[Comrade Fu Gangfeng served as chairman of SDIC] On June 17, 2022, China Development and Investment Group Co., Ltd. held a meeting of middle-level and above managers. The relevant responsible comrades of the Central Organization Department announced at the meeting the central government's decision on the appointment of the chairman and party secretary of China Development and Investment Group Co., Ltd.: Comrade Fu Gangfeng was appointed as the chairman and party secretary of China Development and Investment Group Co., Ltd., and he was removed from COSCO Group. Director, general manager and deputy secretary of the party group of Shipping Group Co., Ltd. Editor / Zhao E

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• 2026.07.31 09:44
• [Allseas wins Canadian LNG subsea pipeline contract]
• In July 2026, Swiss marine engineering giant Allseas won the installation contract for the underwater section of the Canadian PRGT natural gas pipeline, which will lay approximately 50 kilometers of pipelines connecting onshore systems with Ksi Lisims floating LNG facilities. The offshore operation plan is scheduled to start in 2029.Editor/Gao Xue

• 2026.07.31 09:41
• [Mengdian's entry into Shanghai project starts construction]
• On July 30, 2026, the supporting river crossing project at the receiving end of the Kubuqi Desert Base Power Transmission Project in Inner Mongolia officially started construction in Chongming, Shanghai. The cross river tunnel is a crucial node in the project and is planned to be completed by the end of 2030. By then, it will be able to deliver approximately 40 billion kilowatt hours of green electricity to Shanghai annually.Editor/Gao Xue