500,000 Zeng Merchants Overseas Gold Rush: Minerals, Entity Industry

Zheshang overseas investment has continued to heat up recently.

On September 19th, Zhejiang Wanxiang Group officially put into operation at the Huizhong Mining Co., Ltd. of the North Korea’s Huishan Youth Copper Mine. The mine has now discovered 33.1 million tons of copper ore, which ranks first in Asia. Wanxiang owns a 51% stake in the joint venture project for a period of 15 years.

The person in charge of the Department of Foreign Affairs of the Zhejiang Provincial Department of Commerce told the reporter that in the first eight months of this year, Zhejiang had approved and approved 326 overseas enterprises and institutions, with a total investment of 2.666 billion U.S. dollars, an increase of 76% year-on-year; of these, 25 were M&A projects with a total value of 1.045 billion U.S. dollars in mergers and acquisitions. . The total scale of overseas investment and the year-on-year increase ranked first in the country for three consecutive years.

The newspaper survey found that Zhejiang has included its strategy for global resource allocation in the “Twelfth Five-Year Plan” and will provide policies such as ** reserve to support local enterprises “going out”.

500,000 Zhejiang Merchants Invest in Overseas Investment

Targeting Foreign Entity and Mineral Resources

Zhejiang businessmen have taken a look at foreign entities and mineral resources.

On September 8, the joint venture R&D project of Zhejiang **year Passenger Car Group Co., Ltd. and SAAB Automobile A. B. was approved by the Zhejiang Development and Reform Commission. The project is located in Trollhattan, Sweden, with a total investment of 19.8 million U.S. dollars.

Pang Young, chairman of the Youth Group, said that Zhejiang's manufacturing industry is shifting to high added value, while European and American companies have high-tech, well-known brands, sales networks and a sound market environment, which are all needed by Zhejiang private enterprises. Previously, Young Auto, a large group (601258) signed a non-binding memorandum of understanding with Saab, involving a total of about 245 million euros of strategic cooperation plans.

“Entering the upper reaches of the industrial chain can effectively reduce production costs.” Qi Lier, chairman of Frida Group, recently spent 283 million US dollars in cash, and acquired 100% of the shares of Canada-based Neucel Specialty Cellulose Co., Ltd., as well as all production, operations, and sales. The network has become one of the global manufacturers of special dissolving pulp with an annual production capacity of 160,000 tons.

Qi Jianer said that the project can grasp the international market pricing power and sales channel initiative. Since the dissolving pulp price rose from US$1,000/tonne in 2009 to US$2,000/tonne in the first half of the year, the average monthly profit was US$10 million, and the annual profit was expected to reach 600-700 million yuan, equivalent to half of the total purchase price. about.

Driven by such large projects, some cities and districts in Zhejiang have completed the annual quota of overseas investment in advance. For example, Jinhua City approved and approved 10 foreign companies and institutions in the first half of the year, with a total investment of 101 million US dollars, an increase of 165% year-on-year; Haining Overseas Investment amounted to 25.94 million US dollars, an increase of 118.90%.

It is worth noting that more Zhejiang enterprises have chosen to fight in groups. Last year, Wenzhou invested 5 million U.S. dollars in small and medium-sized footwear enterprises and built Pengsheng Industrial Park in Uzbekistan. It will form a production capacity of 600,000 furs and 4 million pairs of shoes.

There are two state-level overseas cooperation zones, such as the Thai-Chinese Lorong Industrial Park invested by Zheshang and the Longjiang Economic and Trade Cooperation Zone of Vietnam, and another six private enterprises are building overseas industrial parks, which has attracted nearly 100 Zhejiang enterprises.

According to public data, as of the end of 2010, there were 500,000 Zhejiang merchants engaged in agriculture, forestry, animal husbandry, and fishery industries in more than 40 countries and regions in the world, contracted more than 300 million mu of land, and contracted 50 million mu across provinces. The development of agriculture, the area has exceeded the cultivated land in this province, equivalent to a reconstruction of Zhejiang agriculture.

Zhai Jun, secretary general of the Zheshang Capital Investment Promotion Association, pointed out that in today's increasingly scarce resources such as land, environment and labor, Zhejiang businessmen have used “globalization” to break through the spatial and temporal pattern of the distribution of production data.

According to Wang Licheng, vice chairman of the Zhejiang Provincial Federation of Industry and Commerce, Zhejiang’s various types of resources are relatively poor, and the industrial structure dominated by traditional manufacturing and processing industries is facing resource shortages of raw materials and land, electricity, and manpower. The establishment of industrial parks or industrial clusters can promote the restructuring and transformation of domestic related industries.

Taking the Zhejiang Yuemei Group's textile industrial park in Nigeria as an example, its total investment is nearly 50 million U.S. dollars and covers an area of ​​more than 600 acres. Since 2009, more than 4,000 looms have been developed around the park, spurring local cotton yarn traders. , flower makers, printing and dyeing companies, and warehousing companies and other types of business development.

Xu Zhiming, Chairman of Yuemei Group, told this reporter that the park has initially formed a complete industrial chain from spinning, weaving, embroidery and knitting to a complete set of garments. It will build a platform for Chinese-funded enterprises, and the efficiency of the release will radiate throughout Africa. .

“The ultimate way to expand foreign trade is still in the transformation of foreign trade.” Lan Jianping, director of the Zhejiang Institute of Industrial Economics, said that Zhejiang’s dependence on foreign trade exports reached 52%, and there were 35,000 export enterprises of various types in the province, including textile and apparel exports. About 1/4 of the country's total. Lan Jianping believes that we can not rely entirely on exports to domestic sales to solve the problem of the exit of the foreign trade industry.

Apart from the "Baoting" construction park, Zhejiang also actively promotes private enterprises to invest heavily in resources and energy development, international industrial transfer, and cross-border mergers and acquisitions. During the “Twelfth Five-Year Plan” period, Zhejiang will focus on supporting and promoting 100 overseas investment projects, creating 10 overseas development platforms for competitive industries in Zhejiang, and cultivating more than 100 Zhejiang-based multinational companies.

According to the “Twelfth Five-Year Plan for the Use of Foreign Investment and Overseas Investment” compiled by the Zhejiang Provincial Development and Reform Commission and the Department of Commerce, the overseas investment of Zhejiang enterprises will reach more than US$10 billion within five years, an increase of 60 percent over the “Eleventh Five-Year Plan” period. %the above.

Chen Jinxiang, director of the International Payments Division of the Zhejiang Provincial Bureau of Management, believes that the current world economic growth is showing signs of slowing down, and emerging market economies continue to see strong growth. However, inflationary pressures are high and the sovereign debt crisis is spreading. In the first half of 2011, total foreign exchange sales in Zhejiang amounted to US$152.8 billion, and net inflows grew too fast.

On September 1st, the National Bureau of Administration of the People's Republic of China recently approved the “Piloting the Pilot Project for External Debt Registration of Domestic Banks in Ningbo”, which opened up new roads for overseas investment companies.

Previously, Wenzhou City had piloted individual investor annual direct overseas investment not exceeding 200 million U.S. dollars, and a single-time equivalent of not more than 3 million U.S. dollars, which could be newly established, mergers and acquisitions, and shareholding enterprises. However, the plan was quickly stopped internally.

Su Xiangqing, director of the Bureau of Foreign Trade and Economic Cooperation of Wenzhou, said that at present the review procedures for overseas investment by enterprises are slow, and they are also facing competition from overseas investors. If individual direct investment is opened up, small and medium-sized enterprises in Wenzhou will be able to invest more quickly.