In the Investment Report & Projects Negotiation Conference held today, the representatives of Hong Kong New World (China) Real Estate Co., Ltd. and Taiwan Ting Hsin International Group introduced the development situations of their enterprises in recent years in Tianjin. Their speech showed that Tianjin really was the loam for investment to all conferees.

The chairman, director and general manager of Hong Kong New World (China) Real Estate Co., Ltd Dr. Zheng Jiachun said:" With the Bohai Sea in the east and the Yanshan Mountain north, Tianjin is Beijing's gateway to the sea and the land. For its convenient transportation net in sea, land and sky, Tianjin is an important economic center in Northern China. Advantageous geographical location, great space for economic development and sincerity for importing foreign investment of Tianjin provide us unlimited opportunities. In 1995 our group was the first to invest and develop the large-size real estate item "Hua Yuan Residential Quarter". Then we invested funds in the item of transformation of old city proper, of which over 10 items has finished, and some 0.3 million sq.m. have been removed by now. At present, our investment in Tianjin exceeded 4 billion RMB. And our group has become the biggest developer in real estate, which has built 440,000 sq.m. tenements, developed 160,000 sq.m. and broadened old road totally 3.7 km.

Mr.Zheng said:" When we met difficulties during the course of investment and development, Tianjin government always help us promptly. When our development plan was different with city constructing scheme, the related department always made house calls and discussed with experts to draw up feasible programs. When the local residents didn't agree with our development, government sent working personnels to coordinate and persuade them. Through these facts, we felt that Tianjin government did a lot of jobs in optimizing investment climate; for example, they greatly helped investors in a lot of concrete aspects, and published several preferential policies.

Having the same feeling with Mr. Zheng, the chairman of Taiwan Ting Hsin International Group Wei Yingzhou said:" 'Mr.Kang', the well-known brand, was born in Tianjin in 1992. The success of 'Mr. Kang' in the market helped the group to make up of its mind to develop in mainland. The group imported Taiwan special manufacturers to set to equipping factories in the way of cooperating management, which finished vertical integration of the whole industry. By now, the Ting Yi Holding Company belonging to the group has 50 companies and 34 factories in mainland. Having consolidated its market in mainland, Ting Yi, which products has entered USA, Canada and Australia, and began to put in Hong Kong from this March, is trying its best to develop it international market."

And he said:" The factors facilitating his investment in Tianjin are not only the geographical advantages of Tianjin, but the new concept" Service is productive forces" of Tianjin government and the excellent software condition for investment. Investors are favored in Tianjin Economic and Technological Development Area, enjoying preferential policies and high-quality service provided by Tianjin government."

Mr. Wei said emotively:" 'Mr. Kang' would not be successful without
Tianjin and the help of Tianjin government."