A 15-member delegation from the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China, led by Yan Hua (fifth from left in the front row), visited Vancouver to understand local investment policies and regulations.
Photo & article: Sun Mingxue, journalist of Sing Tao Daily
Exploring business opportunities and attaching importance to mineral resources
A 15-member delegation from the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China visited Vancouver and held training activities on China-canada energy industry cooperation and investment promotion. According to the Yan Hua, head of the delegation, they focused on the mineral resource investment environment and policies, and potential investment opportunities, and would introduce the results of this tour to Chinese enterprises which are interested to invest in foreign countries. After the delegation arrived in Vancouver, they would take a day of training to understand local investment policies, laws and regulations.
On Thursday, CESC held a reception party in a hotel of Richmond to welcome the delegation from the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China. John Yap, Multiculturalism Minister of British Columbia, Richard Lee, BC Liberal MLA for Burnaby-North, Yuan Zhanling, Commercial Counselor of Consulate-General of the People’s Republic in Vancouver and Jan Liang, President of CESC were invited to take part in the party.
Chinese enterprises encountered many difficulties while investing in Canada
Yan Hua, the Business Development and Training Director of the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China said that the delegation were keenly concerned about the mineral resource investment environment and policies, and potential investment opportunities. She indicated that they gained positive results in learning the energy industry of Canada and boosting the bilateral cooperation in the energy industry, and they would introduce the results of this tour to Chinese enterprises which are interested to invest in foreign countries.
Yuan Zhanling said that the delegation is mainly concerned about the investment and trade opportunities in mineral resources and the import & export of commodities. He also said that Chinese enterprises encountered many difficulties while investing in Canada, including the high development cost, poor infrastructure, insufficient communication with indigenous peoples, and unavailability of employees in remote areas.
The fifteen delegates come from six provinces or cities, including Shandong Province, Hubei Province and Qingdao City. After they arrived at Vancouver, they received a day of professional training provided by counselors of the Consulate-General of the People’s Republic of China in Vancouver, MLAs and lawyers. It would help them to understand local investment policies, laws and regulations.
Vancouver is the last stop of the delegation to Canada. The delegates visited Toronto, Montreal and Ottawa before they came to Vancouver, and they would leave Canada on Monday.