Qingdao's Shinan district saw significant growth in its business environment and investment projects in the first three quarters of this year.

Statistics show that there have been 79 newly registered projects worth over 100 million yuan ($13.99 million), and the district has attracted seven major projects worth over 2 billion yuan, a 1.75 times increase compared to last year.

Additionally, seven provincial high-growth enterprises have been recognized, bringing the total to 15. This comprehensive improvement of the business environment has injected greater vitality into the market entities rooted in Shinan district.

To meet the needs of enterprises, the district has taken measures in areas such as policy, service, resources, market, rule of law and culture. These initiatives aim to provide dedicated services and create a first-class business environment.

"We will optimize the approval process, improve efficiency, and strive to create a first-class business environment that requires less approval processes and offers better services," said Wang Jing, director of the administrative approval bureau of Shinan district.

The district presently has 181 reserved projects, with 79 projects worth over 100 million yuan already implemented and seven projects worth over 2 billion yuan.

Shinan district has been proactive in promoting investment, organizing nearly 100 investment promotion delegations and visiting 520 companies in the first three quarters. The district now boasts 210 key investment promotion projects, representing a year-on-year increase of 75 percent.