Home » Business » Rapid Growth of Investment Funds in Liaoning Province” or “Liaoning Province Achieves Remarkable Results in Investment Promotion

Rapid Growth of Investment Funds in Liaoning Province” or “Liaoning Province Achieves Remarkable Results in Investment Promotion

China News Service, Shenyang, October 25 (Reporter Han Hong) The Information Office of the Liaoning Provincial Government held a series of press conferences (the 4th) on the economic performance of Liaoning Province in the first three quarters of 2023 on the 25th. At the meeting, it was pointed out that Liaoning’s investment promotion Rapid growth. In the first three quarters, Liaoning’s investment funds received increased by 12.5% ​​year-on-year. Among them, the domestic capital in place increased by 15.5% year-on-year; the actual use of foreign capital was US$3.01 billion.

Liaoning’s major projects played a significant supporting role, with 1,162 projects receiving investment of more than 100 million yuan, and the funds in place increased by 13.1% year-on-year, accounting for 83% of the total investment. Among them, 94 projects received more than 1 billion yuan of capital, and the funds in place increased by 10.6% year-on-year. Key foreign-invested companies such as BMW Brilliance, SK Hynix and Michelin Tire continue to increase capital. At the same time, the secondary industry leads the direction of investment, and investment in key areas grows rapidly. Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Pearl River Delta are the main sources of funds outside the province. The funds in place increased by 16.5% year-on-year, accounting for 73.8% of the province’s total.

On October 25, the press conference held by the Information Office of the Liaoning Provincial Government.Photo by reporter Han Hong

According to Guo Bin, a member of the Party Leadership Group and Deputy Director of the Liaoning Provincial Department of Commerce, Liaoning has achieved remarkable results in attracting investment from key countries and regions. We vigorously promoted the “Nine Golden Policies” to promote foreign economic and trade development, and went to Germany, Switzerland, Japan, South Korea, Singapore and other places to promote 120 key projects. Economic and trade cooperation exchange meetings were held in Japan, South Korea, and Singapore, and symposiums for Japanese, American, and German-funded enterprises in Liaoning were held in Shenyang and Dalian respectively. Korean entrepreneurs attended the Liaoning Economic and Trade Cooperation Matchmaking Conference and held the 26th Liaoning Bafu State Economic and Technical Cooperation Mixed Committee. 24 key foreign-invested projects were signed, including the Industrial Gas Island with a total investment of US$1 billion by American Air Chemical Products Company, with a contract value of US$3.26 billion.

Liaoning consolidated and expanded its investment cooperation platform and successfully held the 4th Liaoning International Investment and Trade Fair. It achieved the expected goal of “the largest conference, the highest level of guests, the largest contract amount, and the best evaluation from all walks of life” among all previous Liaoning Fairs. A total of signed projects 271, with a total contract value of 586.34 billion yuan. Large-scale investment promotion activities such as the Yangtze River Delta and the Beijing-Tianjin-Hebei Investment Promotion Week have been held successively, with a total of 325 projects signed, with a total contract value of 229.16 billion yuan.

In terms of promoting investment in major projects, 429 key investment promotion projects in Liaoning Province have been identified in 2023, with a total contract value of 825.99 billion yuan. As of the end of September, 291 projects had been implemented, with a implementation rate of 67.8%.

In addition, Liaoning continues to optimize its business assistance services and improve its business attendant system. A total of 367 specific issues have been collected and 353 have been resolved. Through the business environment exchange symposium for Japanese-funded and American-funded enterprises in Liaoning, 49 issues were helped to be solved. Formulated the “Implementation Measures for Incentives for the Establishment of Foreign-invested R&D Centers in Liaoning Province” to help BMW Brilliance Automotive Co., Ltd.’s R&D center obtain tax-free import qualifications. (over)

2023-10-25 09:00:16
#Liaonings #investment #promotion #grown #rapidly #actual #foreign #capital #quarters #US3.01 #billion #China #News #Service

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.