Ningbo received an order of 23.7 billion CNY from centrally administered SOEs
- Details
- Category: Governmental News
- Published: Tuesday, 03 January 2012 14:51
On Dec.26, 117 centrally administered SOEs gathered in Hangzhou for an investment fair. 52 cooperative projects were signed between Zhejiang and the SOEs, with a total contractual value of 272.06 billion CNY. Ningbo scored five contracts, worth 23.7 billion CNY, taking the second place in Zhejiang.
The Ningbo reform and development commission that attended the strategic cooperation memorandum signed between SASAC and Zhejiang and the investment fair said the four SOEs which signed contracts with Ningbo were Overseas Chinese Town Group (OCT), China Resources Group, China Chengtong Metal Group and China South Locomotive & Rolling Stock Co., Ltd., respectively.
In addition, it is learned from Yinzhou District that three of the five contracts were signed with Yinzhou District. Besides their cooperation on super capacitor and tunnel equipment with China South Locomotive & Rolling Stock Co., Ltd, what was worth noting was their cooperation on developing Taoyuanwan Scenic Area with Overseas Chinese Town Group.
Taoyuanwan, lying in the border of Jishigang town and Hengjie town, with villages of Simingshan and Shengjia, bounds in beautiful scenes and is expected to become one of important leisure spots of Ningbo.
The OCT Group, starting from a stretch of mud flat beside Shenzhen Bay, has become a large-scale state-owned corporation engaged in cross-sector and cross-industry undertakings. Now it has fostered three leading major businesses, namely real estate, tourism and hotel development.
It is learned from Fu Chengyu, president of SINOPEC, that SINOPEC will invest over 80 billion CNY in Zhejiang Province during the “12th five year plan” period, mainly in oil refining project, ethylene project, LNG and the selling network of oil product.
The general manager of China Chengtong Metal Group Guo Cuiping said that the Zhejiang marine economic development has become the national strategy was an excellent opportunity for Chengtong and Ningbo. Accelerating the modern logistics will become one important impetus to the marine economic development.
Sources said in this investment fair Ningbo was the second biggest winner only after Zhoushan. Zhoushan signed cooperation contracts worth about 36.6 billion CNY.
It is learned that during the “11th five year plan” period Zhejiang signed strategic cooperation framework with 44 SOEs with a value of 1297.4 billion CNY. Zhejiang has introduced 246 billion CNY investments, ranging from energy, petrifaction, transportation, machine equipment to IT and cultural creativity industry
