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The Central Government-led green-tech company, China Energy Conservation and Environmental Protection Group (CECEP), opened its office in Hong Kong today (September 20), using Hong Kong as its platform to go global.
CECEP is the only Mainland central enterprise specialised in energy conservation, emission reduction and environmental protection. Its focus is on municipal infrastructure for energy conservation and environmental protection, energy saving for industrial use and the integrated use of key resources, clean technologies and new energy projects. CECEP (Hong Kong) Investment Co Ltd is the group's wholly-owned subsidiary and oversees its international operations headquarters, which is mainly responsible for overseas investment, fund raising, carbon and international trading. The Hong Kong subsidiary will focus on the environmental protection business and actively explore overseas investment opportunities in related areas.
Chairman of CECEP, Mr Wang Xiaokang, said, "The opening of our Hong Kong office is a major step forward in our go global campaign. We want to make use of Hong Kong's international status as a platform from which to expand our business overseas and build up our brand image as one of the world's top-notch green tech enterprises.
"Hong Kong, as the world's freest economy and an international financial centre, provides a free flow of information, excellent infrastructure, well established legal framework, low tax regime and a wide range of financing sources. That is why we chose Hong Kong as our international headquarters to enhance our global competitiveness," he added.
Director-General of Investment Promotion, Mr Simon Galpin, welcomed CECEP's setting up its first office in Hong Kong and said, "As Hong Kong strives to move into a sustainable economy, it is important that we attract more technology companies like CECEP. We believe that the establishment of this operation in Hong Kong will bring us innovative products, services and technologies and add to the diversity of our environmental protection cluster."
About CECEP
Established in 1988 in response to the second oil crisis, CECEP is a state-owned enterprise in Mainland China dedicated to promote energy saving and environmental protection technology and projects. It covers three major business areas: energy conservation and emission reduction services, environment protection (treatment of waste water, solid waste and waste gas), clean technology and new energy. The corporation has 200 wholly-owned and holding subsidiaries with over 30,000 employees. For more information, please visit www.cecep.cn.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As at June 2012, Invest Hong Kong had completed over 2,600 investment projects, creating more than 30,000 new jobs in the first year of operation or expansion and HK$67 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit: www.flickr.com/photos/investhk/sets/72157631579953991/.
Ends/Thursday, September 20, 2012
Issued at HKT 17:14
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