国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

ICBC helps investors abroad

By JIANG XUEQING (China Daily) Updated: 2015-10-26 07:57

ICBC helps investors abroad

ICBC offers comprehensive services to Chinese corporations that intend to invest in India. [Photo/China Daily]

ICBC takes the lead in making life easier for overseas units of Chinese companies

Just four years after its entry into India, Industrial and Commercial Bank of China Limited, the country's largest State-owned lender by assets, is reaping rewards.

"India is a market full of potential for Chinese entrepreneurs," said Zou Xin, deputy general manager of ICBC's investment banking department.

Small wonder, as India opens its doors further to foreign investors, a growing number of Chinese corporate majors are rushing in.

Zou said geopolitics, low labor costs, investor-friendly taxation policies and business-friendly environment are key factors that influence outbound investment decisions. "India has improved greatly in terms of geopolitics, and its closer partnership with China has taken effect. With a huge population and a high level of education, India offers a large foundation of business opportunities for our labor-intensive companies."

ICBC offers comprehensive services to Chinese corporations that intend to invest in India: settlements, financing and investment consulting services, preliminary market research, tax environment analysis, and assistance in company registration.

Many Chinese corporations have difficulty in obtaining loans for their overseas subsidiaries when they expand internationally because they do not have a credit history in other countries. So, ICBC helps overseas subsidiaries indirectly by issuing guarantees to financial institutions that finance them.

ICBC's investment banking department also helps Chinese companies investing more than $400 million in India find the right projects. Since the opening of ICBC's Mumbai branch four years ago, 11 Chinese companies have received 660 million yuan ($104 million) in loans from the bank for investment in India.

Hong Qing, chief executive officer of ICBC's Mumbai branch, said the bank is highly optimistic about India's future because the country is politically stable and has a huge market demand, as well as a large and young population.

"India wants to improve its infrastructure, develop industrial parks and implement (Prime Minister Narendra) Modi's 'Make in India' initiative. Chinese corporations are familiar with all these areas and have distinct advantages," Hong said.

Chinese entrepreneurs should take bold decisions to expand their business into India, he said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
东至县| 句容市| 永安市| 方城县| 应城市| 高唐县| 高密市| 阿城市| 奈曼旗| 轮台县| 息烽县| 怀远县| 保定市| 永胜县| 监利县| 沛县| 安新县| 张掖市| 利川市| 河曲县| 嘉义县| 灵川县| 包头市| 江安县| 乌拉特中旗| 乌兰察布市| 延川县| 屏南县| 沿河| 十堰市| 托里县| 政和县| 丘北县| 绥化市| 沙坪坝区| 怀安县| 麻城市| 屏东市| 兰西县| 孟州市| 呈贡县|