On the afternoon of March 16, 2018, a signing ceremony was held as China Resources Group (CR) and the Chinese Academy of Sciences (CAS) sealed a strategic cooperation agreement in Beijing. Group Chairman Fu Yuning held talks with CAS President Bai Chunli during the ceremony. 

President Bai extended a warm welcome to Chairman Fu and his entourage before briefing on the basics of CAS and the application and transfer of its scientific and technological achievements in recent years.

President Bai said, the Chinese Academy of Sciences, guided by the policy of “taking the lead in four aspects with three orientations” in the new era, has been vigorously promoting the transfer of scientific and technological achievements to play an active role in advancing the development of strategic emerging industries in our country. A shared interest in the transformation of scientific and technological achievements and the construction of Guangdong-Hong Kong- Macao Greater Bay Area has provided a good foundation for CAS and CR to build on bilateral cooperation,. He added that both parties should give full play to respective advantages and implement the contents of the agreement in earnest. He also emphasized innovations in institutional mechanisms and strengthening in technological exchanges to advance bilateral cooperation in a more effective and practical manner and achieve greater achievements.

Before giving an introduction to the development history and current situation of CR, Chairman Fu congratulated Bai on the significant achievements CAS has made over the past five years. He said the Group has actively explored and made major progress in promoting the strategic transformation and industrial upgrading with technological innovation at the core. He also expressed his hope for in-depth cooperation between both sides to bring into full play the advantages of CAS in science and technology personnel training, transformation of scientific and technological achievements and cultivation of science and technology industry and those of CR in industry foundation, fund management, science and technology park construction and internationalization. Only in that way, he said, can mutually beneficial cooperation and win-win development be achieved. 

After the talks, Chen Ying, CR Chief Strategy Officer, and Deng Maicun, CAS Secretary General, signed a strategic cooperation agreement on behalf of both parties under the joint witness of Chairman Fu and President Bai. With this agreement, the two sides are expected to carry out comprehensive and in-depth cooperation in a wide variety of aspects including industrial funds, education and training, technological innovation, and the construction in Guangdong-Hong Kong- Macao Greater Bay Area.

During the signing ceremony, CR Capital also signed a "Cooperation Framework Agreement on Establishment of CR-CAS Artificial Intelligence Industry Fund" with CAS Innovation and Mashang Popular Science Education. 

The heads of the CAS Bureau of International Cooperation, CAS Bureau of Science and Technology for Development, CAS Holdings, CAS Innovation, China Resources Land Limited, China Resources Microelectronics, China Resources Capital, and other related parties also witnessed the talks and the signing ceremony.