The “New Guangzhou, New Business” 2014 Promotion Seminar for Major Investment Projects was held March 28 at the Baiyun International Convention Center, where 136 projects were contracted and deals worth a total of RMB 253 billion were struck.

Forty percent of the value of these investment projects covers establishment of business headquarters, technology deals and financial cooperation, while new industries, advanced manufacturing and the modern service industry cover the rest.

The city's financial sector received RMB 443 billion of investment in 18 projects, which involved major state-owned enterprises, private enterprises, foreign enterprises, universities and research institutes.

The organizers had recommended 68 high quality projects, worth RMB 280 billion, for investment in the seminar. They include such sectors as transportation infrastructure, healthcare, energy and technology innovation.