Updated: 2017-07-24
Hongtai State-owned Capital Investment Operation Group will build a financial headquarters in Wuhan East Lake High-Tech Development Zone (Optics Valley) and help boost strategic local emerging industries, according to an agreement signed on July 20.
The two parties will partner in various fields, such as finance, funds, infrastructure, foreign trade, and intelligent manufacturing.
Through direct equity investment, issuing bonds and collaboration in industrial funds, the group will invest more than 10 billion yuan ($1.48 billion) into industries including finance, optics information, new energy and modern services –– driving investment of 30 billion yuan over the next five years to support economic reform and industrial transformation in Optics Valley.
Wen Zhenfu, chairman of the group, introduced the group's goal of developing into the most influential financial company in Hubei province.
"Based on technological and personnel advantages of Optics Valley, our company plans to establish a series of industrial projects and funds in the development zone to further mutually beneficial partnerships," said Wen at the signing ceremony.
Optics Valley will offer better services and preferential policies to help develop local companies and attract more fund businesses to the zone, according to Cheng Yongwen, a top official in Optics Valley.
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