The Xiongan New Area, which was announced on April 1, is about 100 kilometers southeast of Beijing, and spans three counties - Xiongxian, Rongcheng and Anxin - that sit at the center of the triangular area formed by Beijing, Tianjin and Shijiazhuang, Hebei's capital.

"We immediately answered the call and actively join the construction of Xiongan New Area", said China Merchants Group Chairman Li Jianhong. China Merchants Group is always implementing national strategies, and of course, will seize the opportunity to be a pioneer in the construction of the New Area. China Merchants Group, as the base of Mass Entrepreneurship and Innovation, will help Xiongan New Area to cultivate new growth drivers by our innovative genes. Group will duplicate PPC model (Port-Park-City) that is extracted in the 30-year industrial development experience. We will also inject its development with our strong strengths in the mutual advancement between finance and non-finance industries.