A total of nine deals valued at 1.5 billion yuan ($236.4 million) were signed in Shenfu New Zone, Liaoning province’s capital city on March 1.

The deals involved sectors such as finance, healthcare, big data, high-end equipment manufacturing and e-commerce, which is in line with the zone’s development plans for the next few years.

“Our group will relocate its headquarters to Shenfu New Zone this year,” said Guan Encheng, vice-chairman of Liaoning Junangda Group Co at the signing ceremony.

Guan claimed that the zone has huge investment advantages due to its preferential policies, sound business environment and good market prospects.

Shenfu New Zone has also set a target to provide better services for businesses this year, in a bid to cultivate local pillar industries.