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Rothschild settles down in Tianjin

posted 27 Nov 2012, 04:40 by Mpelembe   [ updated 27 Nov 2012, 04:41 ]

 China-Investment Bank/Tianjin -- Rothschild settles down in Tianjin

China Central Television (CCTV) - The world's largest non-listed investment corporation, Rothschild, settled down innorth China's Tianjin Municipality on Monday to provide international financial services for Chinese enterprises such as trans-border acquisitions, reorganization and financing.

The Rothschild Investment Corporation, headquartered in London, has set up 57 branches in 45 countries and regions. Its China based group has successfully participated in many overseas acquisitions by Chinese enterprises, providing financial services and assisting them to realize their global strategy. The most noteworthy of these acquisitions include Chinese Bright Food's acquisition of Britain's Weetabix, and Nanjing Automobile's acquisition of Britain's MG Rover Group.

"The acquisitions made by Chinese enterprises have migrated from oil, gas, coal and other resources, to fields such as manufacturing, consumer products and other industry sectors. During this process we have paid close attention to technological advancement and international network development with Chinese enterprises, to help to realize a strong connection between our Chinese clients' business and the international platform," said Yu Liping, Head of Rothschild inChina, during the signing ceremony of Yujiaopu Financial District and Rothschild on Monday.

According to a leading figure at Rothschild, fields such as China's manufacturing industry can expect a pleasant future, both in entering the global market, and in the acquisition of overseas companies with advanced manufacturing technology that will prove important in aiding the modernization effort.

"China is very very important for the broad economy, especially for Germany too, because we have a very very export-oriented industry and economy. We do need the market, and of course China needs a strong market, a strong consumer market in Germany," said Gerhard Schroeder, former German chancellor and now a senior adviser at Rothschild.

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