2012-10-09 14:58
Dramatic increase in
registrations for China Overseas Investment Fair reflects country's
momentous growth in FDI
BEIJING, Oct. 9, 2012 /PRNewswire/-- With the rapid development of
China's outbound foreign investment and the approval of China
National Development and Reform Commission (NDRC), the 4th China
Overseas Investment
Fair (COIFAIR 2012), co-hosted by China Industrial
Overseas Development & Planning Association and China
Development Bank, the country's largest overseas investment and
financing bank, will be held at China World Trade Center, Beijing
on November 12-13, 2012.
The level of expected participation in COIFAIR 2012 is well ahead
of where the agency was in the registration process at the same
point in time for any previous COIFAIR with more than 100 countries
having registered for participation. Over 80% of the available
exhibition booths have been booked; nearly every seat in the
foreign investment seminars has been reserved; 70% of all forum
guest speakers have been confirmed; with much scrutiny, over 3,000
overseas investment projects have been carefully selected; over
2,300 Chinese companies, 1,100 foreign multinational firms, 80+
Chinese and foreign financial institutions, 50+ accounting firms
and law firms, 30+ Chinese and foreign merchant associations and
institutes, 20+ Chinese and foreign research institutions, 200+
Chinese and foreign governmental agencies and 14 international
organizations have clearly expressed their intention to participate
at COIFAIR. It is expected that at the opening of COIFAIR 2012, the
number and scale of Chinese and foreign participating agencies from
all over the world could very well dramatically surpass that of the
first three COIFAIRs.
According to official statistics provided by the Chinese
government, China's net outbound direct investment reached $74.6
billion in 2011. By the end of 2011, Chinese investors had set up
18,000 overseas investment companies in 177 countries and regions
around the world with net outbound direct investment adding up to
$425 billion, and company assets of foreign registered companies
with Chinese ownership reaching nearly $2 trillion as of the end of
2011. During the first eight months of this year, China's foreign
direct investment outside the financial sector reached $47.7
billion, up 39.4% year on year. These figures reflect the current
trends evidencing the rapid growth of China's overseas investments,
and explain, why, from one key aspect, the world investment
community is closely following and highly engaged with this year's
COIFAIR.
China Overseas Investment Fair Secretariat
Tel: +86 (0)10-59799908
Fax: +86 (0)10-59000565
Official Site: http://www.coifair.org/
Email: [email protected]