Jinggong Group Co., Ltd.

China’s Jinggong Group seeks to become a stakeholder in several agricultural enterprises in the region, Chairman of the company’s Board of Directors Jin Liangshun told Sputnik International.

“We will provide financial investments. We will co-own, jointly with the Corporation for the Development of the Far East, several agricultural companies in the Far East,” Jin Liangshun said.

On Thursday, the Ministry for the Development of the Russian Far East and the China Overseas Development Association and the China Investment Company for International Economic Cooperation signed a memorandum of understanding to create a Russia-China agricultural development fund.

The parties agreed on joint implementation of investment projects in priority development areas mainly in such spheres as agribusiness, grain production, storage and logistics, and building infrastructure. The resources of the fund, which will include a number of financial institutions, for instance Sberbank, are put at $10bn.

Furthermore, according to chairman of Jinggong Group’s board of directors, the parties will be ready to enlarge the fund while attracting Russian and Chinese banks to finance its activities. His company is now considering a few sites for its projects in Russia: in the Amur region, the Primorsky Krai (Maritime Territory), and the Jewish Autonomous Oblast (region).

02 September 2015

A meeting between acting President of the Republic Rustam Minnikhanov and managers of Chinese investment company Jinggong International Group CO. LTD was held at the Government House of the Republic of Tatarstan, says the Republic’s official portal.

Representatives of the Chinese corporation visited the Alabuga special economic zone, got acquainted with preferences offered to resident companies, and also visited agricultural companies of the Mamadysh District of the Republic. Jinggong International plans to invest in the agriculture, set up businesses in the field of crop growing, grain growing, and animal breeding in the Republic.

“We believe our cooperation has a bright future”, stated Jinggong International President and Executive Director Lu Huang Lin at the meeting. They were also proposed to create a joint target fund in Tatarstan that would be in charge of developing agricultural projects. Furthermore, the Chinese company’s representatives were interested in building a grain depot.

Mr. Huang Lin explained that active works are already carried out to create a joint Russo-Chinese project in the agricultural area involving the RF Ministry for Development of the Far East.

18 August 2015
Russian IT World

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Jinggong Group Co., Ltd.


Company's website: https://jinggonggroup.com/en/

T: 86-575-84138666 84138667

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E-mail: info@jinggonggroup.com

Jinggong is a corporation investing in agriculture, industry, energy, transport, commerce, and other industries and providing consulting services. The corporation was founded by the State Council of China and the People’s Bank of China in October 1999 and China Orient Asset Management Corporation, a state-owned company, is its major shareholder.