Limited spaces available. Join us on 30 March 2009 @ Langham Hotel, Auckland City
International Sustainable Cities Forum
Building Sustainable Cities
Bringing together government and corporate leaders from New Zealand and China to explore the challenges and opportunities of building sustainable cities. Held in conjunction with the 1st Anniversary of the signing of the China-NZ FTA.
China oil firms could get FX to invest abroad
Article from Reuters
BEIJING, Feb 21 (Reuters) – China could use its $2 trillion in foreign exchange reserves to support foreign mergers and acquisitions by Chinese oil and gas companies, the China Daily said on Saturday.
Low-interest loans and capital injections could go to firms like oil giants PetroChina (0857.HK)(601857.SS), Sinopec (0386.HK)(600028.SS) and CNOOC that aim to expand overseas as the global recession lowers share prices of foreign firms, the English-language newspaper said.
Tags: acquisition, china, foreign reserves, investment, recession
International Sustainable Cities Forum 2009 is brought to you by New Zealand Chinese Herald and Euroasia. We also appreciate the support of McConnell Group, Framecad, China Urban Realty Association and The Embassy of the People's Republic of China in New Zealand.