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Sun 1 Oct 2006 12:00 AM

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Chinese Institution Enters DIFC

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First Eastern Investment Bank, a member of the First Eastern Group, has received approval from the Dubai Financial Service Authority to operate from the Dubai International Financial Centre (DIFC).

The First Eastern Group is China’s largest direct investment firm.

First Eastern will focus on channelling investments into Chinese corporations in the infrastructure and services sectors.

It aims to list Chinese companies with strong track records on the Dubai International Financial Exchange.

First Eastern also plans to offer Chinese companies a range of financing options for projects in the Middle East.

Victor Chu, chairman of First Eastern, said: “First Eastern has over fifteen years of experience in the Gulf region and an unrivalled track record in China.

This combination will enable us to deliver an exclusive and proven platform, channelling capital into Gulf-China investment opportunities.”

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