Zhejiang authorities recently hosted a symposium in the provincial capital of Hangzhou to attract more investment from Taiwan enterprises.

Among the 50-plus attendees were provincial government officials and Taiwan entrepreneurs.

As of the end of 2021, Zhejiang was home to over 10,000 Taiwan enterprises and had received $50 billion in Taiwan investments.

Taiwan investors were involved in 17 major investment projects in the province in 2021. The total annual investment of these projects amounted to $5 billion.

At the symposium, four executives of Taiwan-invested companies in Zhejiang gave keynote speeches about their future development plans in the province. The companies were Minth Holding Group, Want Want Group, Samson Holding Group, and Hangzhou Good Friend Precision Machinery Co.

"On the Chinese mainland, Zhejiang is one of the most popular destinations for Taiwan businesses. We will continue to seek a stronger presence in Zhejiang, enhance the industry, create a more appealing environment for talents, and become a role model for Taiwan investors in Zhejiang," said Zhu Yuwei, chairman of Hangzhou Good Friend Precision Machinery Co.

Tsai Wang-chia, chief operation officer of Want Want Group, praised Zhejiang authorities' efforts in boosting confidence among Taiwan investors by rolling out various favorable policies and pushing forward industrial restructuring and upgrades.

Want Want Group, a food and beverage industrial conglomerate, started investing in Zhejiang as early as 1993. Its investments in Zhejiang are currently in excess of $400 million.

Zhejiang authorities host a symposium in the provincial capital of Hangzhou on Jan 6. [Photo/zj.zjol.com.cn]