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'Invest HK' to setup Bangkok office to encourage Chinese firms
BY LARRY BANKS


Simon Galpin, Director-General of Investment Promotion, Invest HK, who will setup an office in Bangkok.

BANGKOK: -- Invest Hong Kong, a government unit that’s part of the Hong Kong Special Administrative Region, has just signed a memorandum of understanding with the Thailand Board of Investment (BoI) to establish a Bangkok office in order to promote Chinese companies investing in Thailand.

Simon Galpin, who is the director general of the investment promotion at Invest HK, says the agency’s Bangkok office should be ready by April this year as part of its cooperation agreement with the BoI.

The purpose is to encourage state-owned companies in mainland China to invest in more Thai projects.

Chinese state enterprises with large investment funds are reportedly keen to invest abroad, while Thailand and other Asean countries are included in their destination targets since the Asean Economic Community was formally establishes earlier this year.

Full story: http://ethailand.com/business-news/invest-hk-sets-up-bangkok-office/1481/

-- eThailand 2016-02-01

[thhMan]

Having a choice of investing in a country that would let you own your company and one that requires you to employ people you dont want, plus having to "give" a Thai majority ownership, is not much of a Brain teaser

[Eric Loh]

Investors are familiar with the conditions for local majority shareholders. Same conditions applied in many developing countries.

[seancbk]

This is potentially very good news.