CN
10/25 2019

Strategic Cooperation Framework Agreement with HKCTS Signed

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On 25 October 2019, the signing ceremony of the strategic cooperation framework agreement between Sinobo Group Co., Ltd. and The China National Travel Service (HK) Group Corporation was held in Hong Kong. The two parties intend to launch multi-dimensional cooperation in various fields such as capital investment, scenic area management, tourism retail and hotel management to achieve mutual complementarity and common development. Wan Min, Chairman of HKCTS, and Zhou Jinhui, Chairman of Sinobo Group, attended and witnessed the signing ceremony. Wang Bin, Deputy General Manager of HKCTS, and Steven Sun, Executive Vice President of Sinobo Group, signed the agreement on behalf of both parties.

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Founded in April 1928, The China National Travel Service (HK) Group Corporation is China’s largest travel group,state-owned enterprise under the direction of the State-Owned Assets Supervision and Administration Commission of the State Council. With efforts by generation after generation, it now engages in tourism, industrial investment (iron and steel), real estate development and logistics trade, providing a comprehensive qualified service marking its predominance within the industry. Its leading position was strengthened with the merging of China Merchants International Travel Co. and China Travel Company in 2005 and 2007 respectively.

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