Yuhong Group teamed up with CRRC and CCUI to lead the 2018 Wuxi Binhu Golden Autumn Economic and Trade Signing Conference



(Signing site of CRRC Science and Technology Creation Park Project)

On November 8th 2018, Wuxi Binhu Godlen Autumn Economic and Trade Signing Conference was successfully held. The “CRRC Science and Technology Creation Park” project with a total area of about 1000 mu and a total investment of about 5 billion yuan was first unveiled. This project is jointly completed by Yuhong Group and CRRC Capital Holding Co., Ltd. (hereinafter referred to as “CRRC Finance”) and China Corporate United Investment Holding Co., Ltd. (hereinafter referred to as “CCUI”). Committing to the overall planning, construction, investment and operation of the Science and Technology Creation Park, and assisting the development of science, technology and innovation in Wuxi Binhu District. At the signing conference, 58 projects with a total investment of 69.552 billion yuan were officially signed and settled in Binhu District, helping Binhu District transform from high-speed growth to high-quality development.



(From left to right, Wei Jianhua, Chairman of China Corporate United Investment Holding Co., Ltd., Shao Renqiang, Chairman and General Manager of CRRC Capital Holdings Co., Ltd., Dong Zengmin, Chairman and President of Yuhong Group, and Fan Xiaojun, Deputy District Mayor of Binhu District, Wuxi City)

The “CRRC Science and Technology Creation Park” project has been successfully implemented. Based on the years of development experience of Wuxi Binhu District in the manufacturing industry, a relatively complete industrial system has been formed. The industrial structure is diversified, the commercial environment is maturing, and the supporting facilities are substantially complete. In the fields of biomedicine, transportation equipment, electronic appliances, complete sets of equipment, advanced materials and other sub-sectors, there is a relatively mature industrial support, which play an important role in the success of the Science and Technology Creation Park.

It is reported that the cooperation between Yuhong Group, CRRC Finance and CCUI will involve the development of Science and Technology Creation Park, industrial import and financial services. Committed to making the Science and Technology Creation Park a distinctive, exemplary, leading and iconic national high-end manufacturing industry frontier base.



(From left to right, Xu Feng, Secretary of Wuxi Binhu District Committee, Dong Zengmin, Chairman and President of Yuhong Group, and Shao Renqiang, Chairman and General Manager of CRRC Capital Holdings Co., Ltd.)

The planning and construction of “CRRC Science and Technology Creation Park” will be implemented through three aspects:

● Give full play to the advantages and help the financial services of Science and Technology Creation Park.
Yuhong Group will give full play to the advantages of resource integration and comprehensive operation, providing comprehensive financial services for “CRRC Science and Technology Creation Park”. Achieved through innovative investment concepts, business models and integration of industry and finance, serve growth enterprises, assist in the integration of industry and finance, and implement market-oriented operation. During the period of investment of “CRRC Science and Technology Creation Park”, effective local fixed investment to promote industrial upgrading and economic transformation will be formed.

● Focusing on the development of high-end industries, helping the rapid development of economy in Binhu District
In the future, a new high-tech industrial zone with intelligent technology and driverless technology will be established in the "CRRC Science and Technology Creation Park ". The intelligent electric vehicle technology research center, the small and medium-sized enterprise innovation base, and the talent cultivation and gathering base will be built one after another. Building big data and core technology platforms provides an incubator and creative space for the future development of high-end technology innovation industry.

● Inject vitality into the industry and accelerate innovation
Yuhong Group will be responsible for the overall planning, investment promotion and operation of “CRRC Science and Technology Creation Park”. Yuhong is committed to forming an ecological industrial park integrating production, research, finance and urbanization, making full use of resources and experience in fields of cultural health, international trade and smart technology. Injecting vitality into the modern industrial system featuring emerging industries, advanced manufacturing, modern service industries and tourism in Wuxi Binhu District. Helping the intelligent construction of industrial parks, accelerate industrial innovation, and promote the long-term development of high-end manufacturing industries.

At that time, the Binhu District Government will give full play to its excellent industrial clusters, government services and policy advantages, provide the most favorable policy support, and create a superior development environment for the “CRRC Science and Technology Creation Park” to introduce talent and upgrade industrial. Attracting more high-end high-quality projects with large investment volume, strong functional radiation and strong influence will be settled in Binhu District, which will promote the economic transformation of Binhu and help the industrial level to climb. The power of building the most beautiful lakeside new city in Binhu District will be further enhanced.