2010-03-26 14:40

Legend Holdings Ltd plans to include energy and environmental protection industries in its major investment fields, said Chairman and President Liu Chuanzhi in an interview with the China Business News on Thursday.

Legend, a private company, has always been keen on investing in energy, environmental protection, and health industries, fields that were previously not easy for private companies to enter, Liu said.

The company will invest directly into those industries and operate them as core assets, he added.

The remark came just one day after the State Council, China's Cabinet, said it would support private investments.

The Chinese government will encourage private investments in sectors currently controlled by State-owned enterprises, such as transportation, telecommunications, energy, public utility, scientific and technological programs for national defense, and affordable housing projects, according to a statement released after the State Council's executive meeting on Wednesday.

Legend has already invested in the financial industry. In January, it became the biggest shareholder of Hankou Bank in Wuhan, capital of central China's Hubei province. But Liu told the paper that the company would exert caution before increasing investment in the field.

Legend will unveil details about its investment strategy after a work meeting on April 12, the report said.