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On Nov 3, the Sichuan provincial government (Party A) and Rose Rock Capital Group (Party B), a key member of the Rockefeller Financial Group, signed a strategic cooperation framework agreement.

Under the agreement, the two parties will cooperate in the fields of finance, aviation, new energy, high-tech, tourism and education. The agreement states that cooperation will be on the basis of equality, mutual benefits, and common prosperity.

Rose Rock Capital Group is the world’s most developed firm in equity investment, fund management and banking business.

Rockefeller Financial Group is one of the largest consortiums in the United States. Over the past two centuries, it has had a significant impact on the American and world economy.

Cooperation projects

1. Bring about world advanced financial service

The two parties will jointly build the West China Financial Center of International Influence by taking full advantage of Party A’s competitiveness in the financial sector in west China and Party B’s experiences and weight in the international financial sector. The two parties agree to cooperate in designing, constructing and managing the third stage project of Chengdu Financial Center. Party A will supply preferential policies for the project. Party B will bring advanced financial institutions, service contents and innovation products to the financial center.

2. Introduce world leading aviation manufacturers

Taking advantage of Chengdu as a national high-tech industrial base for the civil aviation industry, the two parties will construct an aviation industrial park that integrates the assembly, production, lease, maintenance and sales service of general-purpose aeroplanes. They will attract world leading aviation manufacturers to the industrial park.

3. Establish global new energy R&D industrial park

Set up an industrial park for global coordinated research and development of new energies. The industrial park will cover elements from risk investment to commercialization of research results. It will comprise of world famous R&D bases, information center, innovation enterprise incubation center, and carbon emission trade platform.

4. Attract world famous universities to settle down in Sichuan

Demonstrate the competitiveness of Chengdu as home to a large number of higher education institutions to attract the elite education modes of the United States and Europe, establish training agencies for high-grade talents, and strive to win national policy support to attract world famous universities to Sichuan.

5. Explore all-round cooperation in shale gas

The two parties will explore the feasibility for all-round cooperation in technologies and management for exploration, mining and utilization of shale gas. They will work together to win national policy support to promote substantial cooperation.

Cooperation roadmap

Within two weeks of signing the agreement, the two parties will set up a working team and contact mechanism. Party A consists of Sichuan provincial investment attraction bureau, Chengdu municipal investment promotion committee, Chengdu municipal development and reform committee, and Chengdu municipal financial office. It will assign staff to participate in establishing the project team and daily operating mechanism in consultation with Party B.

The two parties will set up an office in Beijing and Chengdu and go into operation immediately.

Having signed the agreement, the two parties will start at least one major project within a year and promote substantial cooperation in finance, aviation and new energy sectors in three years.