Nanyang ramps up cooperation with Eternal Holding Group

Zhengzhou-based Eternal Holding Group and the Nanyang government will collaborate in various fields, including stem cell biology, new energy development and innovative finance, according to a strategic cooperation agreement signed on July 5.

Founded in 1997, Eternal Holding Group is a comprehensive investment company which engages in new energy development, biotechnology, industrial funds and real estate development. It is experienced in industrial investment, project development, operation and management.

The company will establish a national demonstration park for stem cell biology in Nanyang. The project, which focuses on health and eldercare, will result in the construction of stem cell laboratories, storage and repair centers, healthcare centers and sperm/ovum banks.

Straw carbonization plants, garbage incineration power plants and wind power projects will also be built in the main districts and counties of Nanyang to protect the local environment and speed up the development of a circular economy.

In support of Nanyang's economic and infrastructure development, Eternal Holding Group and its subsidiaries also plan to set up an urbanization development fund, industrial fund, infrastructure fund, high-end equipment manufacturing fund and education fund.