Yangqu Industrial Park in the Shanxi Transformation and Comprehensive Reform Demonstration Zone signed a strategic partnership agreement with Shanxi Guoxin Investment Group in Taiyuan on Oct 23.

A total of eight companies, including subsidiary firms of Shanxi Guoxin, introduced and promoted their business at the signing ceremony.

The partnership aims to further combine the advantages of the local economy and Stated-owned financial services, as well as advance the growth of development areas in Shanxi and the reform of local State-owned enterprises.

Established with the approval of Shanxi provincial government, Shanxi Guoxin Investment Group is a stable and experienced business with interests in funds, investment and capital management.

Yangqu Industrial Park in Shanxi Transformation and Comprehensive Reform Demonstration Zone focuses on six industries including culture and tourism, pharmaceuticals and healthcare, new energy and high-end equipment manufacturing. In the first three quarters of 2018, the industrial park's GDP growth rate reached 20.5 percent, fixed asset investment was 187.4 percent, industrial investment was 188.9 percent, and industrial added value above designated size hit 25.5 percent.