On May 25^th, Hubei provincial government and SDIC signed framework agreement of strategic cooperation in Wuhan. Vice CPC Party Secretary of Hubei and Governor of Hubei, Wang Xiaodong witnessed the signing and held a meeting with SDIC Chairman Wang Huisheng afterwards. Vice Governor Cao Guangjing and SDIC Vice President Yang Xiaohui attended the signing ceremony.

Wang Xiaodong welcomed Wang Huisheng and his party. He expressed gratitude to SDIC’s long-term support for the development of Hubei. He said that Hubei enjoyed a prominent strategic location with a sound industrial base and great potential for future development. SDIC is an important platform for the promotion and implementation of important decisions by CPC Central Committee and national strategies. He hoped that SDIC should enhance strategic matching with Hubei with a view to deepening industrial transformation, infrastructure construction, share-holding reform of SOEs and modern services for win-win development. Hubei would, as it had always been, create favourable conditions and sound environment for SDIC’s development in Hubei.  

Wang Huisheng briefed the other side on SDIC’s latest development as well as its projects in Hubei. He said that SDIC had stuck to the principle of serving national strategies and local economic development, playing a positive role in guiding the state-owned capital. Since the 18^th CPC party congress, SDIC has speeding up its transformation from traditional business to newly emerging industries with sound results in modern financial services, advanced manufacturing, bio-energy, health & old-age caring, testing & certifying, energy-saving and environmental protection etc..

After the meeting, Cao Guangjing and Yang Xiaohui signed a framework agreement for strategic cooperation. SDIC Gaoxin and Hubei Gaoxin signed a framework agreement for strategic cooperation. SDIC Chuanghe and Hubei Yangtze River Industrial Fund signed a framework agreement for strategic cooperation. SDIC Bio-tech and Hubei Honghu government signed a framework agreement for strategic cooperation.