China-based Poly Technologies subsidiary accelerates the pace of its investment in international projects
BEIJING, Oct. 15, 2015 /PRNewswire/ -- A delegation for China-Africa Investment and Development Co., Ltd., a subsidiary of Poly Technologies Inc. (Poly Technologies), has finished its first roadshow to raise funds in the United States for the Emerging Markets Power Fund (EMPF). Results have proven positive. EMPF is an equity investment fund jointly established by China-Africa Investment and Development Co., Ltd. and US-based GEC with the aim of raising $500 million for overseas power-related projects.
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Under the leadership of Poly Technologies general manager Wang Lin, the delegation travelled to Washington, D.C. and New York where they met with nine influential fund investors including the Teachers Insurance and Annuity Association (TIAA-CREF), the National Electrical Benefit Fund and Green Capital, in addition to leading investment banking firms serving the new energy sector --Jefferies, Roth and Intel-FS Stone, America's largest globally-focused engineering firms -- AEcom and CCC Group Inc., and 9 influential fund investors in the industry including a clean energy investment fund whose board of directors include Bill Gates, Warren Buffett. Of note is that the delegation had a meaningful talk with OPIC, a sovereign government investment fund formed by the Obama administration, during which EMPF's investment model gained OPIC's preliminary approval. After the meeting, EMPF initiated the official application procedure for investment from OPIC.
With the implementation of the Chinese government's "One Belt One Road" strategy, many Chinese state-owned companies have become actively involved in overseas infrastructure investment. However, they face several hurdles, among which, a lack of knowledge and understanding of the PPP investment model, lack of overseas investment specialists, incomplete political and legal risk assessment concerning emerging market countries and difficulty in locating projects worthy of investment. Relying on Poly Technologies' 30 years of accrued strength in international military trade and China-Africa Investment and Development's years of experience and hard-earned lessons in overseas investment, EMPF is well positioned to a great extent to avoid many of the overseas political risks. China-Africa Investment and Development fully intends to follow all international rules in project development, collect together superior resources and be actively committed to bringing the foreign construction, equipment procurement, importation and exportation and other business opportunities to China-based construction, design, production and trade firms. These actions will not only go a long way in solving difficult challenges faced by state-owned firms looking to establish an international footprint, but also create development opportunities for Poly Technologies.
The 4-day EMPF roadshow has received a positive response from American investors, who recognized the strong brand advantages of Poly Technologies, the China-Africa Investment Fund and the shareholders of China-Africa Investment and Development. EMPF developed the model that allowed investors from United States and China to jointly form a fund as a vehicle to invest in development projects in emerging markets. It is a model which protects the interests of the investors as well as reduces their investment risk, in addition to helping industry investors, engineering firms and equipment providers in China and the United States implement their strategies for expansion into international markets. The model has gained acceptance among American investors. After the successful roadshow in the U.S., EMPF officially launched a China roadshow in April, 2015. The first phase of the foundation's efforts, consisting of nearly 20 projects, attracted the attention of many companies and institutions, all of whom have expressed an interest in cooperating with the electric power fund.
China-Africa Investment and Development, an investment platform jointly invested by Poly Technologies Inc. and the China-Africa Investment Fund, is an infrastructure investment company dedicated to creating partnerships. China-Africa Investment and Development gives full play to the advantages enjoyed by shareholders who have chosen to invest in and develop projects focused on the energy and real estate sectors as well infrastructure and logistics park projects, anywhere in the world where it makes sense and the project delivers meaningful results to the local population. The company's philosophy is dedicated to achieving win-win results for all partners. The successful operation of the EMPF fund has positively promoted economic development in African countries, while also making significant contributions to economic and industrial development in countries where Poly Technologies has a footprint.