Energy and Resources Development Fund of China (ERDFC)

ERDFC, a Hong Kong registered company, was founded by Mr. Ngai Keong in 1997 as a subsidiary of Baida Finance (Group) Co., Ltd. ERDFC is specialized in developing and promoting new energy, high-tech energy, renewable energy, green energy, clean energy, and energy saving products. ERDFC works closely with various governmental agencies in China especially those engaged in energy strategic planning, production, sale, and technology development.  

Under the full guidance and with full support of Baida Finance (Group) Co., Ltd, ERDFC has made its comprehensively strategic planning called "Grand Energy", which is specifically as follows:  

--Implement natural gas monopoly development projects in Macao, Cambodia, Malaysia and other countries through a comprehensive cooperation with China Chang Ge Group. This project has been approved and is supported by the Ministry of Energy of Qatar;  

--Establish overseas energy bases through project cooperation with oil- & gas-producing countries in Russia and Central Asia;  

--Establish long-term partnerships with famous enterprises in Russia and Central Asia and launch oil trade with annual scales up to 4.8 million to 6 million tons. Trades can start in Chinese mainland first and gradually expend to ASEAN countries;  

--Purchase and reorganize petrochemical institutes with development potential (including integrated unit equipped with oil terminals, oil depots, refineries, and transporting capacity) and become a private petrochemical group with international competitiveness in five years;  

--Develop advanced new energy products and hi-tech products.