Zhengzhou City, capital of central China's Henan Province, signed here Saturday 11 economic and trade cooperation contracts with Hong Kong companies for introducing about 300 billion US dollars of investment.

So far, the city has signed 23 cooperation contracts with HK companies which are to introduce nearly 519 million US dollars investment from Hong Kong. The cooperation contracts cover infrastructure, high and new technology, property, food processing and projects of other fields.

Huang Xinlei, vice mayor of Zhengzhou City said at the contract signing ceremony Saturday that apart from the contracted projects, the city has signed 20 other letters of intent with Hong Kong businessmen for a wide range of cooperation projects.

He believed that Zhengzhou has great prospect for cooperation with Hong Kong ventures.

Located at the central part of China, Zhengzhou is an important national hub for railway and highway communications which has three state-level economic and high-tech development zones. The city is one of Chinese mainland's eight ancient capitals and has rich tourism resources as Shaolin Temple. Huang said.

Huang also said the country's first grain futures market was established in the city and the city welcomes financial talents towork there and help build a regional financial center.

Source: Xinhua