It's Happening....
Public service sector becomes a new favorite for foreign investment
- Details
- Category: Ningbo Business
- Published: Tuesday, 28 July 2015 10:13
Recently, a nursing home project, a joint venture, was invested in Ninghai. According to Ningbo Municipal Commission of Commerce, about 186 foreign investment projects was approved in the first half year of 2015, with a total investment of $6.84billion, contractual foreign investment $3.69 billion and actual foreign investment $2.47 billion, increasing separately by 5% and 10.4%.
Financing, nursing home service and public service sector have become favorite for foreign investment. In May 2015, Mega Bank from Taiwan opened its second branch in Mainland of China in New East City in Ningbo. So far, Hang Seng Bank, Mega Bank and Standard Chartered Bank have settled in Ningbo. Since Chinese government lift the control over foreign investment in public service sector, public service sector like electricity and gas are very popular among foreign investors. In the first half of 2015, Ningbo approved a world 500 investment project: Xiangshan China Res Gas, with a total investment of $27.78 million, contractual foreign investment $5.83million. Its businesses mainly include pipeline gas and bottled gas. In addition, foreign investors have also put large investment in environmental-friendly energy industry like garbage disposal and electricity generation
