SCI Group signs cooperation agreement with Macao enterprise

Science City Investment (Guangzhou) Group Co and Lida Lianma (Zhuhai) Equity Investment Management Co signed a cooperation agreement on financial projects between Guangzhou and Macao in Guangzhou’s Huangpu district on Nov 2.

According to the agreement, they will purchase high quality assets and cooperate in financial industry layout.

Chen Yong, head of Huangpu, said at the signing ceremony that the district government welcomes and will support the cooperation between the two enterprises.

The development plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) was released in February, saying the area will further advance its leading role in supporting national economic development and opening-up.

Chen stressed that both Guangzhou and Macao are facing a once-in-a-lifetime historic opportunity in construction of an international financial hub in the GBA, urging them to give full play to their complementary advantages, find a correct position, make full use of various resources, and seek cooperation and achieve achievements in the area.

Ma Zhida, chairman of the Lida Foundation expressed his gratitude to the district government for its trust and support and spoke highly of the business environment in Huangpu and the Guangzhou Development District.

He said the cooperation between the two sides will bring mutual benefits and win-win results with the help of their strengths and the strategic opportunities brought by the GBA development plan.

According to him, the company is the only Macao-funded pilot enterprise qualified as a foreign limited partner (QFLP) and the first QFLP pilot company in Zhuhai.

Attendees of the signing ceremony included officials from the district government as well as senior executives of SCI Group and the Lida Foundation.

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