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Serving the Millennial Strategy: Poten Enviro Participates in Creating the Coordinated Industry Development Fund for the Beijing-Tianjin-Hebei Region

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Serving the Millennial Strategy: Poten Enviro Participates in Creating the Coordinated Industry Development Fund for the Beijing-Tianjin-Hebei Region

On the morning of September 30, Poten Environment Group Co., Ltd. (hereinafter referred to as “Poten Enviro”) hosted a signing ceremony with China Advanced Manufacturing Fund, SDIC, CMC Capital and other investors to establish the Coordinated Industry Development Funds for the Beijing-Tianjin-Hebei region (hereinafter referred to as “the Beijing-Tianjin-Hebei Fund” or “the Fund”). 

An alliance of giants for a state strategy

It is learnt that the Beijing-Tianjin-Hebei Fund is the first industry fund that is sponsored by the government and participated in by the private capital. At the same time, it is also the first fund that has been created at Xiong’an New Area with the approval of the State Council since the establishment of the new area. The fund is a limited partnership incorporated by many major research institutes and leading companies together under the leadership of the National Development and Reform Commission (NDRC), the Ministry of Finance and the Ministry of Industry and Information Technology. It is planned to attract investments of RMB10 billion. 

The objectives of the Fund are set to act on the major decision made by the CPC Central Committee and the State Council to set up Xiong’an New Area at Baoding, Hebei and the Outline for the Coordinated Development of the Beijing-Tianjin-Hebei Region, take the lead in making breakthrough in the coordinated industry development in the Beijing-Tianjin-Hebei region, and capture the investment opportunities brought along with the foundation of the new area and the commitment to the coordinated development of the region. 

Poten Enviro’s engagement in the Millennial Strategy

As a state strategy, the coordinated development of the Beijing-Tianjin-Hebei region bears profound significance for the future development of China. According to the related development planning, a world-class city cluster will emerge in the region and serve as a role model in terms of regional coordination, innovation-driven development, environmental improvement and many other aspects. At the same time, the building of Xiong’an New Area that is described as “a strategy crucial to China for a millennium to come” will play a pivotal part in the coordinated development of the Beijing-Tianjin-Hebei region. The new area is designed to assume a large number of functions nonessential to Beijing’s role as China’s capital, and set an example for other Chinese cities with respects to ecological livability, innovation-driven growth, coordinated development and open development.

Given the overall development of the Beijing-Tianjin-Hebei region and the positioning of Xiong’an New Area, a picturesque ecology where lucid waters and lush mountains thrive with cities will become the priority target of future development. It is also a firm embodiment of Chinese President Xi Jinping’s statement that “We must realize that lucid waters and lush mountains are invaluable assets”. As an emerging industry, environmental protection is bound to greatly promote the development of the Beijing-Tianjin-Hebei region and Xiong’an New Area, thanks to its strength in the coordinated development of industries and improvement in environmental quality. 

Actually, on the list of seven key tasks confronting the new area, the top two are “constructing a green, smart new town” and “creating beautiful ecological environment”, both of which yearn for the participation of environmental protection-related forces. 

Responsibilities for an environmental company

It can be predicated that the environmental protection sector will serve as an early mover in the efforts to develop the Beijing-Tianjin-Hebei region and Xiong’an New Area. It will make breakthroughs ahead of other industries, unlock its role in pulling economy, complement advantages with other existing sectors, and cooperate with the emerging green industry. As a leader in China’s environmental protection sector, Poten Enviro boasts unique advantages in both controlling environment pollution and creating beautiful ecology. What’s more, it has always been ready to shoulder social responsibilities due to itself. After a sewage seepage pit was discovered in North China, the complexity of the incident intimidated many environmental companies. But the first thing Poten Enviro did in the wake of the incident was sending a team to the site for a solution. By virtue of its impressive technical reserve and experience in highly difficult sewage disposal, Poten Enviro finally won the chance to undertake the seepage pit treatment project. 

Seen from the actual development situation of the region where Xiong’an New Area is located, the current environmental problems confronting it are where a company can start in order to make breakthroughs ahead of others. By participating in the setup of a fund that is designed to serve state strategies, Poten Enviro will assume the environmental responsibilities as actively as expected, and promote the coordinated development of the Beijing-Tianjin-Hebei region with its creative spirit and professional strength. 


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