Group Chairman Fu Yuning led a delegation in a business visit to Myanmar between 19 and 22 July. During the visit, the team conducted In-depth studies on the investment environment and industry development in Myanmar.

The delegation visited the Embassy of China in Myanmar, China Harbor Engineering’s Myanmar branch and the ICBC Yangon branch, met the management of major Myanmar enterprises including DBS Myanmar Office, Shwe Taung Group, Capital Diamond Star Group, Jinping Asia International Investment (金平亚国际投资有限公司), and Mandalay Myotha Industrial Development Public Co., Ltd., as well as government officials from the Myanmar Ministry of Foreign Affairs, Myanmar Investment Committee, Ministry of Electricity and Energy, Ministry of Commerce, Ministry of Environmental Conservation and Forestry, and Ministry of Construction. Government officials and enterprise leaders in Myanmar were introduced to the core business and development history of China Resources Group. Moreover, the team conveyed China Resources’ interest in investing in Myanmar and contributing to the development of the country.

Through the visit, the delegation acquired a deeper understanding of Myanmar’s natural resources, infrastructure, economic development, domestic and foreign policies adopted by the new Myanmar government and the policy objectives, and the outlook for China-Myanmar relations. The team conducted in-depth market research on the local industries including power, cement, real estate, heating, retail and beer. The first-hand information collected will lay a solid basis for the company’s future investment in Myanmar, enabling it to be actively involved in the socioeconomic development of the country.

The delegation included members of China Resources Group management Chen Lang, Wang Chuandong, Zhou Longshan and Chen Ying, accompanied by relevant personnel from China Resources Power, China Resources Land, China Resources Cement, China Resources Gas, China Resources Retail, China Resources Beer and China Resources Property.