150 investment projects prompted at Ningbo Merchants Conference

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Category: Ningbo Business

Published: Wednesday, 18 April 2012 10:25

An investment project promotion was held at the first Ningbo Merchants Conference on the afternoon of April 14, aiming to attract Ningbo-native entrepreneurs to make investments in their home place. Liu Qi, mayor of Ningbo, Cen Guorong, party secretary of the Provincial Federation of Returned Overseas Chinese attended the meeting; vice mayor Chen Yi-jun recounted the projects and the related policies. More than 400 Ningbo businessmen from home and abroad were present at the meeting.
The meeting introduced the blueprint for Ningbo’s social and economic development, introduced the new "2+3" development platforms, namely, two major provincial industrial clusters: Hangzhou Bay and Meishan, and three major platforms: Ningbo Sanmen Bay, Xiangshan Harbor and eastern Cixi coast which are under planning and oriented to medium and long-term development. The fundamentals, overall planning and key investment fields of these platforms were highlighted by the presenter

The meeting promoted 150 key investment projects that boast mature conditions and good prospects, to be involving an aggregated investment of 220 billion yuan. These projects have been compiled into a pamphlet and sent to all the participants. At the meeting, an overview of these projects has been introduced according to different fields such as the industry transformation and upgrading, strategic emerging industries, modern agriculture, infrastructure and social well-being.

To encourage more Ningbo merchants to promote the construction of Ningbo as a modern international port city, the municipal party committee and municipal government issued guidelines on supporting innovation and entrepreneurship of Zhejiang businesses to promote Ningbo’s development”. Major policies of economic development have been complied and sent to all the participants. Policies in increasing support for industrial development, scientific and technological personnel, land and financial security, headquarters economy, efficient administrative services and social environment for start-ups have also been introduced.

“The new strategy, new platforms, new projects and new policies for Ningbo’s economic and social development show broad space and good environment for investment in Ningbo." said the participants. They would also compare and consider these projects seriously and select appropriate ones to promote the construction of Ningbo.

A signing ceremony of investment projects was held in the first World Ningbo Merchants Conference on the morning of April 14. 20 projects, with an estimated investment volume of 28.2 billion yuan were signed at the meeting. Except for a 100 million technology research institute project, the rest investments have exceeded 500 million yuan each, and 8 of the portfolio are more than 1 billion yuan. The largest project investment amounts to 10.5 billion yuan.

It is said that these investment projects involve a wide range of industries such as new energy, new materials, electric machinery, chemical engineering, health care, trade, investment and financing. There are 12 manufacturing projects with an estimated investment volume of 18.3 billion yuan, most of which are high-tech and strategic emerging industries such as the Yuyao’s introduction of concentrating solar power chip project, which is more advanced, more efficient, and costs less than the polysilicon solar power. There are 8 service projects with a total investment of 9.9 billion yuan, including a number of urban complexes, commerce, investment and financing projects. For instance, the introduction of 3-billion-yuan City Square for comfortable home project in Yinzhou District will create a business cluster with numerous fashion and business pioneers.

These projects show Ningbo merchants' sincere heart to repay their hometown and promote the development of Ningbo. Hongkong Kinox Co. Ltd, founded by Mr Sun Qilie who is from Ninghai, signed a contract with the Ninghai County People's Government. 600 million yuan will be invested to build Hong Kong City Fashion Square in the downtown. It's ready to introduce well-known recreation, dining, entertainment brands and excellent business management teams from Hong Kong to create an influential fashion square in east China. Shenzhen Huarong Financial Holdings Limited, founded by the Schumann sisters who are from Fenghua, signed with Fenghua Yuelin Street to build a financial modern complex with commercial buildings, hotels, entertainment, financial incubators and SME headquarters with a total investment of 800 million yuan. Shanghai Roncent Communication Technology Co., Ltd., with Mr Cen Wanrong as its chairman who is from Cixi, signed a contract with the management committee of Cixi emerging industry cluster with a total investment of 600 million yuan in TFT LCD (a liquid crystal display) ultra-thin technology and cutting irrigation crystal in Cixi, which will turn out an annual sales of 3 billion yuan when in production