| Essex company signs Chinese deal |
| Written by Business Weekly | |
| Monday, 12 December 2005 | |
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Essex-based finance house, London Asia, has signed an agreement with a leading Chinese environmental group.
Essex-based finance house, London Asia, has signed an agreement with a leading Chinese environmental group to help raise money from international capital markets and bring advanced environmental related technology and know-how into China. The arrangement was struck with the China Environmental Protection Foundation (CEPF) and was conducted through London Asia’s new German-based energy and environment (E & E) division, Clean Technology. Clean Tech will bring together specialist E & E teams in Germany, the UK, Canada and China. E & E is seen as a fast growing market, particularly in China, with substantial short and long term potential and favourable national and international regulatory frameworks. Simon Littlewood, London Asia’s CEO, said: "Basing Clean Tech in Freiburg is significant, as it is widely recognised as the European hotbed for renewable energy technology initiatives." CEPF is the first NGO in China specialised in raising and managing funds for environmental protection related businesses and manages the Collaboration and Development Fund, which raises funds from overseas capital markets to invest in the environmental sector in China. Littlewood said: "China represents the fastest growing environmental market in the world. The alliance with CEPF provides us with a strong source of good quality deal flow in this exciting sector."
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