Wangcheng District of Changsha held an investment promotion and project signing conference on January 31, with an aim to secure a good start for the economic development and attract more Hunan-based entrepreneurs to return to their hometowns and start businesses. Twenty-five major projects were signed on site, with a total investment of over 30 billion yuan. This will inject strong impetus into Changsha's high-quality economic development.

Among the projects signed, 2 are invested by Fortune Global 500 companies, 2 by Top 500 Chinese companies, 2 by "little giants", or leading small and medium enterprises that specialize in niche sectors, 7 by industry-leading enterprises, and 10 by returned Hunan entrepreneurs. The projects are related to such fields as intelligent terminal, advanced manufacturing of new materials, food and medicine, intelligent logistics, clean energy, headquarters economy, cultural tourism and leisure, high-end hotels, and education and healthcare.

Since 2022, Wangcheng District has prioritized investment promotion, made targeted efforts to attract the three categories of "Top 500" enterprises, listed companies, industry-leading enterprises, leading enterprises, and headquarters economy, and vigorously promoted the advanced manufacturing and modern service industries to attract investment. In 2022, 132 new projects were introduced in the district, with an agreed-upon capital of 58.34 billion yuan. Among them, there are 9 invested by the three categories of "Top 500" enterprises, 11 each with an investment of more than 1 billion yuan and 3 each with an investment of more than 5 billion yuan.

In 2022, Wangcheng District has launched a package of policies, such as the "Six New Measures" aimed to help enterprises tide over difficulties and increase efficiency and the "Ten Measures of Wangcheng" on boosting the development of commercial real estate economy. The district has also solidly carried out the action of "publicizing policies, solving problems and optimizing services". Tax and fee reductions totaled 2.98 billion yuan. Preferential policies for enterprises were implemented, saving 600 million yuan for enterprises. As a result, the district's role as a strong magnet for investment has become increasingly prominent.

Source: en.changsha.gov.cn