Guangxi Zhuang autonomous region inked 381 major industrial investment and cooperation projects with an investment of 343.51 billion yuan ($53.93 billion) as of this year, officials from the Investment Promotion Bureau of Guangxi Zhuang Autonomous Region announced on Dec 16.

The region set up liaison offices in major domestic areas such as the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Economic Belt and Beijing-Tianjin-Hebei region in order to play a more active role in industrial matchmakings.

Targeted companies in eight industries including new energy vehicles, biomedicine, new materials and digital economy from the aforementioned areas were listed. Among them, 1,000 are unicorns and gazelles and 3,000 are specialized, elaborative, characteristic, or innovative. 

The region has now achieved cooperation intentions for 3,699 projects in 13 major industries and leading industries of the China (Guangxi) Pilot Free Trade Zone spanning marine economy, modern agriculture, high-end furniture and home furnishing, light industry and textiles, biomedicine, high-end machinery and equipment manufacturing, automobiles and advanced new materials.

Li Changguan, director of Guangxi Investment Promotion Bureau, said that Guangxi will continue to help companies deal with obstacles to their development in Guangxi such as meeting energy consumption index and getting financial support.

Guangxi will also seize opportunities brought about by the Regional Comprehensive Economic Partnership (RCEP) to better promote Guangxi, aiming to attract more foreign investment to the area.