Macrolink to invest $3.2b on overseas ventures

Riding the rising wave of investing overseas, Macrolink Group, a leading private enterprise in China, is expected to invest as much as 20 billion yuan ($3.2 billion) in the next three years to tap the tourism and mineral resources abroad.

Fu Jun, chairman of the board of Macrolink and a member of the National Committee of the Chinese People's Political Consultative Conference, said that the 20 billion yuan investment will be used for three overseas projects between 2015 and 2017.

"Two projects are tourism-related and the other one is a mineral resources project," Fu said on the sidelines of the ongoing two sessions.