Hechi makes big progress in investment promotion

Since the beginning of this year, Hechi has promoted the investment of central enterprises, private enterprises, foreign enterprises, and enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, achieving new breakthroughs in investment promotion projects.

At present, 854 projects are under negotiation, with a total intended investment of 355.2 billion yuan ($54.32 billion), while 173 projects have been signed, with a total investment of 86.79 billion yuan.

In early September, the investment promotion team of Hechi went to Shenzhen to carry out investment promotion activities in several districts and signed 10 projects, with a total investment of 3.9 billion yuan.

Recently, the investment promotion team focusing on the new materials and biomedical chemical industry has also signed eight projects, with a total investment of 8.19 billion yuan, with enterprises in Guangdong province.

In order to promote the projects' construction and completion, Hechi focused on tracking the signed projects of the China-ASEAN Expo in the past three years through online and field visits, as well as further implemented resident services for key projects of Guangxi, carrying out daily reports and holding regular coordination meetings.

Hechi has also bolstered policy support for strengthening Guangdong-Guangxi industrial cooperation. It has provided incentives and subsidies for enterprises in the Greater Bay Area in terms of land use and discount interest in financing, provided living allowances to senior managers and senior technical personnel of newly established enterprises, as well as established an export tax rebate fund pool, with a scale of 30 million yuan, to further support the development of foreign trade enterprises in the city.

With multiple measures taken, the implementation of investment projects in Hechi has shown positive momentum. The contracted project implementation rate is 94.8 percent, and the operating rate is 73.99 percent. Its project implementation rate, project operating rate, and capital in-position rate rank among the top five in Guangxi.