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Business talk between Zhongying Fund and Chongqing Government on Cooperation
Release time:2015-08-28

 

August 27th 2015, Sun Hongliang, the chairman of Zhongying Fund management Co., Ltd. (" Zhongying Fund ") and Feng Tingting, the Assistant to Chairman hold a business conference with Huang Qifan, the Deputy Secretary of the Municipal Party committee and the Mayor of Chongqing City, and Dong Jianguo,  Director of the Chongqing municipal Real Estate Bureau in Chongqing. Both sides exchange the opinions about further cooperation between Zhongying Fund and the Chongqing Government, and finally agree on some specific projects.

 

At the conference, Mayor Huang introduces the major Investment and financing projects by using the Public—Private—Partnership model in Chongqing. The Public—Private—Partnership model is one of the most important innovation in Investment and financing projects, by following the requirements of the Third Plenary Session of the 18th Central Committee of the Communist Party of China. A number of projects which are using the Public—Private—Partnership model have been signed with agreements within this year. The worth of these projects is about 200 billion yuan. Mayor Huang emphasizes that we must comply with the following five rules. First of all, share the interests. Secondly, share the risk. Thirdly, maximize the public interest. Fourthly, give consideration to social benefits and economic benefits. Fifthly, ensure the income of the social investors. The investors can make moderate profit instead of irrationally excessive profit.

 

Chairman Sun highly agrees with the Public—Private—Partnership model of Chongqing and believes that Chongqing has already walked in the forefront of the country. Chairman Sun also says that Zhongying Fund first introduces the concept of great investment Banks and has rich experience in the capital operation and risk control. Zhongying Fund has its own advantages; we should enhance the capacity of Chongqing development with our own advantages.

 

       Both sides also deeply discuss the model of project financing of the Public—Private—Partnership model in Chongqing and exchange ideas about some high quality  projects in Chongqing. Finally, mayor Huang says that the government of Chongqing is highly welcome and supports the cooperation with Zhongying Fund. The government will provide the most preferential investment favor and capital introduction, financial regulations and policies to Zhongying Fund.