GE Healthcare's Precision Medicine Industrial Base Lands in Chengdu with Kunding Group Driving High-Quality Development of Emerging Industries

China Securities News (Wang Lu) -- Recently, the groundbreaking ceremony for the GE Healthcare China Precision Medicine Industrialization Base, under the Fortune 500 company General Electric (GE) Group's GE Healthcare, was held at the Tianfu International Bio City in Chengdu, Sichuan Province.

As the first precision healthcare industrialization base project newly laid out in Western China, GE Healthcare has chosen Kuntin Investment Management Group Co., Ltd.—a provider of property customization for large multinational corporations and international investment attraction services for local governments—to deliver tailored investment services. The plan involves the simultaneous planning and construction of an international precision healthcare industrial park, which will attract high-quality upstream and downstream enterprises in fields such as medical devices and biopharmaceutical R&D to settle into the park. These companies will form a strong industrial synergy with GE Healthcare to build and strengthen the precision healthcare ecosystem.

Qiu Ming, Chairman and President of Kuntin Group, stated that this time, Kuntin Group will not only play the role of an investment platform for park properties but also act as an important industrial development partner. Leveraging its extensive experience and global client resources accumulated from investing in and operating biopharmaceutical industrial parks, Kuntin will introduce high-quality upstream and downstream companies in precision medicine to Chengdu Tianfu International Bio City. It will support GE Healthcare's business cooperation with partners in China’s industrial ecosystem, build a reliable, secure, and resilient local supply chain system, drive the high-quality development of Chengdu's high-end medical equipment industry, create an industrial cluster, and boost the establishment and strengthening of Chengdu's high-end medical device industry chain.

According to the introduction, this project is another investment customization service provided by Kuntin Investment Management Group Co., Ltd. for GE Healthcare in China, as an important partner of General Electric, following the successful delivery of the Beijing Science and Technology Park project customized for them in Beijing Economic and Technological Development Zone in 2016.

Industrial parks, as areas with a high density of industries, are important platforms for developing high-tech industries and promoting industrial clustering, and have become a significant driving force for regional economic development in various areas. In recent years, as the state has gradually increased policy support for advanced manufacturing and strategic emerging industries, actively promoting the development of industrial clusters, the construction of various industrial parks has accelerated. This brings important development opportunities for commercial service enterprises dedicated to providing property customization and international investment attraction services for local governments.

Taking Kuntin Investment Management Group Co., Ltd. as an example, the company has currently invested in, developed, operated, and implemented 25 high-end customized property projects and high-end standard industrial park projects in more than ten central cities such as Beijing, Shanghai, Tianjin, and Chengdu. The total scale of investment, construction, and operation is nearly 2.4 million square meters.

According to reports, in order to achieve the sustainable development and operation of the park, Kuntin Group has also established a joint venture with Savills, one of the five major agency firms and a century-old property management company from the UK, to provide international property management and operation services for the park. This aims to create a high-end park operation service system suitable for enterprises at different stages of development, supporting the growth of China's strategic emerging industries.