A ceremony was held in the morning of 28 April 2010 to celebrate the official opening of the Beijing office of China Everbright Limited (CEL) at the Everbright World Center, situated in the western part of the capital. The new office will be occupied by CEL’s Beijing Representative Office and Beijing units, including Investment Banking, Real Estate Fund and Venture Capital Fund. 

 

CEL has achieved exciting business progress in recent years. Its Hong Kong operations, focusing on asset management, have grown significantly. So far, CEL has established and is managing 10 investment funds including private equity fund, venture capital fund, industry investment fund and hedge fund, with over HK$10 billion AUM. 

 

Vice Chairman Zhang Qiutao said in his speech: “As a professional investment institution with a long history of business operation outside mainland China, Everbright leverages its asset management platform to help investors uncover Chinese companies with great potential, such as China High Speed Transmission Equipment, Gold Wind and Sunshine Paper. This not only provides the capital needed for the growth of these companies but also generates significant return for investors. On the other hand, with the rapid growth of China’s economy, CEL is keen to work with the banking, securities, insurance and asset management arms of China Everbright Group in building a more diversified cross-border financial platform, assisting mainland companies and individuals in cross-border investment and value enhancement.” Mr. Zhang added that the success of CEL is attributable to the care and support from all sectors. He looks forward to further support and guidance to China Everbright Group and CEL, as well as valuable opinion for the group’s development. 

 

The new Beijing office is styled after the Hong Kong headquarters of CEL, in order to maintain brand consistency. A fresh corporate image aside, the new office succinctly illustrates CEL’s confidence in its future development.