News

Progress, but still much to be improved

(China Daily)
Updated: 2010-06-11 07:48

Long Yongtu: secretary general of the Boao Forum for Asia

"A G20 research center will be opened in Tianjin in July. We want this mechanism to help expand international links, enhance communication with academia and enterprises and provide an outlet for voices from nongovernmental organizations. It is not a pure academic research center focusing on bureaucratic discussion, but a center aimed at enabling the G20 to make wise decisions."

Sun Anmin, vice-chairman of the All-China Federation of Industry & Commerce

"CIPEF, as the most influential annual direct investment and financing event in China, has provided SMEs with an effective way of accessing direct financing from private equity funds, venture capital funds, industry funds and other financial institutional investors."

Wang Xiaoyi, deputy head of State Administration of Foreign Exchange

"In the foreign exchange sector, the goal of the administration will be to simplify the procedures of surrender for foreign-invested enterprises, to accelerate two-way opening up of China's capital account. An early warning system should be built to improve the international balance of payments and enhance foreign exchange management."

Meyer S. (Sandy) Frucher, vice-Chairman, NASDAQ OMX Group

Nasdaq focuses on the creativity, diversity and growth momentum of Chinese enterprise."

Dennis J. White, president of Association for Corporate Growth

"China is a good place to invest. Different types of investment funds are interested in different industries, and it is hard to say which industry has the most popularity. Clean technology may be the most promising one. For foreign investors, reaching deals in another country and evaluating risks are the toughest part of overseas investment."

(China Daily 06/11/2010 page18)