China Poly Group ex­pands reach in North Amer­ica

China Daily (Canada) - - ACROSS AMERICAS - By GRACE HU in Van­cou­ver for CHINA DAILY

China Poly Group Cor­po­ra­tion, founded in 1992 un­der the man­age­ment of Sta­te­owned As­sets Su­per­vi­sion and Ad­min­is­tra­tion Com­mis­sion, is a well-es­tab­lished busi­ness with mul­ti­ple ma­jor busi­ness projects in Beijing, Shang­hai, Guangzhou, Hong Kong and other places.

It fo­cuses mainly on trade, real es­tate and cul­ture. Its trade oper­a­tions are ranked among top im­port and ex­port firms in China, ac­cord­ing to the Min­istry of Commerce.

China Poly re­cently col­lab­o­rated with China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade to in­vest in the new China In­ter­na­tional Ex­hi­bi­tion Cen­tre.

As the mar­ket for real es­tate sky­rock­ets, Poly Real Es­tate Group creates a mul­ti­tude of op­por­tu­ni­ties for in­di­vid­u­als and com­pa­nies. It is one of the top five property de­vel­op­ers in China, en­gaged in the de­sign, de­vel­op­ment, con­struc­tion, and sale of res­i­den­tial and com­mer­cial prop­er­ties. Poly (Hong Kong) In­vest­ments Ltd pro­vides an over­seas plat­form for real es­tate.

Poly Cul­ture & Arts Co in­vests in a va­ri­ety of art forms, in­clud­ing the­atri­cal per­for­mances, the­atre man­age­ment, as well as film and TV pro­duc­tion. This com­pany reached as­sets up to 382.9 bil­lion RMB ($63.8 bil­lion) as of 2014.

Head­quar­tered in Beijing, Poly Cul­ture Group signed a Mem­o­ran­dum of Un­der­stand­ing to es­tab­lish a sec­ond head­quar­ters in Van­cou­ver. The sec­ond in­ter­na­tional of­fice is un­der­way and should be com­pleted by 2017.

Premier Christy Clark wit­nessed the sign­ing of the MOU dur­ing her third trade mis­sion to Beijing, China, as joined by the Min­is­ter of In­ter­na­tional Trade, Teresa Wat. The MOU not only per­mits the ex­pan­sion of the China Poly Group Cor­po­ra­tion, but also the ex­pan­sion of at least three other busi­ness lines in the North Amer­i­can mar­ket. In or­der to es­tab­lish a North Amer­i­can per­for­mance base in Van­cou­ver, Clark, along with Wat and rep­re­sen­ta­tives from HQ Van­cou­ver met with Beijing Per­for­mance and Arts Group (BPAG) to build on the let­ter of in­tent. This was ex­e­cuted in hopes to re­in­force the part­ner­ship with HQ Van­cou­ver.

Poly Cul­ture Group’s main fo­cus is aimed to­ward per­for­mance and the­atre man­age­ment, art busi­ness, as well as auc­tion and cin­ema in­vest­ment. It wishes to ex­pand its cul­ture and in­flu­ence into North Amer­ica as China and Canada fur­ther es­tab­lish busi­ness ex­changes. As Van­cou­ver rep­re­sents the eco­nomic hub of the Pa­cific, it of­fers con­ve­nience for China as well as other ma­jor eco­nomic ports to cre­ate bi­lat­eral co-oper­a­tions. Fur­ther­more, Canada is well known for its hos­pi­tal­ity, wel­com­ing many new busi­nesses into its heart of eco­nomics.

While it fo­cuses on nu­mer­ous as­pects of cul­ture, Poly Cul­ture is key to pro­vid­ing a mar­ket for in­ter­na­tional ex­changes in art. Not only does it in­clude art­work col­lec­tions but also auc­tion­ing. This plat­form achieved 82.2 bil­lion trans­ac­tions in 2014.

PRO­VIDED TO CHINA DAILY

BC Premier Christy Clark (left) meets with Xu Nian­sha (right), chair­man of Poly Cul­ture Group, for the sign­ing of an MOU to es­tab­lish its North Amer­ica head of­fice in Van­cou­ver, on Nov 2.

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