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Bai Shaotong meets chairwoman of CADFund

(sinomach.com.cn)

2019-09-04

重庆幸运农场开奖结果

Bai Shaotong (R), deputy general manager of Sinomach, talks with Yang Baohua, chairwoman of the CADFund, at the headquarters of Sinomach in Beijing on Aug 30. [Photo/sinomach.com.cn]

Bai Shaotong, deputy general manager of Sinomach, met with Yang Baohua, chairwoman of the China-Africa Development Fund (CADFund), at the headquarters of Sinomach in Beijing on Aug 30.

At the meeting, Bai outlined the general state of Sinomach and its overseas business development, and highlighted the company's main projects and advantages in Africa.

Yang introduced the mission and vision, business characteristics and resource advantages of the CADFund.

They agreed that Sinomach and the CADFund have huge space for cooperation in such fields as infrastructure, agriculture, industry, energy, and park development in Africa.

Focusing on promoting the Belt and Road Initiative, they exchanged views on cooperation in various fields, including facilitating China-Africa economic and trade cooperation, increasing financial investment in African and other overseas projects, realizing overseas EPC and the sharing of investment information resources, reinforcing support for development of China-Africa heavy industry, and accelerating the export of Sinomach’s agricultural engineering projects.

China announced to establish a China-Africa development fund with initial seeding of $1 billion in 2006, aiming to encourage Chinese companies to invest in Africa and provide support to them.

Sinomach and the CADFund have a solid foundation for cooperation. The two sides will establish a normalized and in-depth cooperation mechanism for investment and financing of overseas projects.

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