On August 29, 2017, DomusVi Group signed an agreement with the Fortrust Investment Fund in Xi'An, in the presence of Group Chairman Mr. Aymar Hénin, Deputy Mayor of Xi'An Mr. Fang Guang Hua, Chairman of the General Workers' Union of Xian City and Vice-Chairman of the Standing Committee of the Xi'An Municipal People's Congress Mr. Shi Nan Zheng, Deputy Secretary General of Xi'An Municipal Government Mr. Wang Wei, Fortrust Fund Mr. Long Xi as well as representatives of the Association of Aging of Shanxi Province.
Fortrust is a public investment fund held mainly by the City of Xian. The Fund expects to raise a total investment of 5 to 10 billion RMB fully dedicated to the retirement homes sector, with a first phase starting at 1.5 billion RMB.
This signature follows the inauguration on May 8th of the French-Chinese EHPAD of DomusVi jointly classified by the French and Chinese authorities as a national pilot site. DomusVi Group is strengthening its presence in Shanxi Province by intensifying its cooperation with the Xian City Workers' Union with the objective of developing and managing retirement homes throughout China.
People over the age of 60 in Shaanxi province total more than 6 million people, with an annual growth rate of 3%.