Farming group attracts $9.4b in investment

Hainan State Farms Investment Holding Group Co Ltd, also known as Haiken Group, the largest State-owned agricultural enterprise in the country's southernmost Hainan province, secured 20 cooperation projects on the first day of the firm's participation in a 100-day global investment promotion event on May 23.

At the event - 2018 China Hainan Pilot Free Trade Zone 100-Day Investment Project Promotion Campaign - the group signed cooperation agreements with leading industrial groups such as State-owned grains and food conglomerate COFCO, China Youth Travel Service Co Ltd, the CCCC Marine Construction & Development Co Ltd and Pagoda Investment Advisors (S) Pte Ltd, with a total investment value of 60 billion yuan ($9.4 billion).

The projects cover construction of a motor-racing town, a park with tropical flowers and fruits, a hot spring holiday resort and urban complexes.