The 2017 China Global Investment Summit opens in Hangzhou, Zhejiang province, on Nov 20, nailing down 14 commercial projects totaling 19.9 billion yuan. [Photo by Yang Lei/Xinhua] 

Zhejiang, China's economic hub, saw 14 commercial projects totaling 19.9 billion yuan ($3.0 billion) being nailed down at the 2017 China Global Investment Summit in Hangzhou, its provincial capital, on Nov 20.

The projects, that also attracted Morgan Stanley, a world renowned financial service firm and investment bank, mainly covers businesses in areas of network security, intelligent manufacturing, biological pharmacy, ink-jet printing, cold-chain and robotic logistics, and general aviation maintenance. 

Zhejiang's Deputy Governor Liang Liming, Hangzhou Mayor Xu Liyi, International Finance Corporation's top official Andi Dervishi, and John Orchard from Euromoney Institutional Investor, one of the world's leading B2B information companies, witnessed the signing of the projects.

As a warm-up session before the Fourth World Zhejiang Entrepreneurs Convention which is to be held on Nov 29-30, the event has smoothly been carried out for three consecutive years, gaining participation of more than 1,900 merchants from home and abroad. 

This year's edition, which features "Sharing Opportunities of Hangzhou and Co-developing World-famous Cities", was a three-day gala bringing together some 1,000 distinguished guests to thematic discussions, keynote lectures, one-on-one investment consultation, and field studies. 

Wang Hongbin, an official at the Euromoney Institutional Investor, was excited in regards to Hangzhou's development. 

"As a Hangzhou native, I'm impressed with the city strengthening its soft power over the past years," Wu said. 

"It not only lies on the innovative and prospering business environment renowned enterprises such as Alibaba and Geely and various small and medium-sized companies have created, but also benefits from the local governments' executive ability and policy guidance," he added.

The 2017 China Global Investment Summit attracts some 1,000 Chinese and overseas guests. [Photo/Xinhua]