July 01, 2019

12 major central enterprises’ projects unveiled at FTZ

A batch of 12 major projects of central government owned enterprises was unveiled at the China (Shanghai) Free Trade Zone recently, with the signing meeting held at Baowu Tower in the Pudong New Area.

The 12 projects, totaling 20 billion yuan (US$2.91 billion) of investment, involve a number of central enterprises such as Aluminum Corp of China Ltd, Sinochem Group and China National Nuclear Corp.

Six projects, including the State Grid Finance Leasing Co, will focus on finance leasing, investment funds and assets management so as to drive the real economy with financial technologies and promote the construction of a financial center in Shanghai.

The other six, mainly including Aluminum Corp of China Ltd, Trade Headquarters and Far Eastern Horizon Urban Public Service Headquarters, are aimed at boosting the development of the headquarters economy.

China Baowu Group became the new chairman of the FTZ Central-Local Integrated Development Platform. Ten state-owned enterprises in Shanghai were named members of the platform, with two of them selected as executive directors.

Besides, a contract was signed at the meeting to enhance the management of underground space of central enterprises headquarters at the Expo Park.