Mr Antonio Han Tat Chan, Vice–chairman of King Wai Group (Thailand) Public Company Limited, or KWG, was one of the leading industry representatives invited to join the welcome dinner with Premier Li Keqiang on November 4th 2019.
Over the past 5 years, the People’s Republic of China has strived in its developmental efforts across the globe by fostering the “Belt and Road Initiative”, or BRI, which aims to promote economic growth and friendship by recreating a 21st Century “Silk Road”, a robust program of partnership, investment and economic cooperation through which the Chinese government has joined the economies of several countries around the world by a network of investment projects. With Thailand playing a centrifugal role in this development program, a welcome dinner was recently held at the Main Hall of the Thai-Chinese Chamber of Commerce, Bangkok, Thailand, hosted by the Thai-Chinese Chamber of Commerce, the Tio Chew Association of Thailand, and the Thai-Chinese Association in honour of H.E. Li Keqiang, Premier of the People’s Republic of China, who relayed the latest details and progress of the “Belt and Road Initiative”.
Premier Li and a number of leading investors exchanged and discussed various matters on the agenda, which included topics such as the mutually beneficial cooperation between Thailand and China that will shape the future economic strategies of both countries and the region, and bring further opportunities for development to Thailand. As a key figure in the efforts to engender cooperation between Thailand and China, Mr Antonio Han Tat Chan, Vice-chairman of King Wai Group (Thailand) Public Company Limited, or KWG, was one of the leading industry representatives invited to join the welcome dinner with Premier Li Keqiang on November 4th 2019.
The BRI Policy was initiated by President Xi Jinping in 2013 and coincided with King Wai Group’s rapid expansion overseas, which included strategic investments in countries such as Thailand. KWG increased its presence in Thailand through the acquisition of real estate businesses in Bangkok and surrounding areas, with a particular emphasis on projects incorporating community development concepts. Mr Chan views that the Thai real-estate market exhibits signs of tremendous growth in the long term and Thailand’s geopolitical location at the centre of ASEAN makes it a key hub for doing business across the region.
In addition to the property sector, another vital focus of KWG’s growth in Thailand is in the financial services sector and King Wai Insurance is well positioned to support Chinese companies in Thailand with insurance coverage for projects under the Belt and Road Initiative, as well as to contribute to the economic and social development of the local economy.
H.E. Li Keqiang, Premier of the People’s Republic of China with members from Thai-Chinese Chamber of Commerce, Bangkok, Thailand, hosted by the Thai-Chinese Chamber of Commerce, Chaozhou Association of Thailand, and the Thai-Chinese Association
Furthermore, KWG has amassed a considerable land bank in the neighbouring province of Chachoengsao extending to almost 2,000 rai, or 3.2 million sq. m, currently being designed at the master plan stage for proposal to the Eastern Economic Corridor Policy Committee. The project aims to create a new city that redefines the meaning of living and answers the needs of all lifestyles, with the integration of a wellness centre, educational institution, and themed attractions to stimulate the tourism sector. The new city is a truly remarkable demonstration of the limitless opportunities afforded by the strength of the strategic partnership between Thailand and China.
Mr Chan stated, “KWG expanded its business in Thailand after seeing the prospects of the Thai economy driven by public consumption, trade, and investment in public utilities and infrastructure. The cooperation between Thailand and China has also led to the exchange of knowledge for the mutual benefit of both countries. Our group is ready to be an important contributor in all areas of this continuous growth and we are particularly proud of the educational support we provide through the “Belt and Road” Scholarship Program for Thai students to study in Hong Kong educational institutions, as well as the “Bauhinia Valley Innovation and Development Center” to support and accelerate innovations and nurture young entrepreneurs.”