A project signing ceremony of the Changsha High-speed Rail New Town area was held recently. Fifteen major projects were signed, with a total value of 10.576 billion yuan.

Among the projects, the International Business Tourism Health Town invested by Wilmar International, one of the world's top 500 enterprises, plans to build a landmark building with a height of 249 meters, and create a medical and health complex integrating domestic first-class specialties, medical treatment, cosmetic medicine, health care, and rehabilitation. 

SNC Stem Cell Engineering Group Co., Ltd., China's top company in stem cell technology R&D, invested in the construction of a central China R&D headquarters project to build a global cell technology R&D center integrating digital healthcare, technology R&D, and cell drug production in Liuyang River Digital Valley.

In addition, the Demo Digital Medical Industry Base and R&D Center Project will build a medical device CDMO platform with rapid approval, institutional innovation and trade facilitation, as well as the province's first digitization-led biotechnology industry base.

In 2023, the management of the Changsha High-speed Rail New Town area was entrusted to the Hunan Pilot Free Trade Zone Changsha Area. Since then, the development of the area has been put on a fast track. Six new industrial projects worth 8 billion yuan were introduced throughout the year. It is anticipated that these projects will yield 300 million yuan in annual tax revenue and achieve a foreign trade value of 3 billion yuan.

Source: en.changsha.gov.cn