Zhoushan Changhong International Industrial Park is invested by Jiangsu Xin Changjiang Group in 2011,which is located in Dinghai Industrial Park, Zhoushan Island with great advantage of geographical location. The total investment of the Industrial Park is about 6.7 billions RMB, covering an area of 4300 acres with coastline of 4500 meters. The project of the Park has been divided into two phases. The first stage contains Ship building, ship repairing and ocean engineering. The second stage contains ship recycling, secondhand ship trading and metal resource recycling. Six big economic entities under the Park are made up of modern industrial chain which is on ship basis with resource recycling and developing simultaneously, thus forming operation mode of industry and trade.