The soon-to-be-established State Forex Investment Company is
mulling over investing in 16 of China's central enterprises,
sources told China Business News. All these enterprises are
potential multinational companies in waiting. However, sources also
revealed that the inner circle of the forex investment company was
formerly divided on this move, stating it clashed with the
company’s main investment direction. Besides, "Such enterprises as
China National Petroleum Corporation and China Mobile Limited never
suffer from lack of money."
Sources also said that the state forex investment company will
adopt the policy of "organizing the company while exploring the
possibilities". Decision-makers have so far held off asking the
company preparation leading group for detailed timetables, since
they are focused with finding a forex investment strategy profile
which could guarantee a substantial profit return.
At present, the preparation leading group has consulted with the
State-owned Assets Supervision and Administration Commission of the
State Council and selected 16 out of 155 large central enterprises,
all of which are ready to invest in foreign countries, to be their
investment candidates. All those 16 central enterprises are listed
in the global Fortune Top 500 enterprises.
For more details, please read the full story in Chinese. (
http://www.china-cbn.com/s/n/000002/20070827/020000053972.shtml)
(China.org.cn August 27 2007)
