On March 28, on the 11th China Henan International Investment & Trade Fair and Major Cooperative Projects Signing Ceremony, China Construction Sevenths Engineering Pision Corp., Ltd. (CSCEC 7th Bureau) signing a strategic cooperation agreement worth RMB20 billion with Gongyi Municipal Government. Attending the ceremony were Wu Guixian , former Deputy Premier of the State Council, Yuan Sanjun, Party Secretary of Gongyi Municipality, and Sun Shufang, Mayor of Gongyi.
The agreement covers transportation, infrastructure and public service of the city. In line with the development goals of the city for the 13th Five-year period, the two parties will work together to improve the construction of the fast transport network, utility tunnels and sponge city, and invest in and build health, cultural and tourism facilities and sports venues.
China State Construction Engineering Corporation Ltd (in short: China Construction; Stock code: 601668), formally established on December 10, 2007, was co-initiated by four Fortune Global 500 enterprises: China State Construction Engineering Corp. (CSCEC), China National Petroleum Corporation (CNPC), Baosteel Group Corporation Ltd and Sinochem Corporation. China Construction was successfully listed in Shanghai Stock Exchange on July 29, 2009.