The Hebei Provincial Federation of Industry and Commerce conducted research and guidance on the poverty alleviation fund special project at China Zhongji Investment.
On June 1st, Liu Jinsong, Chairman of the Hebei Provincial Federation of Industry and Commerce; Zhang Jinghong, Vice Chairman of the Hebei Provincial Federation of Industry and Commerce; Liu Yanyun, Vice President of the Hebei Provincial Chamber of Commerce and Chairman of Qianxihe Group; and Liu Naigang, Party Secretary, visited China Zhongji Investment Co., Ltd. (hereinafter referred to as "China Zhongji Investment") for a field trip and held a special symposium on poverty alleviation funds. Wen Yuanhua, President of China Zhongji Investment, and members of the company's poverty alleviation project leadership group attended the symposium.
President Wen Yuanhua first gave a brief introduction to China Zhongji Investment's operating conditions since 2018 and its project plans for the second half of the year. He also gave a report on the implementation of the Hebei Provincial Federation of Industry and Commerce's work arrangements for targeted poverty alleviation and the operational management of the poverty alleviation fund. President Wen Yuanhua stated that Chairman Geng Jianming of the company attaches great importance to corporate social responsibility, and all employees have a deep understanding of this and will do their utmost to contribute to Hebei Province's fight against poverty.
Caption: The Hebei Provincial Federation of Industry and Commerce conducts a field trip to China Zhongji Investment and holds a special symposium on poverty alleviation funds.
Chairman Liu Jinsong first affirmed China Zhongji Investment's active fulfillment of social responsibilities and its quick response to the call of the provincial Party committee and government for poverty alleviation. Combining the previous research and poverty alleviation project experience of the Federation of Industry and Commerce, he put forward guiding opinions on the future development of the poverty alleviation fund: First, the fund is for public welfare, and the funds are mainly from public welfare donations from entrepreneurs. After previous communication, a group of entrepreneurs in the province have actively responded and enthusiastically participated; second, this fund is an industrial poverty alleviation fund, and the investment direction should be tailored to local conditions, mainly focusing on agricultural industrialization projects to promote the industrial development of impoverished counties in Hebei Province; third, the supported projects must directly benefit registered impoverished households and have close ties with farmers. Poverty alleviation must be effective and long-lasting; fourth, establish a standardized system and mechanism and set up a professional team to manage and operate the poverty alleviation fund.
Chairman Liu Yanyun and the participants shared the experience of Qianxihe Group's previous poverty alleviation projects and exchanged views on key aspects such as project selection, targeted poverty alleviation for impoverished households, and the establishment of professional teams for the poverty alleviation fund.
Finally, Chairman Liu Jinsong made important deployments for the follow-up work of the fund: First, complete the registration of the fund and the establishment of the organizational system as soon as possible; second, carefully study the national policies on targeted poverty alleviation, and the operation team should go deep into impoverished areas and conduct practical needs assessments; third, explore and establish good business models, select good projects that can directly help impoverished households, and drive registered impoverished households out of poverty by developing local industries. Chairman Liu Jinsong stated that poverty alleviation is a key task of the Hebei Provincial Party Committee and Government, and he hopes that China Zhongji Investment can leverage its professional advantages to provide support in project selection, due diligence, post-investment, and fund operation management to solidly advance the relevant work of the poverty alleviation fund.
Caption: Participants hold an in-depth symposium on the work of the poverty alleviation fund.
