Core Insights - The Chen Tian Old Renovation Project in Guangzhou's Baiyun District has officially launched its new name "Yunshan Jing" during a ceremony on November 20, with a collaborative effort from the government, Industrial Bank, and Huafa Construction Management alongside R&F Group [1] Group 1: Project Overview - The project serves as a vital urban link between Baiyun New City and Guangzhou Design City, located near the Guangzhou Baiyun Station, which has a total investment of 44 billion yuan, and is surrounded by dual metro lines [2] - The total construction area of the project is approximately 2 million square meters, featuring plans for seven quality schools, over 500,000 square meters of commercial complexes, a central clubhouse, and sports parks, aiming to create a comprehensive urban living environment [2] Group 2: Partnerships and Responsibilities - The collaboration is seen as a significant practice in promoting high-quality and efficient project development under government guidance, combining local development experience, state-owned enterprise quality control, and bank fund supervision [1] - Industrial Bank plays a crucial role not only as a funding provider but also as a financial partner, establishing a strict and transparent fund supervision mechanism to ensure that all funds are used specifically for project construction [1] - R&F Group, with 31 years of experience in urban development, contributes its expertise in old renovation projects, while Huafa Construction Management leverages its state-owned enterprise strength and brand reputation to oversee project management and marketing [1]