BEIJING, Mar. 10 (Xinhua) -- China Minsheng Investment Corp (CMI), a leading international private investment group in China, recently announced to earmark 100 million yuan to set up a "Belt and Road" talent cultivation fund to offer localized talent support for development of the Chinese enterprises in Indonesia, the Xinhua-run Economic Information Daily reported on Wednesday.
Earlier, the CMI teamed up with a batch of Chinese private enterprises including Sany Group, TBEA Co., Ltd (600089.SH), and Zongshen Industrial Group to invest about 5 billion U.S. dollars to build an industrial park in Indonesia.
The CMI hoped to build a unique platform with industry and finance combined to realize international expansion and transformation and upgrading of the private economy, said the report.
Industry insides note that China and Indonesia are strongly complementary to each other in the development stage. China has already entered the middle and later stage of the industrialization and its industrial advantages just match market demands of Indonesia now in the stage of starting industrialization. In the coming five years, Indonesia will have huge demands in the infrastructure field such as port construction and mineral development. The rich experience and abundant funds of the Chinese private enterprises can offer support to Indonesia, a key country along the 21st Century Maritime Silk Road.
It is reported that the CMI planned to copy its experience and mode in the Indonesian industrial park and bring them to its investments and operations in countries such as Thailand and Kazakhstan. In the future, it will build additional five to seven overseas industrial parks to realize the scale effect.
China's high-quality private enterprises have to quicken the pace to "go global". Exports of the superior capacity and global resource allocation will help the industrial transformation and upgrading, which will offer a sufficient driving force for China's sustainable economic growth, said Li Huaizhen, president of the CMI.
It is a big trend for the Chinese private enterprises to "go global". However, if there is no such overseas investment platform built by the CMI, it will be difficult for a single enterprise to invest overseas. Through such platform, private enterprises can share services, strengthen cooperation with international financial institutions and realize smooth negotiations with them, according to Tang Xiuguo, president of Sany Group. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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