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Governor invited Advisors to extend investment and cooperation in Guangdong
Latest Updated at 2007-November-15 17:17:30
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Governor Huang Huahua met with the 8 foreign advisors and gave an account of the immense business opportunities in the Guangdong market.

Huang Huahua, Vice Secretary of the CPC Guangdong Provincial Committee and Governor of Guangdong Province, met with the foreign advisors attending the ICCFED in White Swan Hotel today. The advisors were Mme Carol Bartz, Executive Chairman of the Board of Autodesk, Inc, Mr. Toshiaki Egashira, President and CEO of Mitsui Sumitomo Insurance Co., Ltd., Mr. Sergio Balbinot, CEO of Assicurazioni Generali and Generali Group, Mr. Tohru Tsuji, Chairman of Marubeni Corporation, Mr. Satoshi Aoki, Chairman of Honda Motor Co., Ltd, Mr. Etsuhiko Shoyama, Chairman of Hitachi, Ltd, Mr. Carl-Henric Svanberg, President and CEO of Ericsson and Mr. David Bonderman, Founding Partner of TPG Capital.

Mr. Huang expressed his gratitude to the advisors, who accepted the advisory job with pleasure and gave suggestions to Guangdong鈥檚 economic and social development. Against the background of the development of Guangdong, the discussion between Governor Huang and his advisors focused on how to improve the innovative capacity, for instance, to combine the industrial design and manufacturing industry to realise the new industrialisation, and to promote the transformation of Guangdong鈥檚 development pattern through financial innovation.

Despite the fact it is the first time for many advisors to take the job, they have already started investment and cooperation programmes in the province. It is reported that Cenerali China Life Insurance Co.,Ltd., a joint venture of Assicurazioni Generali and Generali Group has invested 340 million yuan in the province by the first half of this year. The highly innovative Autodesk, Inc. cooperated with South China University of Technology to found the Guangzhou Digital Innovation Education Centre. The company also worked with Bureau Of Urban Planning of GuangZhou Municipality to build the China Urban Digital Planning and Research Centre. Meanwhile, Marubeni Corporation with many years鈥檈xperience of investing in Guangdong, gradually enlarged its investment in the province. Moreover, taking its own experience of development in Guangdong as an example, it also introduced Guangdong as an investment destination to the Japanese business circle, and investors from Japan to the province.

Governor Huang congratulated the advisors on the rapid development of their companies and organisations in China. He said that Guangdong had enormous manufacturing capacity and business opportunities, and that the province always welcomed the extension of investment and cooperation from abroad, particularly the establishment of R&D centres. The advisors also seized the opportunity to present their investment and development plan in Guangdong. For example, Mitsui Sumitomo Insurance Co., Ltd. was carrying out a cooperative programme with CIRC Guangdong Bureau.

Additional report:

Huang Longyun meeting with Observers

The Executive Vice Governor Huang Longyun had a meeting with Mr. Herve Machenaud, Executive Vice President and Asia Pacific Branch President of EDF. According to Mr. Huang, EDF offered inspiring suggestions of nuclear electric power development in its consultation report, such as to enhance international cooperation, optimise the industrial chain and promote publicity. He said, Guangdong would make great effort to support the development of nuclear electric power.

Mr. Machenaud also suggested that Guangdong could carry out its energy structural adjustment by developing nuclear electric power in the inland area and thermal power in the coastal area. As for investment, EDF would not only hope to participate into a new round of nuclear electric power construction, but also looked forward to the investing and building thermal power plants.

Editor: Donald

By: Source: www.iccfed.gov.cn

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