On June 25, Hubei Port Group (HPG) and the Jingzhou Municipal People's Government signed an agreement on transferring state-owned port assets and resources. Tu Shanfeng, Party Secretary, Chairman and President of HPG; and Zhou Zhihong, Deputy Secretary of the CPC Jingzhou Municipal Committee and Mayor of the Jingzhou Municipal People's Government attended the signing ceremony and delivered speeches.

The ceremony marks that the transfer of Jingzhou's port resources and assets has entered a substantial stage and means that Jingzhou has embarked upon a new journey of opening-up and high-quality development, Zhou said. According to the requirements of integration, we will make all-out efforts to promote the secure and smooth handover of port assets and resources. Jingzhou will seize the opportunity, deepen government-enterprise cooperation, and serve HPG in its efforts to make a good start and play a leading and exploratory role in Jingzhou, so as to achieve win-win, and jointly develop Jingzhou Port into a bulk cargo distribution center and container hub port in the middle and lower reaches of the Yangtze River serving the "Yichang-Jingzhou-Jingmen-Enshi" City Cluster, Jianghan Plain and Dongting Lake Plain and connecting the Yangtze River Delta to the Chengdu-Chongqing City Cluster.

HPG will, together with Jingzhou, seize the historical opportunity of north-to-south coal transport via Haolebaoji-Ji'an Railway, fully unleash Jingzhou's location advantage, deepen cooperation in the coordinated development of ports, multimodal transport, the construction of port-vicinity industrial parks and the development of bulk commodity trade, and support Jingzhou in developing into a port-based national logistics hub city, as well as an important shipping base and regional logistics center in the Yangtze River Economic Belt. 

The transfer involved 20 port enterprises in Jingzhou with total assets of 3.486 billion yuan and net assets of 1.578 billion yuan.

Hu Xiangjian, Member of the Party Committee and Vice President of HPG; Yi Wencheng, Chief Economic Engineer of HPG; Che Yongxiang, President Assistant of HPG; and Zhang Yuanmei, Member of the Standing Committee of the CPC Jingzhou Municipal Committee, Member of the Party Leadership Group of the Jingzhou Municipal People's Government and First Secretary of the Party Work Committee of Jingzhou Economic & Technological Development Zone witnessed agreement signing.