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Zhonggongxin

Primorye Region First Deputy Governor Vasily Usoltsev held a working meeting with Zhonggongxin Holding President Chen Bao at which they discussed matters related to the implementation of joint projects as part of strategic cooperation between Russia and China.

Zhonggongxin was established in 2008 and reports directly to the Advisory Committee on the Management of Financial and Energy Resources and Capital under the State Committee for Capital Oversight Management of the State Council of China.

The Zhonggongxin Group includes 32 asset management companies whose primary objective is the integration, development, investment and management of state assets in the financial, extraction sectors, education and natural resources sectors of China.

Along with the holding company Transit-DV Group, which provides a wide range of services on energy processing and supply markets as well as bunkering for fleets and marine transportation, the Zhonggongxin Group founded LLC Pacific Ocean Investment Company, which was established in June 2014 in order to implement investment projects in Russia’s Far East.

Transit-DV and Zhonggongxin have already been cooperating for more than two years. Projects that the companies jointly intend to implement include the construction of a five-star hotel and residential complex in Slavyanka and the construction of an international logistics center in the village that will include a container terminal. A railway station that would accept fuel oil and other freight by rail is also being studied.

Usoltsev also mentioned that he had already set up a working group with his colleague, Vice Governor of the Chinese Province of Jilin Gu Chunli, to discuss matters related to the construction of a road that would connect Hunchun and Zarubino, the Hunchun-Vladivostok high-speed railway and the Hunchun-Vladivostok freeway.

“The group meets once every two months and we have joint plans to implement these projects. We are ready to hear about your achievements and coordinate our actions,” Udoltsev told the Chinese officials.

The head of the Chinese delegation noted that a preliminary agreement had been signed with the head of Vladivostok on July 7 for the construction of the Vladivostok Ring Road and expressed interested in combining this road with the one that will run to Chonghua and Hunchun.

“I am confident that these projects will significantly impact the economic development of our territories. We are very interested in the construction of high-speed freeways and railways along the entire route. And we have the opportunity to do this. Three of our companies are successfully cooperating with the main banks of China, therefore we can obtain investment for these projects,” Chen Bao assured representatives of the Primorye Region Administration.
 

07 July 2015
http://primorsky.ru/
Investor
Primorsky Krai

Investor profile

Zhonggongxin

China

Zhonggongxin was established in 2008 and reports directly to the Advisory Committee on the Management of Financial and Energy Resources and Capital under the State Committee for Capital Oversight Management of the State Council of China.

The Zhonggongxin Group includes 32 asset management companies whose primary objective is the integration, development, investment and management of state assets in the financial, extraction sectors, education and natural resources sectors of China.

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