SEP, CDB Ink Development Finance Cooperation Agreement

On August 28, 2017, SPIC President and Deputy Party Secretary Meng Zhenping was invited to attend a conference on accelerating the construction of scientific and technological innovation center with global influence in Shanghai co-sponsored by SASAC of the State Council and Shanghai Municipal Government, and delivered a speech on behalf of the central SOEs present at the conference, with the tenet of assist Shanghai in better serving and implementing the national strategy. SEP Chairman and Party Secretary Wang Yundan also participated in the conference.



Han Zheng, Party Secretary of Shanghai and Member of the Political Bureau of CPC Central Committee, attended the conference. SASAC Chairman Xiao Yaqing and Ying Yong, Mayor of Shanghai and Deputy Secretary of Shanghai Municipal Party Committee, signed the Strategic Cooperation Agreement on Joint Promotion of Accelerating the Construction of Scientific and Technological Innovation Center with Global Influence in Shanghai by SASAC of the State Council and Shanghai Municipal Government.


In his speech, Meng Zhenping introduced SPIC's operation and development situation in Shanghai. He expressed that Shanghai is a major development area of SPIC, and also the gathering zone of core quality assets, the commanding height of scientific and technological innovation, and the bridge tower of implementing international strategy. Since the 18th CPC National Congress, SPIC has made great progress in reform and development thanks to the strong guidance of CPC Central Committee and State Council as well as the support of all quarters. He also extended thanks to the State Council, Shanghai Municipal Party Committee and Shanghai Municipal Government for their long-term caring, help and support.


Meng noted that SPIC will seriously execute the strategic arrangement of CPC Central Committee in the next step, integrate into the overall situation of Shanghai's economic and social development and the national strategy of constructing a scientific and technological innovation center with global influence in Shanghai more positively, deepen various aspects of cooperation with Shanghai, expand resource investment, implement innovation-driven development, focus on creating an energy supplier, technology provider and engineering service provider with outstanding comprehensive strength, and make new contributions to the economic and social development of Shanghai.



At the conference, Wang Yundan signed the Development Finance Cooperation Agreement with China Development Bank (CDB) Shanghai Branch on behalf of SEP. The signing of the agreement is of great significance and profound impact in facilitating in-depth cooperation, coordinated development and win-win realization between brick-and-mortar enterprise and financial institution in a broader market.

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