Investors drawn to Nanyang in H1

Nanyang, Henan province, has attracted record levels of investment in the first half of 2016, as new ways of attracting businesses to the area were adopted by its high-tech industrial development district.

Statistics show that in the first half of 2016, the city has attracted 35 projects, with paid-in capital of 7.56 billion yuan ($1.13 billion), and six newly contracted projects, with paid-in capital of 2.68 billion yuan.

The high-tech industrial development district also signed a cooperation agreement with Walton Design Consulting Engineering, a Beijing-based engineering design company. As a result of the agreement, more business opportunities are available to the city, such as the introduction of projects with the Peking University Affiliated Experimental School and Zhongguancun Science Park.

In addition, the local government highlighted some key projects, and set up groups to take charge, making sure any problems during the process would be solved in a timely fashion. Meanwhile, the Beijing-Tianjin-Hebei region took charge of some projects, including the Nanyang software entrepreneur base.

The government has also set aside 30 million yuan for entrepreneur insurance, as well as 50 million yuan for an innovative development fund for improving entrepreneur services, in order to forge a healthy commercial environment and attract more businesses.