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Tibet sets up investment company to promote growth, development

Xinhua

Southwest China’s “Tibet Autonomous Region” established its first investment company on Wednesday to promote economic development.

Tibet Autonomous Region Investment Co., Ltd. was funded by the regional finance department with a registered capital of 600 million yuan (87.6 million U.S. dollars).

The company will be a platform for capital financing, attraction of expertise and industry investment, said board chairman Wang Yunjin. Its business includes securities, funds, banking, real estate, transport, tourism and the high-tech sector.

Investment has played a key role in driving the growth of the region, which is still underdeveloped compared with the central and eastern coastal region.

Disclaimer: N.B. Xinhua is the official news agency of the Chinese government (PRC). Tibet Sun has republished this piece to bring awareness among the people.

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