Liangjiang promotes domestic, intl enterprise collaboration

Representatives from over 300 Chinese and international enterprises gathered on March 31 in Liangjiang New Area to discuss cooperation opportunities at the Joint Initiative of State-Owned, Private, and Foreign Enterprises in Liangjiang New Area & 2025 Chongqing Municipality Inaugural Project Launch Ceremony for the Coordination of "Three Enterprises". 

The event in Liangjiang New Area attracts over 300 representatives. [Photo provided to english.liangjiang.gov.cn] 

Liangjiang unveiled its 2025 investment opportunity list and sealed deals with State-owned, private, and foreign enterprises. The list includes 452 high-quality projects totaling 236 billion yuan ($32.46 billion) and spans eight areas, including industrial development, social services, and equity financing. 

The event signaled robust confidence in Liangjiang's economic future, with 61 projects securing agreements with State-owned enterprises, 89 with private enterprises, and 12 with foreign enterprises, as well as 48 key projects signing contracts on-site. 

The projects total nearly 100 billion yuan and span five categories: industrial cooperation, sci-tech achievement commercialization, urban renewal and quality improvement, equity investment, and infrastructure.

High-profile projects include 5-billion-yuan projects by China Oil And Gas Pipeline Network Corporation, Fosun Group, and Geely Group, unicorn projects launched by TJD Parking and Sunsea Parking, and Xingyun Group's benchmark project. 

Xingyun Group, a top 500 private company in China, plans to invest $100 million to set up its Western China headquarters and boost cross-border trade. The project aims to build a digital trade platform to streamline compliance and cluster cross-border businesses while boosting exports for Chongqing's new energy vehicles and medical devices through Xingyun's worldwide network.

Liangjiang is stepping up efforts to build eight strategic industrial chains, including intelligent-connected new energy vehicles, next-gen electronic information, and high-end equipment.

According to a local official, the area will optimize government services for projects and foster a more enabling climate for every business and investor. It will pledge responsive governance and eliminate excessive interference.