Media Focus
Date: 2016-09-29
A 50,000 Square Meters Congress Center will be Built in Yuexiu District, Guangzhou

As one of the three major exhibition centers in China, Guangzhou has taken new measures in the process of building an intercontinental convention and exhibition center city. In the evening of September 27, Guangzhou announced that it would build a new international convention and exhibition center with an area of about 50,000 m2 in Yuexiu District -- Guangzhou Yuexiu International Congress Center. The center is jointly developed and operated by Guangzhou Yuexiu Group and GL Events, and will be put into use in 2019. 

In the afternoon of Sept.27, OuYang Weimin (Guangzhou municipal committee mayor) and Cai Chaolin (vice mayor of Guangzhou) met with Fu Weijie (French Consul general in Guangzhou), Olivier Ginon (Chairman of GL Events) and other fellows of Yuexiu Group, together they witnessed the joint venture contract ceremony between Yuexiu Group and GL Events. 

It’s said that the Yuexiu International Congress Center, which is planned to be completed in 2019, covers an area of about 50,000 m2 and is located in the northwest corner of the intersection of Jiefang North Road and Liuhua Road in Yuexiu District. The goal of the project is to build a comprehensive exhibition venue to promote the development of exhibitions and conferences.

 Cai Chaolin (deputy mayor of Guangzhou), said that big exhibition venues were largely invested by the government before. But this time it was dominated by Guangzhou old state-owned enterprises, which reflected the social responsibility to assist of Guangzhou economic transition. With the arrival of Fortune Global Forum and other high-end international conferences in Guangzhou in 2017, it is believed that the cooperation between Chinese and French enterprises will promote the "internationalization" of Guangzhou's exhibition management and help Guangzhou become an important international communication center city in China.

Zhang Zhaoxing (Chairman of Yuexiu Group) said that Yuexiu group has unique advantages in commercial real estate. With the support of the municipal government, Yuexiu group will make full use of the advantages of Guangzhou International exhibition industry and join hands with leading foreign exhibition companies to serve Guangzhou as an important International communication center city in China.

Yuexiu Group was established in Hong Kong in 1985. Having undergone 30 years of development, especially through the adjustment and optimization in recent years, Yuexiu Group has gradually established its “3+X” industrial system whose core businesses are three major modern service industries, namely real estate, finance, and transport & infrastructure. By the end of 2015, Yuexiu Group had ranked first in asset size of all state-owned enterprise groups in Guangzhou with leading performances in overall economic benefits and total assets exceeding RMB 400 billion. There are four Hong Kong-listed companies (trusts) under Yuexiu Group, namely Yuexiu Property (00123.HK), Yuexiu Transport Infrastructure Limited (01052.HK), Yuexiu Real Estate Investment Trust (00405.HK) and Chong Hing Bank Limited (01111.HK).