On January 17, Mr. Bai Chunli, CAS President, Mr. Chen Qiufa, Governor of Liaoning Province, and Mr. Chang Zhenming, Chairman of CITIC Group, attended the Forum for Cooperation of CAS, Liaoning Province and CITIC Group, in Beijing. They exchanged views on the establishment of comprehensive strategic cooperation and joint ventures, and reached a consensus on further strengthening project docking and deepening cooperation in technology application.

During the discussion, delegates discussed how to utilize their advantages in technology, industry, finance, and other fields to better affect, influence, and drive economic development with state-owned capital. They also exchanged views and reached a consensus in accelerating the development of innovation systems, promoting local technology application, participating in the reform of non-tradable shares of state-owned enterprises in Liaoning Province, and promoting the construction of major projects.

Mr. Chang Zhenming stated that CITIC Group will rely on its advantages as a diversified and integrated group, to take a technology and financial approach to play a part in capital operation, platform construction, and project management on the basis of non-performing asset management. CITIC Group will integrate domestic and foreign resources and increase investment to help Liaoning revitalize the stock of state-owned assets, so as to achieve the organic integration of industrial capital and financial capital, and provide financial support for the new round of the Liaoning old industrial base revitalization and development.

Mr. Chen Qiufa, on behalf of the provincial government, extended great gratitude to CAS and CITIC Group for their interest and support in the revitalization and development of Liaoning Province. He stated that during the ‘Thirteenth Five-Year Plan’ period, Liaoning will focus on  supply side structural reforms, will continue to deepen the reform of state owned assets and enterprise and the investment and financing system, and promote industrial restructuring and upgrading. He hopes that CAS, CITIC Group, and Liaoning Province will work together to utilize their respective advantages to carry out in-depth cooperation in various fields by leveraging state-owned capital to attract private capital, docking Liaoning industrial demand and major projects to achieve mutually beneficial development.

Mr. Bai Chunli extended sincere gratitude to the Liaoning Government for its strong support for the work of CAS, and stated that CAS would further deepen and expand cooperation with Liaoning Province. Taking the tripartite cooperation as an opportunity, CAS will focus on utilizing its innovative resources to further promote technology application, so that more scientific and technological achievements will be industrialized and commercialized in Liaoning Province. CAS and CASH will jointly promote the connection between the innovation chain, industrial chain, capital chain, and Liaoning’s industrial transformation and upgrading, to create a platform for collaborative innovation and industry cooperation by providing more powerful intellectual support for the overall revitalization of Liaoning Province.

Mr. Deng Maicun, CAS Secretary, Mr. Wang Keqiang, Director of CAS General Office and Mr. Suo Jishuan, CASH General Manager also attended the forum.