OREANDA-NEWS. July 11, 2012. According to information from Chongqing Education Guarantee Co., Ltd., senior investment official of International Finance Corporation (IFC) under World Bank Group in China has come to Chongqing and carried out due diligence for project approval.

IFC investment official expressed that it would continue to pay attention to the capital addition and stock expansion project of Chongqing Education Guarantee and was intended to participate in the next plan of Chongqing Education Guarantee to build a financial platform of comprehensive education. As to the specific investment and cooperation amount, relevant personnel of Chongqing Education Guarantee said that it would not be disclosed.

According to information, IFC is established in 1956 with its headquarters established in Washington, US. It is one of the affiliates of World Bank and devotes itself to promoting sustainable development of private economy of developing countries. In China, it mainly participates in cooperation in energy saving and emission reduction, environmental treatment, new energy and other aspects. According to analysis of insiders, successful cooperation with IFC will play an active role in improving integral competitiveness of guarantee industry, boosting local economic development and solving the difficulty of financing of middle and small enterprises.

According to the information of Industrial and Commercial Bureau of Chongqing, in recent years, foreign investors are very interested in Chongqing’s financial industry. Only in 2011, the foreign capital invested in Chongqing reaches over RMB 10 billion.