June 25, Changchun, Jilin - Jilin provincial government and All-China Federation of Industry and Commerce (ACFIC) jointly held an investment seminar and project-signing ceremony, where Jilin City government and Sanpower Group executed a strategic cooperative agreement. Per the agreement, Sanpower and Jilin’s City government will work together on finance, healthcare, senior care, smart city, trade and general aviation initiatives. Sanpower Group Senior Vice President Liu Zhenhua represented the Group in executing the agreement.

Jilin is one of Northeast China’s industrial bases. The province is currently undergoing a key process of redevelopment and transformation geared at revitalising the Northeast China economy. The investment seminar, which resulted in 57 signed projects, was aimed at this revitalisation effort.

Last year, Sanpower Group Chairman, Yuan Yafei was invited to Jilin province to investigate opportunities within the market. Chairman Yuan was impressed by the opportunities and agreed that Jilin was the gateway to Northeast China’s development. As Jilin Province’s second largest city, Jilin city is being integrated into the "One Belt, One Road" initiative-a development strategy centred on connectivity and cooperation among countries primarily in Eurasia and consisting of the land-based "Silk Road Economic Belt" (SREB) and ocean-going "Maritime Silk Road" (MSR). This contract-signing marks the official initiation of bilateral cooperation between Sanpower and Jilin. The two parties will commence joint research on finance, healthcare and senior care first, with specific contracts to be executed at a later date. Concurrent discussions on investment cooperation in smart city, trade, general aviation, etc., will take place with specific negotiations to follow.