Memorandum of Understanding on cooperation was signed between the Azerbaijan Investment Holding (AIH) and the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council of the People's Republic of China during the 29^th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change.

The purpose of this memorandum is to establish and promote cooperation between the Parties in the areas of green development, low-carbon strategies, and social responsibility initiatives among State-Owned Enterprises (SOEs) under the supervision of both AIH and SASAC.

The parties agreed to collaborate to promote the reduction of carbon emissions and develop strategies to improve energy efficiency and resource management within SOEs, support the development and implementation of green technologies and innovations, exchange experiences and best practices related to corporate social responsibility and environmental sustainability, and facilitate joint analyses to explore cooperation opportunities in green and sustainable projects.