[AIIB will establish an office in Hong Kong] The Asian Infrastructure Investment Bank announced on November 3 that it plans to establish an office in Hong Kong to meet its growing business needs. The Hong Kong Special Administrative Region Government welcomed this decision on the same day and promised to fully assist the AIIB in promoting the sustainable development of Asian infrastructure. The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that the SAR government will actively cooperate with the needs of the AIIB and provide necessary support for the establishment of the office. As a member of the Asian Infrastructure Investment Bank, Hong Kong will assist the bank in fully utilizing its thriving capital market, world-class professional services, and diversified financial products to support its operations in project financing, bond issuance, investment, and financial management. The AIIB officially opened and operated in January 2016, and Hong Kong became a member in June 2017. This multilateral development bank has always been committed to promoting sustainable economic development, creating wealth, and improving infrastructure connectivity in Asia through investments in infrastructure and other productive sectors. At the same time, the bank actively encourages private capital to participate in project investments that are beneficial to regional economic development, and maintains close cooperation with other multilateral and bilateral development agencies to jointly promote regional cooperation and partnerships. Editor/Yang Beihua

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• 2025.11.12 17:04
• [Two projects of Weifang to Zoucheng Expressway have been approved for preliminary land use]
• Recently, the Weifang to Zoucheng Expressway Weifang to Yiyuan section and Changle connecting line project, invested and constructed by Shandong Expressway Group, received preliminary land use approval from the Ministry of Natural Resources. It only took 23 working days from obtaining preliminary design approval to obtaining preliminary land use approval, laying a solid foundation for smooth construction. Since obtaining the preliminary design approval, the project preparation team has organized multiple special meetings with relevant units such as survey and demarcation, inventory and evaluation to discuss organizational plans, arrange dedicated personnel to monitor the progress in real time, strengthen communication and cooperation with government departments at all levels along the line, concentrate on tackling obstacles and difficulties, strengthen policy research, and efficiently promote milestone work such as inventory and evaluation. In this project, the Weifang to Yiyuan section has a total length of 84.61 kilometers, starting from the Baifenzi hub where the Weiri Expressway intersects with the Weiqing Expressway and ending at the Linlin Expressway east of Yuezhuang Town, Yiyuan County, Zibo; The Changle connecting line has a total length of 23.03 kilometers, starting from the Jiwei Expressway in the northwest of Honghe Town, Changle County, Weifang, and ending at the Weizhou Expressway in the east of Dasheng Town, Anqiu City. The implementation of the project is of great significance for improving the layout of the regional expressway network, promoting interconnectivity between the Jiaodong and Lunan economic circles, driving regional economic and social development, and developing tourism resources along the route. Editor/Cheng Liting

• 2025.11.11 17:39
• [China Power Construction won the bid for flood control project with 427 million yuan]
• Recently, the EPC general contracting project for ecological flood control and restoration in Anlan Honggou and Xigu Honggou has been announced as the winning bidder. The consortium formed by East China Survey and Design Institute Co., Ltd. of China Electric Power Construction Group and China Water Resources and Hydropower Sixth Engineering Bureau Co., Ltd. has successfully won the bid with a bid price of 427 million yuan. This project includes four major sections: main channel management, branch channel management, special improvement, and information technology engineering. The main ditch treatment will build a 3.4-kilometer flood channel slope protection and bottom protection, and a 0.8-kilometer embankment; The management of the tributary involves the construction of 6.57 kilometers of ecological revetment; The special upgrading project will build 18.135 kilometers of patrol roads; The information technology project will build a digital twin base plate and a flash flood warning system. Six companies participated in this bidding process, and after evaluation, four companies entered the final stage. The joint venture of China Electric Power Construction East China Institute is far ahead with a comprehensive score of 92.38 points. The joint venture of Gansu Provincial Water Resources and Hydropower Engineering Bureau and Yangtze River Survey, Planning, Design and Research Co., Ltd. in second place scored 70.04 points, while the joint venture of China Electric Power Construction Kunming Institute in third place quoted 421 million yuan. Industry analysis believes that the technological accumulation of Zhongdian Jianhua East Institute in the field of water conservancy informatization is the key factor for its victory. The winning bid of this project marks an important step forward in the construction of ecological governance and flood control system in Gansu Province by 2025, which will provide strong support for local water security. Editor/Yang Beihua