On September 10, 2017, under the active promotion of both parties, China Overseas Development Co., Ltd. and Ping An Real Estate Co., Ltd. Shenzhen signed a memorandum of strategic cooperation. Mr. Yan Jianguo, Chairman and Chief Executive Officer of China Shipping Development, and Mr. Zhu Zhengjian, General Manager of Ping An Real Estate attended the signing ceremony. Mr. Luo Liang, Executive Vice President, Operation Director and Chief Architect of China Shipping Development, and Mr. Xu Hongwei, General Manager of Ping An Real Estate Development and Investment Division, signed the contract on behalf of both companies.
The two parties will jointly develop and operate, share risks, and share real estate projects recognized by both parties in major cities in China Profit, and use this as an opportunity to establish a strategic partnership between the two parties.
The strategic cooperation with Ping An Real Estate has brought high-quality cooperation resources to the large-scale development of China Shipping. Development is a solid step towards the goal of 400 billion yuan in the 13th Five-Year Plan. China Shipping Development will rely on its efficient and professional development capabilities and the rich industrial resources backed by China Construction, to join forces with Ping An Real Estate, mutual benefit and win-win, and seek common development, to create more high-quality products, and to contribute to the transformation and upgrading of China's real estate industry. The continuous improvement of living quality makes a greater contribution.
Attachment: Ping An Real Estate Co., Ltd. is a Fortune Global 500 company-Ping An Insurance (Group) Co., Ltd. of China The company's subsidiary is a professional real estate investment and asset management platform under Ping An of China. Its business covers development investment, commercial real estate, industrial logistics, strategy and overseas investment, health and vacation, financial products, urban development and other fields. Up to now, the scale of Ping An's real estate asset management is about 300 billion yuan.
