Business news

MINSK, 30 August (BelTA) – The list of Belarusian enterprises, which seek Chinese capital, may be expanded, BelTA learned from Yuri Trich, Head of the State Property Reformation Department of the State Property Committee of Belarus.

A list of Belarusian organizations seeking Chinese investments was compiled in early 2017. The document also specified preliminary terms for investing in their joint stock. The list included two joint-stock companies, two state-owned companies, and an investment project for building a hydropower plant on the Zapadnaya Dvina River. The first project with an enterprise from this list has been implemented this year. RUP Institute Belgosproekt has been converted into a public joint-stock company (OAO) with a share owned by the Chinese company Beijing JianYi Investment and Development (Group) Co.Ltd. Positive changes in the Belarusian company’s work have been registered since then. In particular, the portfolio of orders is increasing.

Government agencies, including the Architecture and Construction Ministry, the state light industry concern Bellegprom, and the state food industry concern Belgospishcheprom, have suggested adding five enterprises to the list. “We are going to discuss them at a session of the Belarusian part of the working group. After the proposals are reviewed by the Belarus President Administration, the proposals will be forwarded to the Chinese side,” said Yuri Trich.

Work on the pilot list was discussed during the fourth session of the trade and economic cooperation commission of the Belarus-China intergovernmental cooperation committee in Beijing on 24 August. Close attention was also paid to assistance with the development of the China-Belarus industrial park Great Stone, to investment and credit cooperation, and the potential of the first China International Import Expo. The possibility of sending representatives of Belarusian enterprises to China for studying the experience of improving the performance of state-run enterprises is under consideration.