255 Fortune Global 500 Companies Drawn to Chengdu

Authors: Go Chengdu

2014-07-25

To date, the city has attracted 255 Fortune Global 500 Companies, according to a special press conference held by the Information Office of Chengdu Municipal People’s Government on July 23.
Chengdu witnessed the business presence of the South Korea-headquartered Pohang Iron and Steel Co., Ltd. (POSCO), China International Trust & Investment Corporation Group and the US-based Rockwell Collins in the city in this year’s first half. To date, the city has attracted 255 Fortune Global 500 Companies, according to a special press conference held by the Information Office of Chengdu Municipal People’s Government on July 23.
Chen Fu, deputy director and spokesman of the Chengdu Investment Promotion Commission announced that the number of the Fortune Global 500 Companies in Chengdu is expected to reach 260 by the end of this year.
According to the data released at the conference, from January to June Chengdu’s newly introduced major projects(including those with expanded capital)hit 219 which are valued at RMB139.61billion (approx. US$22.35billion) ,realizing 54.75% of the full-year target. Among the projects, 22 invested by Fortune Global 500 companies are worth RMB19.027billion (approx. US$3.05billion) in total, and 82 each with an investment of over RMB500 million (approx.. US$83.3 million) RMB111.538billion (approx. US$17.86billion) totally.

Fortune smiles on city that pledges it ‘can do’ even better

The city’s slogan is “Chengdu, can do,” and now the capital of Sichuan Province is exploring ways of doing it even better. In the year since Chengdu hosted the Fortune Global Forum and later the World Chinese Entrepreneurs Convention, its development has shown no signs of letting up. “Chengdu is going full steam ahead with plans to attract world-class investment and high-end projects after the two great events introduced the city to a wider world, and Chengdu has leapfrogged into prominence as an investment magnet.”

Jul 01, 2014

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