Oct.2024 11
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Focusing on the "Two New" policy, Tongcheng Holdings and Vary Solid Waste initiate a new chapter in circular economy

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Recently, the "Two New" supply and demand docking and circular utilization activities were held in Changsha, Hunan. Changsha Tongcheng Holdings Co., Ltd. entered into a contract with Hunan Vary Solid Waste Treatment Co., Ltd., thereby injecting fresh vitality into the green and low-carbon circular economy development, under the policy framework of exchanging old for new.





Changsha Tongcheng Holdings Co., Ltd., headquartered in Changsha, is a diversified conglomerate. It has showcased a substantial business expansion and a strong market presence across commercial retail, hotel tourism, and financial services. The company actively champions the economic growth within the home appliance market in Hunan. This strategic alliance with Hunan Vary Solid Waste Treatment Co., Ltd. fully exemplifies Tongcheng Holdings' steadfast dedication and sense of responsibility in supporting green and low-carbon initiatives and in promoting the circular economy.

Hunan Vary Solid Waste Treatment Co., Ltd., a wholly-owned subsidiary of Hunan Vary Tech Co., Ltd., is committed to the resource utilization and operational services of urban and rural solid waste. It has been awarded the title of a "key contact enterprise for renewable resources recycling" by the Ministry of Commerce. The company operates more than ten waste sorting and renewable resource recycling facilities, possessing extensive expertise in waste recycling, treatment, and the establishment of systems for renewable resource utilization. The Changsha County project, which it serves and operates, has been recognized as a national model county for domestic waste sorting and resource utilization, and as a model for rural waste management in the national ecological civilization construction demonstration area. This collaboration with Tongcheng Holdings is poised to further advance the new development of the circular economy, particularly in the household appliances sector in Hunan.

The event is orchestrated by the Hunan Provincial Development and Reform Commission, in partnership with the People's Government of Changsha City. The execution is managed by the Changsha Development and Reform Commission and the Economic Development Bureau of the Hunan Xiangjiang New Area Management Committee. Oversight of the event's proceedings is provided by the Hunan Provincial Circular Economy Research Association. Throughout the event, the Department of Commerce, the Department of Agriculture and Rural Affairs, and the Department of Transportation of Hunan Province unveiled relevant implementation plans and policies. The Hunan Provincial Supply and Marketing Cooperative showcased the effectiveness and future plans of the provincial supply and marketing cooperative system in supporting the "Two New" initiatives, collectively working towards the advancement of high-quality economic development in both Hunan Province and Changsha City. He Mingquan, the general manager of Hunan Vary Solid Waste Treatment Co., Ltd., along with other representatives from recycling companies, delivered a declaration of integrity.



The agreement signed between Tongcheng Holdings and Vary Solid Waste not only highlights the unwavering commitment of both parties to environmental stewardship and the advancement of the circular economy but also establishes a new trajectory for future partnerships aimed at enhancing resource recycling. With the robust support and guidance of the "Two New" policy, Hunan Province is poised to forge ahead on the expansive path of circular economy and green, low-carbon development. We remain steadfast in our approach, with technological innovation as the cornerstone, and eagerly anticipate collaborating with additional enterprises to collectively build a sustainable and eco-friendly future.