On April 22, China Resources Building Materials Technology and Hainan Development Holdings Co., Ltd. (hereinafter referred to as "Hainan Holdings") signed a strategic cooperation agreement in Haikou. Jing Shiqing, Chairman of the Board of China Resources Building Materials Technology, and Zhou Junping, Chairman of Hainan Holdings, witnessed the signing. Vice President of China Resources Building Materials Technology, Lu Hong, and Assistant General Manager of Hainan Holdings, Lu Xiaoming, signed the agreement on behalf of both parties. Zeng Tao, Deputy General Manager of Hainan Holdings, presided over the signing ceremony.
According to the agreement, both parties will adhere to the principles of complementary advantages, win-win cooperation, and common development to conduct in-depth cooperation in regional comprehensive development, material business and industrial integration, low-carbon and new energy industries, aiming to create a model of cooperation between central and local state-owned enterprises.
During the event, the two parties had friendly and in-depth discussions. Chairman Jing Shiqing pointed out that China Resources Building Materials Technology and Hainan Holdings have a high degree of compatibility in terms of responsibilities, industrial structure, and management philosophy. There are broad prospects for cooperation in areas such as basic building material supply, research and application of new building materials, urban comprehensive development, infrastructure construction, environmental protection and low-carbon technology research and development, and industrial finance. He expressed hope that both parties will deeply implement the strategic cooperation agreement between the Hainan provincial government and China Resources Group, take this signing as an opportunity to strengthen exchanges at a higher level and in broader fields, explore cooperation opportunities, and work together for mutual benefit and win-win results. China Resources Building Materials Technology will leverage its advantages, align with the development needs of Hainan Holdings, deepen its presence in the Hainan market, increase investment, optimize industrial layout, provide integrated solutions for building materials, and strive to achieve more substantive cooperation outcomes to support the high-quality development of the Hainan Free Trade Port.
Chairman Zhou Junping stated that China Resources Building Materials Technology has advanced experience in green building materials research and low-carbon technology application, which is worth learning from. Hainan Holdings will strengthen strategic coordination around the agreement and fully promote the effective implementation of cooperative projects. He hopes that both parties will make full use of their respective resource advantages, leverage the policies of the Hainan Free Trade Port, deepen cooperation in areas such as infrastructure construction, green building material supply chains, clean energy development, and industrial finance, jointly create a new benchmark for cooperation between central and local state-owned enterprises, and inject new momentum into the high-quality development of the Free Trade Port.
Hainan Holdings was established in 2005 and is a state-owned enterprise under the supervision of the Hainan Provincial State-owned Assets Supervision and Administration Commission. It focuses on developing three core industry groups: airport and aviation industry, regional comprehensive development, and trade and service. It has established two enabling platforms for investment and capital operation, as well as clean energy. Hainan Holdings is the main entity for airport investment, construction, and operation in Hainan Province, the largest entrusted construction and operation enterprise in the public service sector, and the first state-owned enterprise in Hainan Province to have a AAA credit rating.
Please refer to the chinese version for more details.
