Chinese listed firms seek opportunities along Belt and Road

Updated 2017-05-14 16:01:17 Xinhua

Chinese listed companies have actively participated in the Belt and Road Initiative, using it as an opportunity to expand overseas while boosting revenues.[Special coverage]

By the end of 2016, 284 of the 1,870 companies listed on the Shenzhen Stock Exchange had taken part in the initiative through various means, according to a statement released by the exchange.

Private companies accounted for 70 percent of this number, while state-owned enterprises were the major forces behind infrastructure construction projects in countries and regions along the routes.

Altogether, the companies exported products worth more than 90 billion yuan (about 13.05 billion U.S. dollars), constructed projects totaling about 150 billion yuan, and made around 60 acquisitions of overseas assets.

Accelink Technologies, an opto-electronic components supplier, for example, made 800 million yuan in overseas revenue in 2016 through exporting to countries including Australia, India and Ethiopia.

KDX, a polymer material provider, made 718 million yuan of sales in countries and regions along the Belt and Road in 2016, accounting for 23 percent of its overseas revenue.

Proposed in 2013, the Belt and Road Initiative is a grand plan to connect Asia with Europe and Africa along, and beyond, ancient trade routes by putting in place an unparalleled trade and infrastructure network.

So far, the initiative has won support from more than 100 countries and international organizations, of which over 40 have signed cooperation agreements with China.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2017 02:56:50

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2017 02:56:50

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2017 02:56:50

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords