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Reignwood signs a comprehensive cooperation agreement with Changzhou National Hi-Tech District

2021-01-09

On January 9, Reignwood Group and Changzhou National High-tech District (CND) signed a comprehensive strategic cooperation agreement at the Yangtze River Economic Belt Green Development Advancement Conference. Based on the "14th Five-Year Plan" and leveraging the role of Reignwood Group’s high-quality industrial resources, the two parties will carry out cooperation featuring green industry, green finance and green architecture.

Under the terms of the agreement, Reignwood plans to invest 30 billion yuan in the aggregate, in projects covering several strategically-positioned industries, among them, fast-moving consumer goods, sustainable healthcare and financial leasing. Key projects include the establishment of Reignwood’s Eastern China headquarters in Changzhou High Speed Railway New Town, construction of a regional clearing house for fast moving consumer goods, renovation and upgrade of the terminal owned by Changzhou New Yangtze River Port and of Jinling Plaza Changzhou hotel, through a series of mergers and reorganizations as well as the establishment of a commodity trading platform at Changzhou Port.

Through mergers and reorganizations, the new Yangtze River Port and Jinling Jiangnan Hotel will be upgraded, and a trading platform for related bulk commodities will be built in Changzhou Port.?

The main projects also include introduction of functional beverage or healthcare product lines at CND’s Healthcare Industrial Park with the aim of addressing the needs of markets in eastern China; establishment of an aviation industry fund and an operations center serving eastern China providing aviation logistics, aircraft marketing and sales, as well as the upgrading and maintenance of large passenger aircraft. In addition, the group plans to host the Changzhou Finals of the Yangtze River Economic Belt Tennis Open in partnership with CND later this year.

Reignwood Group now operates in multiple business segments. It has paid a total of 32 billion yuan in taxes. The huge investment supported by the partnership with CND demonstrates Reignwood’s commitment to accelerating its growth by leveraging the opportunities presented by the implementation of government strategies in connection with the growth of the Yangtze River Economic Belt and the integrated development of the Yangtze River Delta region, alongside the ongoing construction of Changzhou’s High Speed Railway New Town.