HONG KONG, Sept 29, 2009 - (ACN Newswire) - China is just few days away from her most spectacular and most hi-tech celebration of the 60th anniversary of the People's Republic and the whole world is waiting for the day. Experts believe that with China's showing off her military power and a collection of supporting policies, investment companies with military industry background will have another boom.
The whole world has been facing the serious financial crisis since last year. However, global military spending still set a record reaching 1.464 trillion US dollars, which is a continuous 11-year-growth. China's military spending has jumped from 107.67 billion RMB to 480.68 billion RMB in the past 11 years since 1999. Experts believe that the Chinese government will spend more money in military in future years.
Along with the fast growth of military spending, the research and production of military equipment will have a bright future without doubt. This also proves that the defense industry is an anti-cyclical industry with stable growth.
Former COSTIND announced a series of policies since 2007 to support the reform of share-holding system inside military industry. The 17th National Congress of the CPC promoted the integration of defense industry enterprises and civil enterprises, which can be considered as a national wide transition of military technology for civil uses.
Increasing military spending and supporting policies for defense industry transition provides great development opportunities for investment companies with military background, such as China Innovation Investment Ltd (Stock Code: 1217.hk).
From the outset, the China Innovation Investment (CII) goal has been to invest in military background companies which adapt military technology for civil uses to produce energy-efficient, environment-friendly products. CII shows great foresight so that it insists in investing in 'new energy source, new light source and new material' industry whose technology were used in producing military equipment in the past.
Believing that, with the help of Chinese government supporting policies, there must be huge market for energy-saving military technology in civil market, CII continues cooperating with large state - owned defense industry enterprises and organizations. This greatly increases CII's reputation in China's defense industry. Moreover, with the advanced management philosophy and robust investment strategy, the company wins big market share in civil production market. CII will be the most notable military investment company with high future earnings expectation in China.
About China Innovation Investment Limited
China Innovation Investment Limited ("China Innovation", Stock Code: 1217.hk), as an investment expert in the field of dual-use technology and energy-saving industry, focuses on 'Three-New Industries', including "New Energy Resources", "New Light Resources" and "New Materials", promotes the military high-tech environment-friendly products to the civil market and wins a vast potential for future development. The Company is listed on The Main Board of The Stock Exchange of Hong Kong Limited on 28 August 2002. For further information, please browse www.1217.com.hk.
Investor Relationship Officer
China Innovation Investment Ltd.
Email: [email protected]
Sept 29, 2009 17:33 HKT/SGT
Source: China Innovation Investment Limited
Topic: Press release summary
Sectors: Daily Finance, Engineering
From the Asia Corporate News Network
Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.