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    State-owned construction company set up in Xiongan

    By Zhang Yu in Shijiazhuang | China Daily | Updated: 2017-08-09 08:24

    Xiongan New Area disclosed on Monday that it has established a State-owned company for the investment and construction of local infrastructure and other facilities, a major step toward creating a new economic zone in the area.

    The company - China Xiongan Construction & Investment Group Co Ltd - was set up on July 18 in Rongcheng county in North China's Hebei province, with a registered capital of 10 billion yuan ($1.5 billion), according to the website of the National Enterprise Credit Information Publicity System.

    It was approved by Hebei provincial government, which is also the only shareholder of the company.

    State-owned construction company set up in Xiongan

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