Wednesday April 23, 2014 Search
Weather | Athens
23o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Chinese interest in Greek assets grows

Fifty high-profile Chinese companies have shown an interest in state-owned assets being sold by Greeces government to help the European nation cut its debt, the official China Daily reported over the weekend.

Greek officials from agencies including the Hellenic Republic Asset Development Fund (TAIPED) attended a forum in Shanghai last week to market projects including land development, gaming, banking and energy, the newspaper said.

Greeces government said in April last year that it planned to raise 35 billion euros from the sale of state-owned assets by 2015 as part of a 50-billion-euro program to reduce public debt.

The development fund said in October it cut its target for revenue from privatizing assets to 11.1 billion euros by 2016 from 19 billion euros by 2015. Investment firm Shanghai International Group is among Chinese companies seeking opportunities in Greece through its $2 billion Shanghai International Global Acquisition Fund, China Daily said, citing Cheng Baoliang, the head of the fund.

Some business opportunities in Greece are highly complementary to the groups projects in Shanghai and it has expressed an interest in Greeces tourism and resource sectors, Cheng was quoted as saying. Industrial & Commercial Bank of China Ltd, China Development Bank Corp, China International Capital Corp and COFCO Corp were among state-owned companies attending the event, the Hong Kong-based Wen Wei Po newspaper reported on Saturday.

Fosun Group, China Rongsheng Heavy Industries Group Holdings Ltd and Jiangsu Yurun Food Industry Group Co were among other companies that took part, it said. [Bloomberg]

ekathimerini.com , Monday December 3, 2012 (21:12)  
Corfu property market puts up resistance to pressures
Major tourism promotion at travel fair in Latin America
Eurostat to confirm the size of 2013 primary surplus
Hundreds of thousands of social dividend applications
FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
U.S. authorities have asked the public to help identify as many as 90 possible victims of a suspected child predator who worked at American and other international schools in at least nine c...
Tunnel boring for Thessaloniki metro to resume after two years of inactivity
The two tunnel boring machines that are being used to construct the Thessaloniki metro are to start work again after almost two years, it was revealed on Tuesday. The borers have dug 73 perc...
Inside News
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter and home advantage worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Inside Sports
COMMENTARY
Realitys other side
...
EDITORIAL
Enough barbarity
The events that took place on Santorini on Holy Saturday, when seven people were injured, including an American tourist who sustained life-threatening injuries, after a firecracker was throw...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Corfu property market puts up resistance to pressures
3. Major tourism promotion at travel fair in Latin America
4. Eurostat to confirm the size of 2013 primary surplus
5. Hundreds of thousands of social dividend applications
6. National bond issue already covered
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Three more arrests made on Santorini over Easter injuries [Update]
3. PM Samaras sees Greek bond yields falling more
4. Athens airport worker dies after being hit by shuttle bus
5. Vodafone sued for 1.4 billion euros by former Greek distributor
6. Warning issued over Evros River overflow
Today
This Week
1. Greece's market return mirrors return of tourists
2. Greece startup leaders say they cant break jobless cycle alone
3. Ground-breaking Good Friday mass signals thaw in Cyprus
4. Mayoral candidates clash over Athens mosque plans
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.