Hundreds of corporate opportunities on offer

Shandong is making efforts to promote more than 300 major projects at the Conference of Great Business Partners which gets underway in the province on Tuesday.

The conference has attracted a group of Global Fortune 500 companies, large State-owned enterprises and top 500 Chinese enterprises seeking business opportunities in the province.

Shandong will introduced a number of key industrial projects, major infrastructure and new infrastructure construction projects, industrial technological innovation projects and mixedownership reform projects for State-owned enterprises to guests at home and abroad.

More than 10 key industrial projects will be introduced at the conference, including a national rare earth catalytic research institute project and a catalyst resource utilization and water treatment agent project in the city of Dongying.

Other major infrastructure projects, including the reconstruction of highway bridges, the construction of a high-tech logistics industry zone, an airport, subways and others will also be introduced at the conference.

The new infrastructure construction projects, promoted at the conference, cover the construction of new energy vehicle charging piles, 5G smart zones and a national super-computing science park.

The Yantai China Mobile 5G big data center is seeking technological cooperation at the conference. The center is estimated to produce annual revenue of 2.4 billion yuan ($339.04 million) when it is put into operation.

Industrial technological innovation projects are an important part of this year’s Conference of Great Business Partners, with a group of them being promoted.

Dahan Construction Machinery, a tower crane and construction elevator manufacturer, plans to build an intelligent green factory in Jinan and is seeking cooperative partners.

Covering 32,800 square meters, the plant is expected to achieve an annual sales revenue of 1 billion yuan upon completion.

The province also plans to promote mixed-ownership reforms for State-owned enterprises to help them expand their market and increase capital. A batch of mixedownership reform projects will be promoted at the conference. One of them involves Shandong Port Group, established in August, 2019 in Qingdao.

The company has 33 qualifications related to construction engineering and qualification for overseas contract projects. As of the end of last year, total assets of the company totaled 10.1 billion yuan and its revenue reached 740 million yuan. The company plans to seek partners in financing, engineering design and construction.

Other mixed-ownership reform projects will focus on airports, highspeed rail, steel, investment and marine culture.

Shandong’s Qingdao, Weihai, Jinan and Yantai cities are promoting investment projects and signing deals, covering sectors of modern marine, high-end equipment, new materials and new-generation information technology at the conference.

PROVIDED TO CHINA DAILY A technician operates machinery at Weichai Power, a leading Chinese powertrain producer in Shandong.