Development

Equity Trust to set up Chongqing office

By Ma Wei (China Daily Chongqing Bureau)
Updated: 2011-04-21 15:40

CHONGQING -- Equity Trust Group, the world's leading independent provider of high-end administrative and fiduciary services, will set up its first office in Southwest China in Chongqing, the company told the local media last Thursday.

Chongqing is a "huge and dynamic" city and its economy is growing very fast, said Michel Bots, director of corporate services at Equity Trust.

"It has an ideal environment for our business."

The company has a global staff of more than 1,200 based in about 40 offices in 33 jurisdictions, including Shanghai.

To expand its network in mainland China, it planned to establish a presence in western China in Chongqing, and the deal has been finalized. But the company will also look at other cities in the region, the director said.

To better inform and educate the local market, Equity Trust Group worked with the Chongqing Foreign Trade and Economic Relations Commission (COFTEC) and a number of government bodies to jointly organize a seminar in Chongqing last week, outlining "China outbound investment strategy; expanding operations and capital going cross border."