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Shaanxi Investment Group Co cooperates with ITL Park

(en.itl.gov.cn)

Updated: 2019-01-22

The unveiling ceremony for Shaanxi Investment Group International Trading Co was held in Xi'an International Trade and Logistics (ITL) Park on Jan 16.

Shaanxi Investment Group Co cooperates with ITL Park

The unveiling ceremony for Shaanxi Investment Group International Trading Co is held in ITL Park on Jan 16. [Photo provided by ITL Park's official Wechat account]

Focusing on the Belt and Road Initiative (BRI), the company plans to develop business around supply chain finance, international trade, e-commerce, car-free carriers, logistics and warehousing in the park.

During the ceremony, the two parties signed a cooperation agreement, in a bid to carry out international trade by using the China-Europe Chang'an freight train and Xi'an Port.

The company also signed a trade agreement worth 1.6 billion yuan ($235.21 million) with Shaanxi Yanchang Petroleum Group Co, Shanghai Hefu Industry Co, Shaanxi Yigang Network Technology Co and Australia North Investment Co.

Sun Yimin, director of the ITL Park management committee said that the park will cooperate with Shaanxi Investment Group in finance, trade and logistics in order to promote the development of Shaanxi.

Shaanxi Investment Group Co cooperates with ITL Park

Sun Yimin, director of the management committee of ITL Park, delivers a speech. [Photo provided by ITL Park's official Wechat account]

Shaanxi Investment Group Co is the first State-owned capital investment company in Shaanxi province. It specializes in the investment and operation of State-owned capital in the province, has a registered capital of 10 billion yuan and has a total of nearly 140 billion yuan in assets.

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