BEIJING, July 2 (Xinhua) -- Singapore Kwangtung Huikuan will launch a foreign investment fund of 500 million yuan to 1 billion yuan in the Guiyang Free Trade Zone to mainly invest in industries such as health, education and tourism in southwest China’s Guizhou Province, according to the chinanews.com.
On June 28, Guizhou Overseas Friendship Association, the Guiyang Free Trade Zone Management Committee and the Singapore Kwangtung Huikuan signed a memorandum of cooperation in Guiyang, capital city of Guizhou Province.
Under the memorandum, Singapore Kwangtung Huikuan will also set up joint ventures with the companies in Guizhou Province to carry out businesses such as education, environmental protection, biotechnology, artificial intelligence, pension, health care, tourism, warehousing and logistics and others.
Established on September 25, 1937, Singapore Kwangtung Huikuan has a history of 81 years. At present, it has 66 group members. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
