Chinese Companies Buying Gas Distributors

Reuters reported that large state companies in China have been buying local gas distributors as a result of good prospects for expansion.

As quoted in the market news:

“Natural gas is clean energy that is enjoying a lot of state policy support,” said Liu Yang, chief investment officer of regional fund house Atlantis, which manages $4 billion and holds shares of Hong Kong-listed Chinese city gas distributors.

“The city gas sector has been under-invested and is just about to take off,” she said.

Click here to read the full Reuters.