Ningbo, Zhejiang Province Signs Over RMB 14.0 Billion Domestic and Foreign Investment Projects

Xinhua News Agency, Ningbo, China, June 8th: Ningbo City, Zhejiang Province held an international investment cooperation fair and signing ceremony for major projects on the 8th. It signed a total of more than 140 billion yuan of domestic and foreign investment.

With the signing of the agreement, a total of 49 domestic-funded projects have been reached, with a total investment of 13.322 billion yuan; 24 foreign-funded projects and 18.75 billion U.S. dollars in foreign investment. Among the projects signed, the amount of domestic investment is There are 30% of the 100 million yuan, accounting for 61% of the total number of contracted projects; 10 foreign investment of more than 100 million US dollars, accounting for 40% of the total number of signed projects.

Projects with a domestic investment of over RMB 20 billion include: Greenland Group plans to invest RMB 105 million in Kangye Township in Hangzhou Bay New District; Everbright Hongrun Investment Management Co., Ltd. intends to establish RMB 10 billion in Yinzhou District China Everbright Group PPP Fund, which mainly invests in rail transit, sponge city, health and environmental protection, tourism, science and technology, etc.; China Catering Investment Co., Ltd. plans to invest 0.2 billion yuan in Tongliao Island LNG receiving station project in Daxie Development Zone; Shanghai Tianyi Industrial Holdings Group Co., Ltd. plans to invest 500 billion yuan in the Smart Valley Industrial Park project in Cixi City; Beijing Jingdong Century Trade Co., Ltd. will invest 500 billion yuan, will cooperate with Ningbo City on modern logistics, e-commerce, internet finance, cloud services , Talent cultivation and other fields to cooperate.

Projects with large foreign investment include: Singapore’s Kaide Group will invest 150 billion yuan in the Zhongxin (Ningbo) Zhizhi Industrial Park project in Haishu District; Shengjisheng (Ningbo) Semiconductor Technology Co., Ltd. intends to invest in Yinzhou District US$100 million Sheng Jisheng Semiconductor Technology Project; Hong Kong Stone Paper Environmental Protection Materials Co., Ltd. plans to invest 180 million US dollars in the Cixi City, the annual output of 20 million tons of environmentally friendly stone plastic new materials projects.

According to reports, these contracted projects involve intelligent manufacturing, new generation of information technology, new energy and new materials, bio-medicine, energy conservation and environmental protection, and other key support industries in Ningbo.

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