Recently, Tianjin Tianbao Construction Development Co., Ltd (hereinafter referred to as "Tianbao Construction Company") and Tianjin Hongbo Hotel Co., Ltd. have successfully held the signing ceremony of "Laying Out a New Future for the Industry Together and Creating a New Party-type B&B" at the project of Tianbao Lantaoxuan, Meizhou Road, Beitang Economic Zone, Binhai New Area. Both parties reached an agreement on the leasing of more than 3,800 square meters of the Project. In the future, both parties will take advantage of the high-quality residential environment of the Project and commit to building a "party-type" personalized B&B tourist place integrating socializing, entertaining, relaxing, and vacationing in the Binhai New Area, where popularity will be gathered to attract business, and to promote the development of the area in terms of both quality and efficiency.

He Liang, Director of the Investment and Sales Department of Tianbao Construction, says, "In order to intensify the revitalization of the assets of the Tianbao Lantaoxuan Project. The Investment Promotion and Sales Business Department has launched the market research of 'Walking, Talking and Observing' in conjunction with the current real estate development trends, and docked with the Binhai Zhongguancun Science and Technology Park to learn more about the demands of the customers in the area, such as the preferential investment policies, industry-oriented, and process specifications. We have tailored the 'leisure B&B' leasing service products which are deeply tied with the tourism industry around Beitang, and realized online and offline dual-line investment through 'Internet+', striving to closely align the customer demands, project settlement requirements and the existing assets of the Company."

In the process of visiting and interfacing with the Ronghui Business Park and the neighboring enterprises, Hongbo Hotel expressed its approval of Tianbao Construction Company's business philosophy, project planning and leasing mode, and both parties reached an immediate agreement and quickly concluded the intention to cooperate with each other. Tianbao Construction established a special team without delay to develop a detailed leasing program for Hongbo Hotel, turning 8 sets of high-quality villas into a "B&B + Social" new party-type B&B model. Efforts have been made to plan the accommodation space into a new-style place integrating culture and art, catering and food, games and entertainment, aesthetics of life and social gatherings, so as to satisfy the demands of different users for a "third space" experience outside of the home and office scenarios. Liu Dongliang, the responsible person of Hongbo Hotel, remarks with satisfaction, "Thanks to the one-stop services and professional control of Tianbao Construction, the vision of our party-type lodging came to have a orientation so quickly, which both saves the efforts, energy, and time of investors, and empowers and boosts the optimization of a favorable business environment in the new area, thereby enhancing our confidence in investing in expanding our rentals."

According to Wang Jiang, General Manager of Tianbao Construction Company, "Tianbao Lantaoxuan Project is adjacent to the Binhai Core Area and the Huanghai North Road and Beitang Street, the main roads of Binhai Zhongguancun, and is adjacent to Beitang Ancient Town Pedestrian Street Area, and is opposite to Sino-Singapore Eco-city across the bridge. The launch of the party-type B&B products serves as an important platform for enriching Beitang's tourism resources and boosting the construction of a beautiful coastal city that is pleasant to live in, pleasant to work in, pleasant to travel to, and pleasant to enjoy. It can fulfill the beautiful imagination of life in Beitang, and also open up a broader development prospect for promoting efficiency and profitability for all parties in the cooperation."

As a state-owned enterprise in Tianjin Port Free Trade Zone, Tianbao Construction is primarily responsible for regional industrial real estate development, investment, construction and operation services as well as regional public construction, municipal, greening, communication pipeline, land development and other infrastructure construction missions, and it possesses 730,000 square meters of assets such as customized factory buildings, commercial residences and offices, which are distributed in the airport, seaport and harbor areas. Over the past two years, Tianbao Construction Company has aimed at revitalization of key assets as a breakthrough point, oriented to market demand, and endeavored to explore effective ways to optimize operation and management methods, expand investment channels, reasonably amplify effective investment, and stabilize the return of funds to release the development space and stimulate the new vitality of the development of the enterprise, and revitalized nearly 70,000 square meters of idle assets in the past two years by means of channel investment, business investment, and precise investment.

As proposed in the Report of the 20th National Congress of the Communist Party of China , efforts should be made to deepen the reform of state-owned capital and state-owned enterprises, accelerate the optimization of the state-owned economic structure and structural adjustment, promote the enhancement of state-owned capital and state-owned enterprises, and improve the core competitiveness of the enterprises. Tianjin Port Free Trade Zone will continue to adhere to the concept of "Party Building Leading and Joint Construction", comprehensively put into practice the requirements of "Ten Actions" of Tianjin Municipality, especially the action of supporting and leading the high-quality development of Binhai New Area, fully exert the decisive role of the market in resource allocation, better fulfill the role of the government, and continue to optimize the business environment, encourage enterprises to explore the development ideas, actively pursue early and pilot initiatives, and contribute more to the high-quality economic and social development of Tianjin Port Free Trade Zone.