A Heilongjiang pension service business investment promotion will be held at Harbin Huaqi Hotel on Oct 27, according to a press conference of the Heilongjiang provincial government on Oct 20.

Idle assets and public reception resources have been sorted out across the province ahead of the business investment promotion, said Yang Xijun, head of the provincial civil affairs department.

At the moment, the province has sorted out a total of 275 idle assets, including closed factories, withdrawn dorms and obsolete hospital assets for pension service projects.

Particularly, there are 30 provincial government assets that can be used for pension service and tourism development, with 138,000 square meters in overall floorage.

A total of 245 pension service projects will be up for business investment, with 63.97 billion yuan ($10.45 billion) in gross investment. They cover institutions for elderly care, real estate for the elderly, and projects integrating medical and pension resources. The government has compiled these projects into brochures and made them public to attract investment.

During the event, relevant government departments will introduce Heilongjiang's pension service development plans and favorable policies, as well as comparative advantages and development potential in tourism and pension industries.

Match-making activities for more than 200 business-inviting representatives from governments across the province, such as the agricultural reclamation and logging industry departments, and related enterprises and institutes have been scheduled to attend the event.