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According to the data released by London Investment Bureau, Britain has attracted the most direct investment from Chinese enterprises among European countries, among them Chinese investment in London accounting for 15%, about 1/3 of the total Chinese investment in Britain. It was estimated that by the year 2010 the direct investment from Chinese mainland and HK would increase by 25%, reaching accumulative USD70.1b. As of now, London Investment Bureau has assisted 41 Chinese enterprises in settling in London, creating working positions of almost one thousand.
In order to further enhance investment introduction from Chinese enterprises, in Feb. this year London Investment Bureau cooperated with an office renting service company named AVANTA to jointly put forward “London Service Center for Settlement of Chinese Enterprises” (Touchdown London). This project, locating at Hammersmith, in western London, can provide as long as three months free office tables and 25% renting discount of workplace for Chinese enterprises, and assigns full-time managers providing consultation and service for enterprise setting up. Apart from that, London Investment Bureau and Investment Promotion Department of the MOFCOM signed a “Memorandum of Understanding on Promotion and Cooperation of Mutual Investment” on Mar.6th. Both parties agreed to cooperate in this field.
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