Meeting China’s resource needs

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08 June 2009

Michelle Ling, managing director and regional head of export finance, Asia, and Stephanie Clement De Givry, managing director and head of natural resources and energy project finance, Asia at Societe Generale discuss opportunities in the natural resources and energy sectors.

As the world waits for signs that the global financial crisis may have reached bottom, one trend that shows no signs of slowing is China’s tremendous demand for energy and natural resources. Despite the challenges of the current economic environment, and the recent downward pressure on commodity prices, Chinese businesses continue to look for opportunities to secure long-term supplies of energy and natural resources, and they find ready support from cash-rich Chinese banks, and sophisticated technical advisory services from international banks.

Against the backdrop of the slowdown in the global economy, energy and natural resources deals continue to move ahead. According to the World Bank, the Asia Pacific region needs to spend at least $180 billion per year on infrastructure projects just to cope with population growth. Across the region, investments in port facilities, railways, roads and airports are needed to improve efficiency and promote international trade. Concurrent with...

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