Wang Jianguo, mayor of Taicang meets with Wang Hui, president of Jiangsu Guoxin Investment Group, a state-owned enterprise on Dec 14. [Photo/WeChat account: taicangdaily]
A Framework Agreement on Investment and Cooperation in Energy Projects was signed between Jiangsu Guoxin Investment Group, a state-owned enterprise and Taicang municipal government on Dec 14.
The agreement states that the two sides will seek cooperation in energy projects, including the construction of natural gas pipelines, the storage and transportation of liquefied natural gas and other comprehensive energy utilization projects.
Wang Hui, president of Guoxin Investment Group, indicated that their group plans to cooperate with Taicang government in the fields of finance and investment in the next three to five years.
Representatives from Taicang municipal government and Jiangsu Guoxin Investment Group sign a Framework Agreement on Investment and Cooperation in Energy Projects on Dec 14. [Photo/WeChat account: taicangdaily]
The two sides will also further strengthen their cooperation in port logistics, equipment manufacturing and will also seek to attract German enterprises, aiming to advance the city's industrial development.
A Taicang special fund has also been agreed to be established on the basis of Suzhou Fund founded by the state-owned enterprise to help the Taicang's industrial upgrading.
As a state-owned enterprise, the Jiangsu Guoxin Investment Group primarily engages in the management, transfer, investment, and restructuring of national assets within the scope of Jiangsu provincial government's authorization.
