The signing ceremony of Administration Authority Transfer Agreement of Chadian Industrial Park between TEDA Administrative Commission and Hangu Administrative Commission was held at TEDA Investment Service Center recently.

He Shushan, Chairman of TEDA, introduced TEDA's economic development and planning in 2011 and extended New Year's greetings to the guests. He said that TEDA Administrative Commission and Hangu Administrative Commission enjoyed a friendly cooperation for a long time. He also hoped that both parties are ready to take this opportunity to forge deeper and wider cooperation, so as to make new contribution to the reform and opening-up of Tianjin Binhai New Area.

According to the agreement, the administration of planning, land, real estate management, construction, etc. within the cooperative region of Chadian Industrial Park will be transferred from Hangu Administrative Commission to TEDA Administrative Commission. (Tr. by Ma Yu)