Projects link SOEs with foreign investors
November 07, 2019
The stated-owned enterprises under the Shanghai Trading Group signed 25 projects at a signing ceremony during the China International Import Expo.
Fourteen state-owned conglomerates, including SAIC, Shanghai Electric, Shenergy Group, Shanghai Rural Commercial Bank Co, Shanghai Science and Technology Venture Capital Group, agreed to promote joint ventures and cooperation between SOEs in Shanghai and foreign investors in areas such as biomedicine, artificial intelligence, advanced manufacturing, modern services and strategic emerging industries.
At the CIIE, all 43 conglomerates of the Shanghai State-owned Assets Supervision and Administration Commission system have joined in the SOE sub-group of the Shanghai Trading Group, with a total of 1,762 enterprises registered as SOE sub-group buyers, and more than 30,000 professional visitors.