Chi­nese funds on the look­out for in­vest­ment op­por­tu­ni­ties

Kathimerini English - - Focus - BY ILIAS BELLOS

Three ma­jor Chi­nese funds are plan­ning to send mis­sions to Athens in the com­ing days and months for talks con­cern­ing in­vest­ment projects fo­cused mainly on in­fras­truc­ture, lo­gis­tics and com­mer­cial real es­tate.

Pre­lim­i­nary dis­cus­sions have al­ready taken place be­tween the Greek and Chi­nese govern­ments, as well as busi­ness rep­re­sen­ta­tives, and the ob­jec­tive now is that mem­o­ran­dums of co­op­er­a­tion can be signed for some of the projects by Septem­ber, when China will be the hon­ored coun­try at the Thessaloniki In­ter­na­tional Fair. It is hoped that the agree­ments can be for­mally signed that month, so that their im­ple­men­ta­tion can grad­u­ally be­gin.

Next week a mis­sion of se­nior Dalian Wanda Group Co of­fi­cials is ex­pected in Athens. The pri­vate Chi­nese group has as­sets of $85 bil­lion and is ac­tive in a broad range of ac­tiv­i­ties, from prop­erty to shop­ping malls and from tourism to cinema.

That will be fol­lowed next month by rep­re­sen­ta­tives from the Silk Road Fund. This is an in­vest­ment fund with cap­i­tal to­tal­ing some $40 bil­lion that Bei­jing set up two years ago aimed at fi­nanc­ing in­fras­truc­ture projects in places which the New Silk Road goes through.

On Fri­day Cosco Ship­ping and Chi­nese real es­tate de­vel­oper Green­land Hold­ings Corp an­nounced the cre­ation of a global port fund. Its main share­holder is the City of Shang­hai and the aim is to in­vest in lo­gis­tics and hous­ing and tourism projects in the US and Greece. Ex­ec­u­tives from this new fund are also an­tic­i­pated in Athens soon.

China’s am­bas­sador in Athens, Zou Xiaoli, has told Kathimerini that “co­op­er­a­tion has ad­vanced at a rapid rate through co­or­di­nated ac­tion by the two govern­ments and the busi­ness com­mu­ni­ties.” He added that “many en­ter­prises will come over seek­ing part­ner­ships” on the oc­ca­sion of the Thessaloniki In­ter­na­tional Fair in Septem­ber.

On Fri­day Cosco Ship­ping and Chi­nese real es­tate de­vel­oper Green­land Hold­ings Corp an­nounced the cre­ation of a global port fund. It is ex­pected to make in­vest­ments in the US and in Greece.

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