Qingdao China Investment Group recently issued an announcement that: in order to meet the needs of business development, China Investment Group set up a wholly-owned subsidiary in Hong Kong -- Qingdao High-speed Train Industry Development Group (Hong Kong) Co., LTD. At present, the subsidiary has completed the registration procedures and obtained the registration documents.

Ring view:This investment to set up a subsidiary in Hong Kong is the company's development strategy planning and practical operational needs. On the one hand, it can obtain international credit and realize overseas listing financing through its subsidiary in Hong Kong. On the other hand, as an international financial center and trade center, Hong Kong has obvious geographical advantages, which is conducive to further strengthen the exchange and cooperation with the international market, develop, absorb and integrate more international resources, and improve the market competitiveness and brand awareness of the company.

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