Qingdao and Capital Group Ink Strategic Cooperation Framework Agreement
On the morning of November 2, the city government of Qingdao and the Capital Group signed a strategic cooperation framework agreement at the Fuxin Hotel, to seek cooperation in PPP projects of rail transport, the development of sponge cities, water supply and sewage treatment and integrated environmental improvement, as well as in securities, industrial funds and Internet-based financial services. At the signing ceremony, both sides agreed that the partnership had a solid foundation and broad prospects and promised to leverage their respective advantages, reach more consensus, expand areas of cooperation and achieve common prosperity. A consultation mechanism would be in place to help address major issues that might arise in the partnership. The city government of Qingdao also promised to provide considerate services and create a fair, open investment environment for the Capital Group.