CHINA Resources (Holdings) Co (CRC) plans to enlarge its non-trading business portion to more than 50 per cent through infrastructure and property investment, a company spokesman says.
Wang Xinwen, general manager of the enterprise development department, said the group had budgeted $1 billion annually for all kinds of investment but would focus on infrastructure and property investment in Hong Kong and China.
The current trading and non-trading proportions were at 65 per cent and 35 per cent.
'We plan to enlarge the non-trading portion to more than 50 per cent before 2000,' Mr Wang said.
He said the group planned to build its headquarters in Beijing next year and offer part of the building for rental.
He said the group had also injected one billion yuan (about HK$929.1 million) into the construction of the first phase of a power plant in Xuzhou, Jiangsu province.
The plant would have an installed capacity of 1,200 MW and the first phase would generate 600 MW by September. The group has a 35 per cent stake in the plant.
