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SHANGHAI, Sept. 24 (Xinhua) -- Chinese enterprises have positive expectations on investment in BRICS countries.


"The investment in Brazil will reach 70 percent of our company's overall overseas investment Nerlens Noel Authentic Jersey , after the completion of the acquisition," Ge Junjie, chairman of Hunan Dakang Pasture Farming, said in Shanghai Saturday at a seminar on overseas investment.


Ge, whose company is based in central China's Hunan Province, said that this June the company's strategic investor, Shanghai Pengxin Group Monta Ellis Authentic Jersey , and its wholly owned subsidiary abroad DKBA, had acquired a 53.99 percent stake in Belagricola, a company specializing in agricultural equipment sales in Brazil.


In 2016, the group bought a 57 percent stake in Fiagril, a Brazilian trading company.


More Chinese companies are seeking investment opportunities in BRICS countries.


Huang Qingfeng, president of Shanghai Zhenhua Heavy Industries, said that the company started investment in Brazil Justin Anderson Authentic Jersey , India, Russia, South Africa in 1996, 2005, 2006 and 2008 respectively, seeking cooperation partners. The company is now negotiating a fully automated wharf project with Indian customers.


Earlier this year, Beijing Gas Group bought a 20 percent stake in a Rosneft subsidiary.


Chinese companies are now investing in more countries and diversified industries Jose Juan Barea Authentic Jersey , according to Cline Zhang, branch manager of Citibank (China) Shanghai Branch.


Zhang said that Chinese companies are behaving in more robust fashion, focusing on sustainable development and risk aversion.


The potential that BRICS members will expand investment to each other is large. Overall foreign investment by BRICS has reached 200 billion U.S. dollars, accounting for 12 percent of total global investment, yet bilateral and mutual investment among BRICS accounted for only 6 percent of their overall investment.


According to Huang Qingfeng, a stable domestic economic policy is a major prerequisite to attract overseas investment. Meanwhile, BRICS countries can improve their standard of service and guarantee for overseas investors.


"Using the renminbi as a settlement currency Jose Barea Authentic Jersey , as well as providing more convenient tax and visa facilities, can prompt more Chinese companies to invest in BRICS," Huang said. "More financial and consulting services are needed to help lower risks."


China Economic Information Service and PricewaterhouseCoopers China published a BRICS Investment Environment Report on Saturday, which provides information on macro-economics, the investment environment and the latest investment policies.


In the future, the upgrading of domestic demand and the industrial complementarity among BRICS will be the main factor driving Chinese companies to invest in BRICS, according to industry insiders.


Ge Junjie said that the future integrated operation of Belagricola and Fiagril would enhance his company's global competitiveness and lower the risks of overseas operation.


"Agricultural products from Brazil JaVale McGee Authentic Jersey , such as sugar, coffee and fruit juice are expected to enter Chinese market with better quality and lower prices in the future," Ge said.


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