Hechi completes half of its domestic investment target

As of the end of June, total domestic investment of Hechi, Guangxi Zhuang autonomous region, reached 21.4 billion yuan ($3.06 billion), amounting to 62.9 percent of the annual target amount and exceeding the overtime completion schedule.

Of this total, investment outside Guangxi in projects worth more than 50 million yuan has reached 21.12 billion yuan, making up 91.82 percent of the annual target amount. It is expected that the annual target will be reached by the end of July.

The actual use of foreign capital has hit $3.04 million, amounting to 30.4 percent of the total target.

As of the end of June, Hechi had 511 projects under negotiation with central enterprises, private enterprises, and enterprises from the Guangdong-Hong Kong-Macao Greater Bay Area, with 129 projects signed and 82 projects starting construction.

A total of 63 central enterprise projects with an intended investment of 90.19 billion yuan are in discussion. Of these, 23 projects have been signed with a planned investment of 24.18 billion yuan, and seven projects have been started, with a total planned investment of 7.15 billion yuan, and 350 million yuan in place.

The number of projects involving private enterprises reached 258, with an intended investment of 115.61 billion yuan. Of these, 57 projects have been signed with a planned investment of 20.830 billion yuan, and 46 projects have been started with a total planned investment of 13.51 billion yuan and 2.42 billion yuan in place.

Enterprises from the Greater Bay Area have conducted 190 projects with an intended investment of 61.36 billion yuan. Of these, 49 projects have been signed with a planned investment of 29.8 billion yuan, and 29 projects have been started with a total planned investment of 23.27 billion yuan and 198 million yuan in place.

In addition, Hechi signed a total of 53 investment cooperation projects with a total investment of 28.9 billion yuan during the 16th China-ASEAN Expo (CAEXPO), which was held in Nanning in September 2019. These include 49 domestic-funded projects with an investment of 20.23 billion yuan and four foreign-invested projects with an investment of $1.24 billion.

As of June 15, 3.7 billion yuan of the CAEXPO projects was in place. Forty projects have been started and two projects have been completed and put into operation.