Construction group enters Xiongan

A construction investment group owned by the Hebei provincial government, which has a registered capital of 10 billion yuan ($1.49 billion), has set up an office in the Xiongan New Area, according to the website of the National Enterprise Credit Information Publicity System. The Chinese government had announced the setting up of the Xiongan New Area in April. With a base in the area, the company can invest overseas, the website said.