China Merchants Capital Investment, WHDZ seek partnership

A delegation from China Merchants Capital Investment Co Ltd and representatives from Wuhan Economic and Technological Development Zone (WHDZ) held a meeting at Wuhan Conference Center in Wuhan, Central China's Hubei province, on Dec 19, to seek a partnership agreement.

The delegation was led by Shi Xiaohui, general manager of the company's fund department.

Hu Hongchun, the newly appointed secretary of the zone's work committee, also joined the meeting with them.

Established in 2012, China Merchants Capital Investment Co Ltd is a subsidiary of China Merchants Group, with headquarters in Hong Kong and Shenzhen.

Mainly engaged in alternative investment and asset management, the company had assets of 273.5 billion yuan ($39.65) under management by the end of 2017.

Hu outlined the social and economic development of WHDZ to the delegation, pointing out that during 27 years of development, the zone has built industrial clusters featuring automobiles and auto parts, electronics and electrical appliances, and food processing.

The zone ranks eighth among 219 national development zones in overall strength, and is currently upgrading its industries, added Hu.

WHDZ will provide optimal policies and a good business environment to attract fund management companies, in order to offer better financial services for companies in the zone, Hu said.

Shi said that the two sides have similar development requirements and have huge potential for cooperation in the financial sector, and that there would be an ever deeper partnership with WHDZ in the future.

Hu Hongchun (right) speaks at the meeting held at Wuhan Conference Center, Dec 19. [Photo/WeChat account of WHDZ]