en.Wedoany.com Reported - China Rare Earth Group and Hunan High-Tech Venture Capital Group signed an equity cooperation agreement on the Hunan Rare Earth Research Institute in Changsha.
Li Zhihui, Deputy Secretary of the Party Committee, Director, and General Manager of China Rare Earth Group, pointed out that the Hunan Rare Earth Research Institute project is an important practice for China Rare Earth Group and the Hunan Provincial State-owned Assets Supervision and Administration Commission to jointly implement the strategic deployment of the Central Committee of the Communist Party of China and the State Council on promoting the high-quality development of the rare earth industry and deepening the reform of state-owned assets and enterprises. It is a win-win and strategic move that leverages complementary advantages, enables mutual empowerment, and strengthens and extends the supply chain between China Rare Earth Group and the Hunan rare earth industry. China Rare Earth Group will play a leading role in the industry, strengthen comprehensive resource guarantees, and work together with all parties to help build a globally competitive rare earth industry cluster, contributing to Hunan's modernization and high-quality economic development.
Li Aidong, Secretary of the Party Committee and Chairman of Hunan High-Tech Venture Capital Group, stated that under the guidance of the Party Committee of the Hunan Provincial State-owned Assets Supervision and Administration Commission, Hunan High-Tech Venture Capital Group will continue to support, serve, and empower the high-quality development of the Hunan Rare Earth Research Institute, promote the rare earth industry in Hunan towards intensification, high-end development, and green transformation, inject momentum into Hunan's modern industrial system, and contribute state-owned enterprise strength to Hunan's realization of the "Three Highlands and Four New Missions" blueprint.
Yang Xiaoyu, Deputy Secretary of the Party Committee and Deputy Director of the Hunan Provincial State-owned Assets Supervision and Administration Commission, noted that since the signing of the strategic cooperation agreement between the Hunan Provincial People's Government and China Rare Earth Group in 2022, the Hunan Provincial State-owned Assets Supervision and Administration Commission and China Rare Earth Group have maintained regular communication, with a good cooperation momentum, deepening mutual trust, and continuously expanding results. The Hunan Provincial State-owned Assets Supervision and Administration Commission will take this signing as an opportunity to resolutely implement the national deployment for the development of the rare earth industry, further deepen cooperation with China Rare Earth Group, fully promote the high-quality development of the Hunan Rare Earth Research Institute, support China Rare Earth Group in deploying more high-quality industrial projects in Hunan in the future, accelerate breakthroughs in high-end rare earth core technologies, and jointly contribute to the high-quality development of the rare earth industry in Hunan Province.
