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Special incentives to spur development in key areas

Updated: 2007-03-07

There was warm response also to investment promotion activities in Hong Kong Special Administrative Region, with many investment cooperation agreements signed there last year.

In addition, a number of top business and government officials from overseas have also visited the five key areas, to seek potential business and investment opportunities.

Top provincial government officials attach great importance to development and investment promotion under the "Five Points and One Line" strategy.

To date, the Liaoning provincial government has organized 13 special meetings for the implementation of the strategy.

Led by Li Keqiang, Party secretary of Liaoning, a group of entrepreneurs held three in-depth discussion sessions with the president of the STX Group from the Republic of Korea in a bid to enhance business cooperation with the company.

A number of large investment projects are currently in operation in the area.

For example, the project of MCC Jingcheng Machinery Equipment Co involving investment of 9.97 billion yuan has recently been kicked off.

At present, 186 projects with a total investment value of 200.9 billion yuan are being discussed with both local and foreign investors.

In addition, the province has enhanced the coordination between different government departments, optimizing the investment climate for investors at home and abroad.

Sources from the Liaoning provincial government said that the China Development Bank has pledged to provide 30 billion yuan to support the infrastructural development of the area.

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