Representatives of multinational companies, international organizations and financial institutions from more than 120 countries will gather at a trade fair in Beijing to persuade Chinese investors to go overseas.

The Second China Overseas Investment Fair, approved by the National Development and Reform Commission, will be held in China World Trade Center on Nov. 2, the China Industrial Overseas Development and Planning Association (CIODPA), which is organizing the event, announced Tuesday.

Exhibitors would include representatives of technology, advanced manufacturing, resources development and financial services sectors, Fan Chunyong, deputy head of the CIODPA, said.

Sessions would cover the fields of overseas investment environment, mergers and acquisitions, and direct investment policy.

Special sessions would be held for exhibitors from the United States, Japan, Australia, Russia, and African and Latin American countries.

In the first seven months of the year, Chinese entities invested US$26.75 billion abroad, excluding investment in financial sectors, bringing total outbound investment by the end of July to US$226.5 billion, according to data from the Ministry of Commerce, which gave no year-on-year comparisons.

(Xinhua News Agency August 25, 2010)