Changsha signed 9 projects with a total investment of 14.9 billion yuan at the signing ceremony for the first batch of provincial-level major investment promotion projects in 2022 which was held on May 11.

Among them, there are two projects with an investment of 5 billion yuan each, that is, the central sci-tech innovation center project for smart medicine and the central ecological education smart city project.

The former project is introduced by Yuhua Economic Development Zone and invested by Cofoe Medical Technological Co., Ltd. The project covers a land area of 400,000 square meters. 

On one hand, Cofoe Medical will establish cooperation with colleges, hospitals and research institutions based on the existing industrial foundation to cultivate, incubate and transform some high-end medical equipment projects. 

On the other hand, based on its supply chain resources, Cofoe will introduce a series of high-tech enterprises with a certain scale to settle in the park.

It’s worth noting that Sam’s Club Hunan headquarters project and Danone innovative nutritional food project are both from Fortune 500 enterprises.

Sam’s Club Hunan headquarters project will settle in Yuelu District and register as an independent legal subsidiary. Sam’s Club is a high-end membership store under Walmart, the world’s top 500 enterprise. It settled in Changsha in September 2017. Its annual sales exceeded 1 billion yuan—triple that of four years ago.

The second store of Sam’s Club in Changsha is expected to open by the end of this year. It covers an area of more than 20,000 square meters, and then Changsha will become one of the few cities with two Sam’s Clubs.

Danone innovative nutritional food project is located in Wangcheng Economic Development Zone and built by French Danone Group, one of the world’s top 500 enterprises.

With a total investment of 500 million yuan, it will acquire Eurbest Nutritional Food Co., Ltd. to make better use of its production advantages. With the help of Danone’s century-long scientific research in the field of professional special nutrition, it will provide more and healthier innovative nutritional food for Chinese consumers. Once completed, it is expected to realize the annual output value of 1 billion yuan.

Since this year, Changsha has made investment attraction the top priority.

In the first quarter this year, a total of 19 projects from “three categories of top 500 enterprises” were registered, with a total investment of 28.494 billion yuan, including 12 from Fortune 500 enterprises and 7 from China’s top 500 enterprises. 38 major projects with a total investment of 48.47 billion yuan were newly introduced, including 28 manufacturing projects, accounting for 73.7%.

In the first three months this year, the actual use of foreign capital was 1.666 billion dollars, ranking first among provincial capitals in Central China.

This year, Changsha will continue efforts to attract major projects and enterprises. Next, it will take advantage of Hunan Business Conference, Yuelu Summit and other activities to facilitate the signing of some projects, accelerate the introduction of investment attraction policies and keep track of the projects under negotiation to ensure the potential projects can be signed, built and put into operation as early as possible.