Foundations to boost Guiyang into powerful provincial capital

Guiyang holds an investment promotion event to attract foundations and boost its economy. [Photo/chinadaily.com.cn]

An investment promotion summit was held in Guiyang, capital of Southwest China's Guizhou province, on Oct 28. Representatives from more than 100 domestic financial institutions and enterprises attended the summit and discussed boosting Guiyang's development with the help of foundations.

The summit facilitated the signing of agreements for 56 projects worth 30.88 billion yuan ($4.83 billion), including 18 foundation cooperation projects worth 12.35 billion yuan and 38 foundation investment projects worth 18.53 billion yuan.

Policies involving Guiyang and Guian New Area's investment foundation promotion, city development plans, and company listing were released at the summit.

Experts were also invited to listen to presentations by high-quality enterprises and offer suggestions for their financing and future development.

Shen Yiqin, secretary of the CPC Guizhou Provincial Committee, said that Guiyang and Guian should take the summit as an opportunity to attract more investment, projects, talent and technologies.

Shen invited all the foundations, enterprises and investors to invest in Guizhou, saying that the province will provide the best services to guarantee the successful investment of all enterprises.

Guiyang and Guian boast strong transportation infrastructure, a comfortable natural environment, abundant resources and a sound business environment. As core areas of the national big data comprehensive pilot zone, Guiyang and Guian are development bases for the global big data industry.

In addition, Guiyang has rapidly advanced its traditionally strong industries and emerging industries. In recent years, the city has formed a modern industrial system by reforming the technology structure, enhancing financial support and improving innovation capabilities.

The investment attraction summit is expected to ally Guiyang's industrial advantages with its foundations, so as to realize win-win development, boost Guiyang and Guian's real economy, and help Guiyang become a provincial capital with a strong economy.