BAIC launches European branch

BAIC Group is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing. [Photo: jxyscm.cn]

BAIC Capital, a subsidiary of state-owned carmaker BAIC Group, has opened a new office in Frankfurt, Germany.

BAIC executives say the German office will be its European hub as the company tries to expand its reach on the continent.

A special fund is expected to be run out of the Frankfurt office to help with investment opportunities.

For more on the move, the Beijing Hour's Shane Bigham spoke earlier with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.