A month ago, An Kang Tong under Sanpower Group signed a key people’s livelihood project cooperation agreement with Taiyuan Municipal Government. An Kang Tong is to provide emergency relief, health management, daily care, rehabilitation nursing, emotional support and a series of homecare for the 630,000 elderly in Taiyuan City. A month later, owning to the tie of this cooperation, Sanpower Group and Taiyuan City strike the iron while it is still hot and are to continue promoting the comprehensive cooperation between the two parties.

On 27 July, Ren Zaigang, member of the Taiyuan Municipal Committee, Executive Deputy Mayor and his delegation consisting of the heads of Taiyuan Civil Affairs Bureau, Taiyuan Health and Family Planning Commission, Planning Bureau, Finance Office, Taiyuan May Day Department Store visited Sanpower Group and held talks with Chairman Yuan Yafei of Sanpower Group for advancing the comprehensive cooperation of the two parties. Liu Zhenhua, Senior Vice President of Sanpower Group, accompanied Yuan for the reception.

The delegation first visited the Showroom of Sanpower Home, Brookstone concept store, senior care services command centre and then inspected Nanjing Cenbest and Orient Fraser as well as An Kang Tong Shanghai headquarters, and got a detailed understanding of Sanpower industries, especially the progressions of overseas M&A activities.

Ren Zaigang said that Taiyuan is now undergoing the adjustment of industrial structure. According to the idea of “improving the first industry, promoting the second industry and developing the third industry”, Taiyuan is speeding up private economic structural adjustments. Last year, the services share of GDP reached 61.3% in Taiyuan. As the provincial capital of Shanxi, Taiyuan has obvious geographical and transportation advantages and great potential for development. In 2015, its GDP registered a year-on-year growth of 8.9%.

In the previous cooperation with An Kang Tong, Taiyuan Municipal Government has learned about the sectors of Broad Consumption, Broad Health and Broad Finance of Sanpower Group, and that the company has introduced many advanced commercial and business models from overseas. Ren believed that there could be multi ways for Sanpower to combine with the industrial restructuring of Taiyuan.

Yuan Yafei was also very optimistic about the cooperation between Sanpower and Taiyuan. He said that in the Broad Health sector, Sanpower has abundant resources and technology advantages in hospitals, healthcare, and senior-care industries. In trade and department stores, Sanpower and its strategic partners have introduced the British quintessential department store House of Fraser and the British toy store Hamleys, as well as the American novelty brand Brookstone, and have built Business 4.0 mode. All these resources and modes can be “grafted” to Taiyuan market in the future. Sanpower also showed its great interests in carrying out comprehensive cooperation to enhance the cooperation efficiency and quality.

Both sides agreed to set up project advancement leadership team with industrial working teams below. They also developed progress schedules to propel the implementation of a number of projects in the year. Through the investment and construction of two to three years, it is expected to form a number of heavyweight projects with, highlights, influence and efficacy.