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ITL Park attracts two central government-owned enterprises

Updated: 2021-07-26

The Xi'an International Trade and Logistics (ITL) Park signed agreements for two headquarters projects with central government-owned enterprises – Agricultural Bank of China and China Petroleum & Chemical Corporation (Sinopec) – on July 23.

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The signing ceremony between ITL Park, Agricultural Bank of China, and Sinopec takes place on July 23. [Photo/ITL Park's WeChat public account]

The two projects are located in the central business district of the China-Europe freight train (Xi'an) assembly center in the ITL Park.

One project is a digital business operation headquarters for Agricultural Bank of China, a large-scale data processing operation center established by the head office of Agricultural Bank of China in Xi'an.

It is expected to begin operating before June 2023 and bring in 1,500 financial talents.

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The central business district of the China-Europe freight train (Xi'an) assembly center in the ITL Park plans to construct 111 major projects and supporting facilities with a total construction area of more than 5.7 million square meters. [Photo/ITL Park's WeChat public account]

It will make use of advanced financial technologies such as biometrics and artificial intelligence to build a system platform that allows for central intensive business processing and a digital shared processing center serving the Agricultural Bank of China.

Another project, the Northwest Branch of Sinopec, will be mainly responsible for the allocation and transportation, resource exchange, and unified settlement of Sinopec in Shaanxi, Xinjiang, Inner Mongolia, Qinghai, Ningxia, Gansu, and Tibet.

It is expected to generate more than 30 billion yuan ($4.63 billion) in annual revenue, pay more than 50 million yuan in profits and taxes, and bring in more than 500 employees.

Sinopec will further deepen industrial cooperation with the ITL Park in bulk commodity trade, supply chain finance, and China-Europe freight train shipping.

Moving forward, the ITL Park will ramp up investment promotion to build the central business district into a city carrier that integrates culture, sports, trade, finance, education, technology, and law for the Belt and Road initiative.