There are five sponsors of the Western Development Bank, besides the Western Lottery and Western Holdings, there are also the Western R&D Promotion Association, Suzhou China International Horse Culture Development Co., Ltd. and Yin Feng International Investment Co., Ltd. In the Western Development Bank, the Western Lottery will hold absolute shares, with Western Holdings accounting for 20%, Yin Feng Investment accounting for 5% and China International accounting for about 65,438+00%. The western promotion association plays a coordinating role, such as docking with the government and not directly investing. At present, the specific proportion has not been finalized.
The Western Lottery represents a consortium, including five or six overseas China enterprises, as well as private and state-owned institutions. China Western Lottery is the only management company in China engaged in lottery planning, design, development and sales. The purpose is to issue western lottery tickets throughout the country to raise funds for the development of the western region for the development of energy, education and environmental protection in the western region. At the same time, it also attracts foreign investment to support the western region and reduces the pressure of the state's capital investment in the western region. Sun, the chairman of China Western Lottery, is from the United States, and the vice president is from Singapore. Suzhou Zhonghua is a Sino-foreign joint venture, while Yin Feng Investment is a private enterprise.