Xiongan developer filling key positions

Xiongan New Area in Hebei province sent out invitations across the country on Thursday to attract professional and technical leaders for its newly founded construction company, the first such practice since the central leadership unveiled the blueprint of the area in April.

The State-owned company - China Xiongan Construction & Investment Group Co Ltd - was set up on July 18, with a registered capital of 10 billion yuan ($1.5 billion).

Its business involves raising funds to construct houses and apartments, build transport links, energy infrastructure and public facilities, as well as to improve the environment and tourism development of Baiyangdian - a freshwater lake in Xiongan.