On December 26, Jing Junhai, Vice Governor of Shaanxi Province, met with Gong Shaolin, President of China Merchants Securities (CMS), and Tian Jing, Chairman of China Strategy Committee of the U.S. JMP in Xi¡¯an. Both sides discussed on the cooperation in Private Equity Fund with CMS.

Jing firstly introduced our industrial advantages and development potentials to the guests. He said that Shaanxi positively supported the development of the industrial investment fund and venture capital fund and began to build the fund investment management system. It, taking social capital as investment subject, was an integration of industrial investment fund, venture capital fund, and the coordination of development, and regulations of fund management companies. At present, the society and economy of Shaanxi developed fast. The Provincial government encouraged and supported powerful investment organizations to cooperate with us in various ways in the industries of equipment manufacturing, high technologies, energy chemical industry, cultural tourism, and biopharmaceuticals so as to realize all-win and common development.

Gong expressed high availabilities to our advantages in resources and industries and expansive development prospects. He was also satisfied with the perfect investment environment of Shaanxi. He said he would take initiatives in how to promote the mutual cooperation with relevant departments in Shaanxi.