A symposium on investment between Xi'an – capital of Northwest China's Shaanxi province – and institutions based in Shanghai, East China was held on Jan 4 in the latter city.

The event was hosted by the Xi'an municipal bureau of investment cooperation and the Shanghai office of the Xi'an municipal people's government.

Proceedings get underway at the symposium in Shanghai on Jan 4. [Photo provided to en.xa.gov.cn]

The symposium aimed to attract more top businesses and projects to settle in Xi'an, injecting vitality for the high-quality development of its economy.

During the symposium, representatives from Xi'an gave briefings on its economic and social development last year and the direction of its investment promotion in 2023.

From January to November last year, Xi'an's actual introduction of domestic capital and utilization of foreign capital increased by 28.2 percent and 17.7 percent, respectively.

The city signed 501 industrial project contracts with a total investment of 586.33 billion yuan ($85.18 billion) during the period.

In a discussion session, representatives from more than 20 Shanghai-based institutions and entrepreneurs expressed their views on the high-quality development of Xi'an's investments.

They said they will play a positive role in government-enterprise communications, promote investment attraction and build industrial development platforms, so as to promote the common growth of enterprises and Xi'an.

In 2023, Xi'an will focus on 19 key industrial chains to attract more top businesses and projects to settle in the city.