Core Viewpoint - The Shanghai Municipal Government and China Resources (Group) Co., Ltd. signed a strategic cooperation agreement to enhance collaboration across multiple sectors, aiming for mutual benefits and high-quality development [1] Group 1: Strategic Cooperation - The agreement emphasizes leveraging Shanghai's technological innovation, industrial clustering, and business environment alongside China Resources' diverse industry strengths and expertise in state-owned capital investment [1] - The partnership will focus on cooperation in key areas such as integrated circuits, pharmaceuticals and healthcare, energy services, urban construction and operation, industrial finance, and technology and emerging industries [1] Group 2: Goals and Objectives - The collaboration aims to achieve complementary advantages between central and local governments, promoting high-quality development and integration [1] - The initiative supports China Resources in its goal to become a globally competitive world-class enterprise while assisting Shanghai in becoming a modern international metropolis with global influence [1]

Group 1 - Shanghai Municipal Government and China Resources (Group) Co., Ltd. signed a strategic cooperation agreement on August 18 [1][2] - The agreement aims to leverage Shanghai's technological innovation, industrial agglomeration, and business environment alongside China Resources' diversified industry advantages and expertise in state-owned capital investment [2] - The cooperation will focus on multiple sectors including integrated circuits, pharmaceuticals and healthcare, energy services, urban construction and operation, industrial finance, and technology and emerging industries [2] Group 2 - The partnership seeks to achieve complementary advantages between central and local governments, promoting mutual benefits and high-quality development [2] - The collaboration aims to assist China Resources in becoming a globally competitive world-class enterprise while helping Shanghai establish itself as a modern international metropolis with global influence [2]