Our District Signs a Cooperation Agreement with China Resources Gas in Hong Kong

In order to further accelerate the building of Liaoning Pilot Free Trade Zone and bring in an institutional innovation that leaned on projects to drive market orientation, our district sent an economic and trade delegation with Secretary Liu Aimin as the director to Hong Kong for investment promotion. April 18, the Delegation met the management of China Resources Gas in Hong Kong and signed an agreement on the establishment of a joint-venture electric power company and the participation in the investment of shares for the Natural Gas Company.

As a wholly-owned subsidiary and a flagship listed company in HK of China Resources, China Resources Gas was established in 2007 and is one of the biggest urban gas operators in China.The meeting was aimed to further strengthen cooperation between the two parties, improve the development and construction of gas market in our district, effectively reduce the cost of electricity of the enterprises in our district and solve the “last mile” problem of matched power for major projects.After the talks, the two parties had reached an agreement, and our district would work with China Resources Gas and China Resources Power to set up an electric power sales company and buy into China Resources Gas (DFTZ) Co., Ltd.The establishment of the electric power sales company and the gas company will help to effectively reduce the costs of electricity and gas of the enterprises in our district, provide production factors with more favorable prices to them and enhance their market competitiveness.

During the meeting, the Delegation also briefed China Resources Gas on the various innovative initiatives DFTZ (Dalian Free Trade Zone) had carried out in the building of the Pilot Free Trade Zone, as well as the promotion of relevant key projects.The responsible person with China Resources Gas said they would further use the policy functions of the Pilot Free Trade Zone and increase the investment in DFTZ. Also, they’d like to introduce the good policies to other sectors of China Resources and attract more China Resources enterprises to do business in DFTZ.

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