Xi'an, a hotspot for investment

In 2023, Xi'an, capital of Northwest China's Shaanxi province, yielded impressive results in investment promotion.

Throughout the year, the city signed 1,077 project contracts with a total investment of 906.8 billion yuan ($125.97 billion), marking increases of 54.3 percent and 8.2 percent compared to 2022.

By leveraging the Central Asia Summit, the Silk Road International Exposition, and the Euro-Asia Economic Forum, Xi'an has facilitated dialogue and utilized foreign and domestic investments to achieve its annual growth targets. This also showed the city's strong commitment to investment promotion.

Over the year, the leaders at all levels in the city participated in 1,555 outings in order to engage in investment promotion and project negotiations.

In terms of overseas investment promotion, Xi'an conducted promotional activities in several countries in 2023, including Germany, Japan, and South Korea.

Furthermore, efforts were made to attract Fortune Global 500 companies and industry leaders to the city. Xi'an encouraged these leading enterprises to establish regional headquarters, manufacturing bases, research and development centers, and settlement centers here.

Additionally, Xi'an continuously optimized its financial environment, injecting more vitality into the real economy. These efforts included strengthening cooperation with industrial funds, securities firms, and asset management institutions, as well as signing investment promotion cooperation memorandums with renowned domestic financial platforms.

Currently, Xi'an is home to over 200 top investment institutions, including Sequoia China, IDG Capital, Shenzhen Capital, and Legend Capital.