The Municipal Government Signed a Strategic Cooperation Framework Agreement with Chuantou Hangxin Equity Investment Fund Management Co., Ltd
2017-08-25

Time: 2017-08-22 07:51 Source: Mianyang Daily

Mianyang News--On August 21, the people¡¯s government of Mianyang held a signing ceremony on strategic cooperation framework agreement with Chuantou Hangxin Equity Investment Fund Management Co., Ltd. Liu Chao, deputy secretary of the municipal committee and mayor of Sichuan, and Liu Tibin, the general manager of Sichuan Provincial Investment Group Co., Ltd., delivered speeches and witnessed the very moment of the signing.

As an SOE authorized by the provincial government and one of the main entities to finance and invest key construction projects, Sichuan Provincial Investment Group Co., Ltd. had made great contributions to the province¡¯s economic and social sustainable and healthy development by adhering to reform and opening-up and committed to innovation and development, Liu chao said in his speech. Chuantou Hangxin Equity Investment Fund Management Co., Ltd., in which Sichuan Provincial Investment Group Co., Ltd. owns shares, is a company specializing in investing PPP projects and also a company in charge of the investment funds of Sichuan province¡¯s PPP projects. With a total fund of more than 17 billion RMB, it has a strong capital strength and rich investment experience. Its participation in a wide range of areas such as energy, transportation, water conservancy, environmental protection and other provincial key PPP projects, fuels local economic and social development. At present, Mianyang is at a crucial juncture of major construction, development and opening up, which means the urgent need for it to strengthen close cooperation with various institutions, including Chuantou Hangxin Equity Investment Fund Management Co., Ltd. The successful signing of this agreement is a strategic decision made by both sides and will surely unfold a new journey for both sides to work together and speed up development. It is sincerely hoped that both sides can take the great opportunity of signing the agreement to strengthen the matchmaking of specific projects and to carry out all-round, multi-level pragmatic cooperation on the construction of PPP projects, the revitalization of deposited state-owned assets, and the operation and management of investment funds. It is also hoped that they can integrate the policy and resource advantage of Mianyang with the money and talent advantage of Chuantou Hangxin Equity Investment Fund Management Co., Ltd., share opportunities and create a bright future together.

Mianyang signed a PPP cooperation framework agreement with Chuantou Hangxin Equity Investment Fund Management Co., Ltd. to implement the ¡°project-year¡± decision of the provincial party committee and government and to innovate investment and financing mechanism for key projects, Liu Tibin said in his speech. On the basis of ¡°compliance with laws and regulations, honesty, mutual benefit and win-win cooperation¡±, both sides carried out cooperation in a wide range of areas, such as municipal roads, underground pipe gallery, schools, hospitals and other public and quasi-public welfare areas so as to effectively integrate the advantages of both sides and to promote synergistic development of public and private capital.

In accordance with the agreement, both sides will consider real conditions of specific projects, strictly comply with market rules and cooperate on PPP projects in various public service areas, such as China Science and Technology City (Mianyang), the infrastructure in counties (or parks), public utilities and other social undertakings. Besides, they will also comply with laws to cooperate on investment and financing, draw on strengths of each side in policies, money, technology, resources and achieve win-win development.

Yan Chao, Member of the Standing Committee and vice mayor, signed the strategic cooperation framework agreement with Zheng Shihong, chief accountant of Sichuan Provincial Investment Group Co., Ltd. and chairman of Chuantou Hangxin Equity Investment Fund Management Co., Ltd. Tan Gang, the secretary general of the municipal government presided over the signing ceremony.

(The reporter from Mianyang Daily: Ma Xinyou)