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Int'l funds to be introduced for promoting urban renewal in Kunming

Source:   Time:

Primus Pacific Partners Ltd plans to invest hundreds of million yuan for participating in urban renewal of Kunming, said Huan Guocang(宦国苍), Chief Executive Officer of Primus Pacific Partners Ltd.

Huan has held senior investment banking positions at J. P. Morgan & Co., BZW Asia, Citigroup, Salomon Smith Barney, and HSBC, who has also joined the firm in July 2005.

He confidently said that a new round of western development had already been kicked off in China. Cities in West China have entered a period of rapid growth and have good prospects with a high return on investment.

Recently, the firm has signed a cooperation agreement with a local state-owned investment.

Yunnan has scored rapid development in foreign trade and economic with countries in South Asia and southeast Asia. Especially the past few years, Kunming municipal government has increased investment for urban infrastructure. Kunming will be constructed to a regional international city, opening up to the southeast Asia.

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