Beihai, in Guangxi Zhuang autonomous region, signed investment agreements with several enterprises on April 25 and 26. The agreements are for seven projects with a total investment of 301.5 billion yuan ($42.61 billion).

The signing ceremony of the 'high-end service investment strategic cooperation agreement' between the Guangxi Investment Promotion Bureau and the Beihai government was held in Nanning on April 25. Beihai signed contracts with two companies with a total investment of 2.5 billion yuan, including a hydrogen engine production base and a hydrogen energy research institute project by Zhejiang Runfeng Energy Group, and a private bilingual school and its South China headquarters by Beijing Kunshan Education Technology Co.

A contract signing activity for projects with investment exceeding 10 billion yuan is held in Nanning on April 26. [Photo by Li Junguang/gxnews.com.cn]

On April 26, Beihai held another contract signing for five projects with a total investment of 299 billion yuan.

Among them, East Hope Group plans to invest 153.5 billion yuan in the construction of a circular economy industrial base project in Beihai, covering fine chemicals, photovoltaic materials, aluminum, green building materials, and modern hog breeding; Hong Kong United Strength Power Holding Ltd will invest in and construct new chemical materials projects; and Beijing Zhonghao Zhida Investment Group plans to invest 50 billion yuan to develop Beihai's medical industry and big health industry.

Asia Symbol (Guangdong) Paper Co and Henan Jinshan Chemical Group will invest in high-grade paper and pulp projects and a salt chemical upgrading project in Tieshan Port.

Since the beginning of this year, Beihai has implemented innovative methods to attract investment while preventing and controlling the epidemic. Departments at all levels have used telephone and video negotiations to expand new cooperation resources.

By the end of the first quarter, Beihai had signed off on 32 new investment projects with a total investment of 17.88 billion yuan. In addition, 85 projects with a planned investment of about 700.8 billion yuan are under discussion.