Daoli district in Harbin and Futian district in Shenzhen teamed up to strengthen future cooperation on culture, economy and trade, education and urban construction on Nov 29.

A signing ceremony was held in Shenzhen, South China’s Guangdong province on Nov 29 for this win-win agreement and also 20 investment projects, totaling 29.4 billion yuan (4.6 billion US dollars).

The investment projects range from technology innovation and finance to tourism and commercial complexes. Additionally, Daoli district essentially will get a makeover as investors settle funds there to upgrade the region and boost an industrial transformation.

According to Xiao Yafei, Party secretary of Futian district, Shenzhen’s investment businesses chose Daoli district as the funds recipient due to their solid foundation of modern service industry and mature industry cluster of finance and culture creation.

To attract more investments, the government of Daoli district continues to make efforts. It established seven investment promotion bureaus and signed cooperation agreements with the chambers of commerce in Shenzhen to help seek opportunities in the city.

It also established an enterprise service bureau to serve businesses with intentions to invest and settle in Daoli district.