China Southern invests US$1.5b in Xi Jinping's dream city
China Southern Airlines will invest CNY10b (US$1.5b) in Xiongan, the new city spearheaded by Chinese president Xi Jinping that aspires to be a model for China’s future urban development. The airline operator will allocate CNY2.5b in cash and CNY7.5b in tangible assets to set up a subsidiary called China Southern Airline Xiongan in the city, to provide flight services and sales of aviation materials, according to a stock exchange filing Friday. Xiongan, which Jinping designated just over a year ago, wants to be a high-tech city teeming with leading-edge companies and world-class transportation. The city has attracted investment -- both for business opportunities and political reasons -- from some of China’s largest companies. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-02/sky/china-southern-invests-us-1-5b-in-xi-jinpings-dream-city
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China Southern invests US$1.5b in Xi Jinping's dream city
China Southern Airlines will invest CNY10b (US$1.5b) in Xiongan, the new city spearheaded by Chinese president Xi Jinping that aspires to be a model for China’s future urban development. The airline operator will allocate CNY2.5b in cash and CNY7.5b in tangible assets to set up a subsidiary called China Southern Airline Xiongan in the city, to provide flight services and sales of aviation materials, according to a stock exchange filing Friday. Xiongan, which Jinping designated just over a year ago, wants to be a high-tech city teeming with leading-edge companies and world-class transportation. The city has attracted investment -- both for business opportunities and political reasons -- from some of China’s largest companies. <br/>
