China Shandong Major companies have choice from over 300 corporate opportunities
Shandong is making efforts to promote 312 major projects at the Conference of Great Business Partners, which gets under way in the province on Tuesday.
The conference has attracted a group of the world’s top 500 companies, large State-owned enterprises and the top 500 Chinese enterprises seeking business opportunities in the province.
Shandong has introduced a number of key industrial projects, major infrastructure and new infrastructure construction projects, industrial technical innovation projects and mixed-ownership SOE reform projects to guests at home and abroad.
More than 10 key industrial projects will be introduced at the conference, including a national rare earth catalytic research institute project and a catalyst resource utilization and water treatment agent project in the city of Dongying.
Other major infrastructure projects, including the reconstruction of highway bridge, the construction of a high-tech logistics industry zone, an airport, subway and others, will also be introduced at the conference.
The new infrastructure construction projects, promoted at the conference, cover the construction of new energy vehicle charging piles, 5G smart zones and a national super-computing science park.
The Yantai China Mobile 5G big data center is seeking technical cooperation at the conference. The center is to generate an estimated annual revenue of 2.4 billion yuan ($339.04 million) when it is put into operation.
Industrial technical innovation projects are an important part of the 2020 Conference of Great Business Partners, with a group of them being promoted.
Dahan Construction Machinery, a tower crane and construction elevator manufacturer, plans to build an intelligent green factory in Jinan and is seeking cooperative partners.
Covering 32,800 square meters, the plant is expected to achieve an annual sales revenue of 1 billion yuan upon completion.
The province also plans to promote mixed-ownership reforms for SOEs to help them expand their market and increase capital.
A batch of mixed-ownership reform projects will be promoted at the conference. One of them involves Shandong Port Group, established in August 2019 in Qingdao.
The company has 33 qualifications related to construction engineering and one qualification for overseas contract projects. As of the end of 2019, total assets of the company totaled 10.1 billion yuan and its revenue reached 740 million yuan.
The company plans to seek partners in financing, engineering design and construction.
Other mixed-ownership reform projects focus on airports, high-speed rail, steel, investment and marine culture.
Shandong’s Qingdao, Weihai, Jinan and Yantai cities are promoting investment projects and signing deals, covering sectors of modern marine, healthcare, high-end equipment, new materials and new-generation information technology at the conference.
The provincial government said the conference is a major international event being held during a critical period of pandemic prevention and control, and is of great significance for promoting high-quality investment, stabilizing foreign trade and promoting high-level opening-up.