The Minister for Economic Development Joe Bossano is travelling to China today to hold meetings with the prospective investor group with regards to the projects that have been under discussion for some time and where the first of these has been in the evaluation phase in the first quarter of this year as previously announced.

The meetings scheduled in Beijing, as well as involving the joint venture partners, will involve some very large Chinese corporate entities currently engaged in investing in Europe.

There will also be meetings in Hong Kong with the Bank of China, amongst others, organised by the joint venture partners. It is expected that the launch of a Gibraltar product for Chinese investors will be announced in Hong Kong but the final details of the presentation of this product are still under consideration. In addition, Joe Bossano will also be meeting other parties organised by Jason Cruz and the Hong Kong office. These meetings will take place on Friday and Joe Bossano will be returning on Saturday.