Through its Hangzhou subsidiary, the Tianjin Capital Environmental Protection Company Limited (TCEPC) has acquired the Hangzhou Qige sewage treatment plant paying a price of 860 million yuan (US$107.5 million). This is just one of many aggressive moves by both domestic and foreign firms to develop China’s water business. With government policy support for improved urban sewage treatment and pricing reforms being implemented in the market for water, more investment is flowing into the sector.