Sichuan province on Wednesday secured projects worth a total of 435.6 billion yuan (63.3 billion U.S. dollars) at a symposium on cooperation with state-owned enterprises that made the Global 500 list. 

The provincial government inked strategic cooperation agreements with seven state-owned enterprises - China National Petroleum Corporation, State Grid Corporation of China, China Huadian Corporation, Shenhua Group Corporation Limited, China Mobile Communications Corporation, China Tourism Group Co., Ltd., and China Railway Group Limited. 

The State-Owned Assets Supervision and Administration Commission of Sichuan Province entered into agreements with China Chengtong Holdings Group Limited and China State-Owned Enterprise Structure Adjustment Fund Co., Ltd.

Sichuan Development Holding Co., Ltd. and China Guoxin Holding Company Limited also established a partnership. 

Moreover, an agreement between Sichuan Energy Investment (Group) Co., Ltd. and PetroChina Southwest Oil and Gasfield Company was sealed on site. 

Regarding the attractions of Sichuan province, Sun Yun, Chairman of Sichuan Railway Investment Group Co., Ltd., told NBD that the region has low labor costs and abundant resources, and has large room for infrastructure construction.  

Email: lansuying@nbd.com.cn