"China is the largest investor in Myanmar’s Financial Hub, Yangon Region, in the first nine months of the current fiscal year, according to the Directorate of Investment and Company Administration (DICA). China is already the second largest investor in the country. The director of DICA’s Yangon Region Office, U Myo Khaing Oo, said on Wednesday that as of July 24, Yangon Region had given the green light to a total of 113 foreign investment projects in the current 2018-19 fiscal year, which ends on Sept. 30. Of those, 65 are by Chinese companies. “Chinese account for the biggest share,” said U Myo Khaing Oo, who is also secretary of the Yangon Region Investment Committee (YRIC). However, he did not reveal which sector received the most investment from China. In addition to the Chinese projects, the regional government approved 17 projects from Hong Kong; six each from India and Taiwan; four from Japan; three each from Singapore and the British Virgin Islands; and nine from other countries. The foreign projects were worth a total of US$201.022 million (303.83 billion kyats), according to the YRIC..."