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HONG KONG, Jan 15, 2010 - (ACN Newswire) - The development of integration between defense industry enterprises and civil enterprises in China is comparatively slow, due to the fact that the entrance into military arena is not an easy one, resulting in discrepant technological levels. With China's promotion on military-industrial economy at a target of 15% yoy growth in 2010, not only it can increase the R&D efficiency for military market, it can also induce a positive influence for civil- new technologies, which is actually a good news for those companies devoted into investments on the dual-use of new Industries throughout military and civil sectors.
The State Administration for Science, Technology and Industry for National Defense (SASTIND) said earlier at the working meeting that, the Government would treat the protection of army article, enhancement of strong capability, restructuring, leveling up and changes making as core duties in the coming year, with a target of military-industrial economy growth at above 15%. Apart from this, the Government would also adopt a series of actions, including the focus of integration and interaction between defense and civil industry based on the promotion of innovation technology.
The merge of defense and civil industry is seen to be a worldwide strategic policy, but China's progress is far slower than other western countries, due to the fact that the entrance into military sector in the country is rather tough and complicated. According to a report released by China's National Defense University, the US has encouraged the development for duel use of new technologies throughout military and civil markets years before, and it even works out a proposal regularly, which explains why the states has a better development in new technology.
In fact, MIIT has announced plans for 2010 few weeks before, saying the further boost of technology in national defense, and the integration of defense industry enterprises and civil enterprises would be one of the major tasks in 2010. It further reflects the Government is actually paying much attention to the integration, not only it can increase the R&D efficiency for military market, it can also induce a positive influence for civil- new technologies, which is regarded as a good news for those companies devoted into investments on the dual-use of new Industries throughout military and civil sectors.
China Innovation Investment Limited ("CH Innovation", Stock Code: 01217) as a listed company on The Main Board of The Stock Exchange of Hong Kong, puts a lot of focus on the investment opportunities of the dual-use of 'Three-New Industries', including "New Energy Resources", "New Light Resources" and "New Materials" throughout military and civil sectors in the capital market, and has already proven its breakthroughs in new energy batteries and new type LED products.
As the Government did show her greatest support to solar energy throughout a wide range of renewable energies, CH Innovation got an insight into the demand of new energy batteries and reserving systems. It explains why CH Innovation sees solar energy development as a huge opportunity, and therefore entered into an Acquisition Agreement with Topsun Creation Limited ('Topsun'), whose business includes the R&D, production and sales of new energy batteries with high capacities for civil- and military-use in May last year.
Apart from solar energy development, CH Innovation still looks for other investment opportunities in new industry, for example the Company has invested in Dooda Innovation Limited ('Dooda'), whose business includes R&D, production and sales of the dual-use of LED backlight and lighting technology in both military and civil market sectors in late November last year. With the Government's continuous support to the industry, the Company plays a strategic role to seize all the chances of growth in 'Three-New Industry' with promising return.
Contact:
Carmen Lee
Investor Relationship Department
China Innovation Investment Limited
Email: carmen.lee@ntg.com.hk
Tel: 2111 9988
Direct: 2155 6275
Mobile: 6301 6611
Fax: 2111 9989
Topic: Press release summary
Source: China Innovation Investment Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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