On January 17, the Huadu District government signed a strategic cooperation agreement with GLP Investment (Shanghai) Co., LTD. The signing ceremony was attended by Xing Xiang, Party Secretary of district committee, Li Xiaodong, Deputy Secretary of the district Party Committee and district chief, Zheng Chongmin, district Committee Standing Committee and Minister of United Front Work Department, Song Ge, Senior Vice President of GLP Investment China, Zheng Shengying, head of Shiling Project.

　　With operations in Brazil, China, Europe, India, Japan, the United States and Vietnam, GLP is the world's leading industrial services and investment management company focused on new infrastructure in the supply chain, big data and new energy sectors, with more than USD120 billion assets under management. As a leading alternative asset manager, GLP has USD72 billion of assets under management in China and has raised and run several China-focused private funds within and outside China.

　　Huadu District, the location of Baiyun International Airport, has a superior geographical location and the ability to attract high-end resources. This project, located in Baofeng North Road, Shiling Town, covers a total land area of 473 mu(about 29 ha.) and has a total investment of about 3.5 billion Yuan, aiming to build China Huadu airport economic service port project. According to the agreement, both parties will give full play to their respective advantages to jointly carry out industrial cooperation within the jurisdiction of Huadu District, promote urban renewal of Huadu District, accelerate the development of airport economy and industry, and accelerate the development of industrial economy and industrial transformation and upgrading of Huadu District. At the same time, GLP Investment (Shanghai) Co., Ltd. will be registered as a foreign-funded company in Huadu District.

　　“This strategic cooperation is an important measure for us to implement the spirit of the work report of the municipal government, make great efforts to promote the project landing, promote great development with great investment, and build the Bay Area airport service industry cluster." Xing Xiang said that in the next step, Huadu District will vigorously promote a new and colorful business environment, vigorously develop the airport economy, give full play to its industrial diversity advantages, form complementarities with the Airport Economic Zone, accelerate the construction of a high-standard growth pole in northern Guangzhou, and drive northern Guangdong to integrate into the Guangdong-Hong Kong-Macao Greater Bay Area.