A number of 11 projects have enlisted on the Changsha Huanghua Comprehensive Bonded Zone, after a signing ceremony held in Changsha, capital of Hunan province at an investment promotion event on Sept 6.

The projects, covering a wide range of fields, include cross-border e-commerce platform, artificial intelligence, and integrated circuit chip processing.

Signatories to projects sign contracts to enter Changsha Huanghua Comprehensive Bonded Zone on Sept 6. [Photo.csxrmt.com]

Approved by the State Council, China's cabinet, on May 31, 2016, Changsha Huanghua Comprehensive Bonded Zone became operational in late June, this year.

As one of the biggest investors, Shanghai-based DeepBlueeCom Cross Border Trade Co inked an agreement with Hunan Provincial Department of Commerce on cross-border trade projects in the city.

Xu Xiangping, director of Hunan Provincial Department of Commerce, was confident that the agreements "will bolster Huanghua Comprehensive Bonded Zone to develop at a new level".

"The commerce department will offer quality services and preferential policies to promote more products from Hunan at a global level and in the process expose Hunan-based enterprises to international competition," Xu said.

Head Office of the Changsha Huanghua Comprehensive Bonded Zone which became operational in late June, this year. [Photo/news.changsha.cn]

It is expected that those projects will bring in an annual windfall of $1 billion in foreign trade.

"With the progressive development of Changsha Airport Economic Demonstration Zone, the city has been displaying huge potential to develop as a national top-notch special customs supervision area," Zeng Chaoqun, secretary of Party Working Committee of Changsha Economic and Development Zone told participants at the event.

At present, more than 120 projects have enlisted on the bonded area, 80 of which have registered businesses.

Zeng Chaoqun, secretary of Party Working Committee of Changsha Economic and Development Zone, briefs the investors on the general business environment at the promotion event held in Changsha, on Sept 6. [Photo by Ju Wenxia/chinanews.com]