GENERAL Electric Capital Services, a non-bank financial arm of General Electric Co, plans to open a representative office in Beijing. The office will concentrate on developing a range of financial services, including project, industrial and consumer finance. Karl Bongarten, vice-president and chief representative for China of GE Capital East Asia, described the mainland market as ''exciting . . . with great potential''. GE Capital already has business in China. Its wholly owned Genstar Container Corp has leased 27,000 TEUs (20-foot equivalent units) to mainland customers this year. The company also leases aircraft to regional and provincial airlines in China through Polaris and invests in Chinese power stations through Transport and Industrial Funding. Mr Bongarten said the Beijing office was important in spearheading the company's various business throughout China. GE Capital will also launch its second dragon bond issue in Hong Kong tomorrow. The issue is US dollar-denominated. The company has authorised Lehman Brothers to launch the offering. Interest for the bond is expected to come from Hong Kong, Beijing and Shanghai investors.