Shenyang releases 1,053 business opportunities for global investors

Shenyang, the capital city of Northeast China's Liaoning province, released lists of business opportunities in the city for global investors on April 23 during a live broadcast and offline press conference.

A total of 1,053 business cooperation projects covering Shenyang's eight development visions were announced, including international consumption center city construction, smart city construction and livable and high-quality city construction.

Of these projects, 30 special projects in Shenyang's leading and emerging industries were highlighted.

The investment amount for the projects totals 1.1 trillion yuan ($165.04 billion).

During the press conference, an online signing ceremony for 152 projects took place. The total value of these contracts is 129.53 billion yuan.

The newly signed project agreements cover a range of investment tiers: three have an investment of more than 10 billion yuan each, three have an investment of 5-10 billion yuan each and 26 have an investment of 1 to 5 billion yuan each.

In terms of investment sources, 70 of the projects are being funded by companies and individuals from developed foreign and domestic regions, accounting for 46.1 percent of the total. Among them, 62 projects are from foreign countries and the Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta regions.

The press conference was attended by representatives from 11 unicorn enterprises and potential unicorn enterprises, as well as around 300 financial institutions, intermediary agencies, business associations, key research institutes, colleges and universities.