Gelonghui, December 31, 丨 China Railway Construction (01186.HK) announced that on December 31, 2020, Tianjin Mutong, a non-wholly-owned subsidiary of the company, China Railway Construction Capital Group, a wholly-owned subsidiary of the company, China Life Insurance and Tianjin Hengtongda signed a partnership agreement.

According to the partnership agreement, the partnership Guoshou Railway Construction (Shenzhen) Infrastructure Private Equity Investment Fund Partnership (limited partnership) (tentative name, subject to the name approved by the China Business Administration) is RMB 28.01 billion, of which Tianjin Intercom plans to pledge RMB 0.1 billion as general partner, while China Life Insurance, China Railway Construction Capital Group and Tianjin Hengtongda as limited partners intend to pledge RMB 14 billion, RMB 12.6 billion and RMB 1.4 billion respectively.

The purpose and investment goal of a partnership is to invest in high-quality projects selected according to the partnership's investment decision-making mechanism, achieve good investment benefits, and enable all partners to share the value-added benefits of investment. Partnerships mainly invest directly or indirectly through project funds in infrastructure projects selected through the partnership's investment decision-making mechanism.