Greentech Lead Asia: China’s Permanent Green Energy Fund
(PGEF) has signed an exclusive agency agreement with The Europe China
Foundation. The agreement allows The Europe China Foundation to find investors
for the PGEF outside of China.
The innovative agreement would guarantee to the investor
a minimum of 8 percent dividends and will provide big opportunities for EU
bankers to be the exclusive broker in the project.
PGEF has selected The Europe China Foundation as their
exclusive representative outside the PRC.
The agreement provides a platform for investors
outside China –both corporate and private– to invest directly in a
government-backed Chinese fund and reaping the benefits of the ascent of the
RMB.
The PGEF along with other private and governmental
partners has already rolled out an ambitious plan to take part in the building
of more than 17134 waste recycling plants all over China. In addition to
contribute to China’s UN Millennium Development goal to cut the intensity
of its CO2 emissions by 40-45 percent by the year 2020 the 200 Billion
dollar plan would also boost Chinese economy by allowing an almost
unlimited amount of foreign investment in RMB.
“For the last 30 years China has essentially
been the manufacturing arm of the developed world; almost 40 percent of their
GDP comes from exports, making us major contributors to their economy. Yet till
now they’ve kept us from participating actively in it. This step to open their
internal markets to Foreign Investment is an opportunity for China to
have a real partnership with the major world economies, and it will solidify
them as a world economic power,” said Bastiaan Van Gent, vice-chairman
of the Europe China Foundation.
China, EU collaborate on water management and urbanization
challenges
Recently, The Ministry of Water Resources of China
and the European Council announced a joint statement on building the China
Europe Water Platform at World Water Forum. The new platform will sustain
existing cooperation between the two sides and bring it to a higher level.
editor@greentechlead.com