2017年CRI BAIC launches European branch

（单词翻译）

BAIC Group is a Chinese state-owned enterprise and holding company of several automobile¹ 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 spoke² earlier with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.