Framework agreement was signed between China Resources Group and Chenzhou city

Deepen cooperation symposium between Hunan Provincial Government and China Resources (Holdings) Company Limited was held on June 19, 2013. Du Jiahao- Deputy Secretary of Hunan Provincial Party Committee and Governor of Hunan Province, and Qiao Shibo- General Manager of China Resources Group attended the conference and delivered their speeches there. Xiang Lili- Secretary of Chenzhou Municipal Party Committee and members of Chenzhou delegation presented at the conference. A strategic framework agreement was signed between China Resources Group and Chenzhou city on the conference. According to the agreement, more than 10 billion yuan investment would be placed in Chenzhou city by the group in the following 5 years.

China Resources (simplified Chinese: 华润) is a group of companies in a wide variety of businesses in Hong Kong and China. Some of its companies use the name in the form of the acronym CRC.

The company started as Liow & Company in Hong Kong in 1938 and was renamed as China Resources Company in 1948. In 1983, the company was incorporated as China Resources (Holdings) Company Limited.

The company's main business focus is the export of mainland Chinese products (including energy) to Hong Kong. Its retail operations are organised under the China Resources Retail (Group), and include Chinese Arts & Crafts; it also runs a number of supermarkets in Hong Kong, originally under the CRC name, but now rebranded as Vanguard. It also owns Ng Fung Hong, the monopoly meat importer into Hong Kong.

According to the Fortune Magazine, China Resources was ranked 233th on the 2012 Fortune 500 list, improved 113 places since 2011.

According to the record, there were about more than 10 billion yuan investment placed by China Resources Group in Chenzhou city currently. The investment covered many different fields as gas, electricity, pharmacy, coal, etc..

Followed by the framework agreement, over 10 billion yuan would be placed in the following 5 years by the group in Chenzhou city. Gas, electricity, pharmacy, real estate, consumer goods, service industry, and financial industry were the key industries the group would pay attention to.

Some Chenzhou municipal leaders attended the relative activities.