An investment promotion conference was held by Kunming Area of China (Yunnan) Pilot Free Trade Zone (Kunming Area of YNFTZ) on August 18, attracting 57 industrial projects with a total investment of 26.9 billion yuan. A series of policies to promote investment and high-quality industrial development were issued in the conference as well. 

Zhao Xuefeng, secretary of Party Work Committee of Kunming Area of YNFTZ, gave a speech. (photographed by Feng Jingkai) 

The signing ceremony (photographed by Feng Jingkai)

The signing ceremony (photographed by Feng Jingkai)

The 57 industrial projects signed by Management Committee of Kunming Area of YNFTZ and enterprises include 10 equipment manufacturing projects, 7 headquarters economy projects, 2 digital economy projects, 5 import and export trade projects, 8 biomedical projects, 2 financial and business services projects, 6 Alibaba eco-enterprise projects, 9 Huawei eco-cooperative enterprise projects, 6 urban comprehensive development projects and 2 education projects. 

Li Heliu, director of the Management Committee of Kunming Area of YNFTZ, made the investment promotion. (photographed by Feng Jingkai)

After the signing ceremony, a series of policies called “1+3+N” on promoting investment and high-quality industrial development were officially issued. “1” refers to a number of policies to strengthen investment attraction and promote high-quality industrial development. As a general policy and a guiding document, it clarifies the overall objective, policy framework and application scope of this policy. “3”refers to separate policies for elements of talents, technology and intellectual property, which provide strong support for investment attraction and industrial development. “N” refers to the support policy for key industries. Based on the development guidance of industries in free trade zone and the general industrial policy, seven special policies for key industries, including equipment manufacturing, digital economy, biomedicine, aviation logistics, modern logistics, cross-border e-commerce, financial services and cultural creativity have been formulated by category. 

YNFTZ Investment and Development (Group) Co. LTD and YNFTZ Investment Promotion Service Co. LTD were established. (photographed by Feng Jingkai)

16 investment promotion platforms were licensed. (photographed by Feng Jingkai)

Representatives of Alibaba Group, Huawei Technologies Co Ltd and New Hope Group in the conference expressed that Kunming Area of YNFTZ has geographical advantages so that they have valuable opportunities to develop and cooperate there. They would make full use of their technological and industrial advantages to get mutual benefit and win-win results with Kunming Area. 

Huang Lei, vice president of Alibaba Group, general manager of Taobao Education, spoke as a corporate representative. (photographed by Feng Jingkai)

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(Editors: Alison, Rachel)