COIFAIR 2012 will Open in Beijing in November
BEIJING, Oct. 9, 2012 /PRNewswire/– With the rapid development of China’s outbound foreign investment and the approval of China National Development and Reform Commission (NDRC), the 4th China Overseas Investment Fair (COIFAIR 2012), co-hosted by China Industrial Overseas Development & Planning Association and China Development Bank, the country’s largest overseas investment and financing bank, will be held at China World Trade Center, Beijing on November 12-13, 2012.
The level of expected participation in COIFAIR 2012 is well ahead of where the agency was in the registration process at the same point in time for any previous COIFAIR with more than 100 countries having registered for participation. Over 80% of the available exhibition booths have been booked; nearly every seat in the foreign investment seminars has been reserved; 70% of all forum guest speakers have been confirmed; with much scrutiny, over 3,000 overseas investment projects have been carefully selected; over 2,300 Chinese companies, 1,100 foreign multinational firms, 80+ Chinese and foreign financial institutions, 50+ accounting firms and law firms, 30+ Chinese and foreign merchant associations and institutes, 20+ Chinese and foreign research institutions, 200+ Chinese and foreign governmental agencies and 14 international organizations have clearly expressed their intention to participate at COIFAIR. It is expected that at the opening of COIFAIR 2012, the number and scale of Chinese and foreign participating agencies from all over the world could very well dramatically surpass that of the first three COIFAIRs.
According to official statistics provided by the Chinese government, China’s net outbound direct investment reached $74.6 billion in 2011. By the end of 2011, Chinese investors had set up 18,000 overseas investment companies in 177 countries and regions around the world with net outbound direct investment adding up to $425 billion, and company assets of foreign registered companies with Chinese ownership reaching nearly $2 trillion as of the end of 2011. During the first eight months of this year, China’s foreign direct investment outside the financial sector reached $47.7 billion, up 39.4% year on year. These figures reflect the current trends evidencing the rapid growth of China’s overseas investments, and explain, why, from one key aspect, the world investment community is closely following and highly engaged with this year’s COIFAIR.
SOURCE China Industrial Overseas Development & Planning Association