The provincial government of Jiangsu and Legend Holdings Corp. inked a strategic cooperation agreement Monday afternoon in Nanjing. Li Qiang, secretary of the Jiangsu Provincial CPC Committee, and Wu Zhenglong, governor of Jiangsu, attended the signing ceremony and met with Mr. Liu Chuanzhi, Chairman of the Board of Legend Holdings Corporation and founder of Lenovo Group Limited.
Li Qiang extended his gratitude to Mr. Liu Chuanzhi for his investment initiative in the hometown after taking the trouble to attend the Jiangsu Development Summit in May.
The CPC chief noted that Jiangsu is now at the critical juncture for transformation and upgrading, adding that the province has a solid foundation in manufacturing and is endowed with rich resources of science, technology and education, thus promising huge potentials for further development.
Legend Holdings is iconic and representative of the IT sector in China with many experiences accumulated in the combination of technology and capital and talent and entrepreneurship, said Li Qiang.
By focusing its attention on innovation-oriented transformation for further development, Jiangsu feels the pressing need to cement its cooperation with flagship enterprises such as Legend Holdings so as to inject new vitality to the province’s overall development, the CPC chief said.
Li Qiang also remarked that Jiangsu has enjoyed close relations with the subsidiary enterprises of Legend and the strategic cooperation agreement is believed to be a new starting point for both sides to boost their ties in an all-round way.
Jiangsu will give continuous support to the improvement of the province’s finance market and finance product system by centering on the launch of new finance entities and new emerging industries, Li said.
Mr. Liu Chuanzhi, who was born in Zhenjiang city, Jiangsu province, noted that Jiangsu enjoys good industrial foundation, business environment and public integrity with huge scientific and technological potentials to tap into, thus promising broad prospects for cooperation.
Legend Holdings will bring into full play its own features and advantages to give a strong impetus to the development of the brick-and-mortar economy through the enhancement of the finance capital so as to make positive contribution to the transformation and upgrading in Jiangsu, Mr. Liu said.
Legend Holdings Corporation is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known subsidiary, the Lenovo Group.
Jiangsu will enter into a long-standing, closely-knit and steady-going strategic cooperation with Legend Holdings, according to the agreement.
The highlights of the agreement will include finance cooperation and industrial cooperation, the new type of finance system, the service system for the brick-and-mortar businesses, the transformation of the economy and the development of the emerging industries.
