"It's still too early to tell. I think in the next few months you will hear more from us," added the ChinaEquity's CEO.Chinese investors have been keeping a sharp eye on business opportunities with the coming 2012 London Olympic Games.

Although the Olympics is chiefly known as a sporting competition, Britain has brought the event this year into the international business arena. London's Mayor Boris Johnson has made no bones about using the games to woo investors, describing them as a "gigantic schmooze-athon."

Members of the China Entrepreneur Club, the elite of China's business community, have already begun expressing their intent to invest while in London.

Chinese investors have been keeping a sharp eye on business opportunities with the coming 2012 London Olympic Games.

"We see a few very interesting British brands. We will invest and find a Chinese operator to work with the British company to take advantage of the vast and massive Chinese consumer base, to grow the business," said Wang Chaoyong, CEO of the ChinaEquity Group.

Despite Britain's latest GDP estimates which predict a sharp contraction in economic growth, Chinese business leaders think the UK remains well-placed to capitalize on an increasingly important trade relationship with China.

"We put UK on the very priority place, one of the first places that we should do business with. One reason is that because we know the UK has a long history of business. And another reason is, we know that in the UK when they are doing business, the people doing business abide by all the rules and regulations, and they do a deep research and understanding about other nations," said Michael Yu, CEO of the New Oriental Education Group.

Having been invited to London by David Cameron to search for potentially lucrative investments, CEC members have grown interested in the United Kingdom. At the same time, British authorities hope to take advantage of the business potential presented by the Olympics.

"What they see is a chance to get people from all over the world, particularly from countries with large amounts of capital to invest," said Tony Travers, director of the London Group of the London School of Economics. "They want to get them into London to show them what it's like, to show them that Britain is a relatively secure place to put their money, that it's a politically safe place where government and opposition on balance agree on inward investment and the way foreign companies are treated."

Although the high-profile CEC members are saying they will definitely be making investments, where exactly their money will go is still unknown.

"It's still too early to tell. I think in the next few months you will hear more from us," added the ChinaEquity's CEO.

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