SIEMENS China to recover investment 10 billion plans to recruit 5000 staff

President of SIEMENS Chinese mentioned on the China region development strategy, in order to maintain sustained growth performance of the company, SIEMENS will increase in business strategy, product composition and financing etc.." Yesterday, SIEMENS (China) PR department official said in an interview, the company currently has a number of mergers and acquisitions in China project negotiations are underway at the same time, the joint venture company to consider the corresponding increase in the shares, or become a wholly owned subsidiary.

SIEMENS also said that in order to explore more Chinese talent, the company plans to hire 5000 new employees this year. In order to maintain the benefits of growth, SIEMENS will invest an additional 10 billion yuan in Chinese, and by greatly enhance local production, research and development, design, procurement and management training and leadership development to promote the localization process. As a witness to its commitment to the Chinese market, SIEMENS will invest 1 billion yuan to build its new headquarters in Beijing.

Previously, SIEMENS vice president and chief financial officer, in an interview in Shanghai has said that SIEMENS is very interested in the domestic market for the A stock market, and SIEMENS wants to grow in the Chinese market, seeking in the domestic market is also very wise.

He said that this is a better way to integrate into the local business environment SIEMENS, an important way to achieve localization. According to him, SIEMENS is expected to be ready to work before the listing in 1 years.

In this regard, industry analysts believe that local financing will help reduce the cost of investment in the parent company of multinational companies, so that funds and investment projects more closely, thus avoiding exchange rate risk.