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Foreign and domestic investors flock to Nanjing
(China Daily)
Updated: 2009-02-26 09:49
The International Finance Corporation (part of the World Bank Group) and the French-owned BNP Paribas Bank have both recently set up joint-venture banks with the Nanjing City Commercial Bank, a local institution listed on the Shanghai Stock Exchange. Other major international players, including Standard Chartered, the Union Bank, the Hang Seng and the Bank of East Asia, have also established a presence in Nanjing. One of the major appeals for investors in the city has been Nanjing's skilled workforce and its strong tradition of pioneering research and development (R&D). It ranks among the top four cities in China in terms of education resource and research capability. In total, Nanjing has 61 higher learning institutions with a total student body of more than 600,000. |
