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Tianjin SASAC in London

Tianjin SASAC in London
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Event show huge potential for cooperation with the Tianjin SASAC

It was standing-room only at a recent event in London highlighting the opportunities for UK companies to work with organisations under the State-owned Assets Supervision & Administration Commission of the Tianjin Municipal Government (Tianjin SASAC).

Held at the end of September at HSBC’s Canary Wharf headquarters, the event was co-organised by the China-Britain Business Council with PanCathay Consulting.

Following a successful fact-finding mission to mainland Europe & the UK earlier this year, Mr Li Qingyun, Vice Director of Tianjin SASAC, led a senior delegation from over 35 organisations covering a wide range of industries.

Mr Xiao Dong, Vice Director of the Tianjin Commission of Commerce, provided a briefing on Tianjin SASAC and its activities.

Noting that Tianjin “is a city full of vitality and development vigour”, Mr Xiao highlighted its strategic location, lying in the centre of the Bohai Rim.

With its “pillar industries” such as ICT, automotive, metallurgy, chemistry, biotech and pharmaceuticals, new energy and environmental protection, Mr Xiao pointed out that Tianjin has also formed a modern traffic system focusing on the sea port.

Turning to the role that State Owned enterprises play in Tianjin, Mr Xiao said, “There are 56 groups under the supervision of Tianjin SASAC. With assets totalling RMB 1.9 trillion - which is three-and-a-half times than that of six years ago – 17 of these groups rank among China’s Top 500 Enterprises”.  

Mr Xiao recognised the “rapid growth” of the economic and trade relationship between Tianjin and the UK.

“By the end of June this year, 249 British enterprises have invested in Tianjin with a contract value of up to US$ 1.38 billion”, he said.

CBBC would like to express its gratitude to HSBC for sponsoring this event.

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