Laoshan district in Qingdao, Shandong province, has attracted 80 projects covering fields of finance, healthcare, tourism, bio-tech and logistics with deals signed on March 15, Qingdao Daily reported.

With a total investment of 130 billion yuan ($20 billion), the deals included a group of projects cooperating with domestic and foreign industrial giants such as Qingdao-based Haier Group and China's largest private film company, Huayi Brothers Media Group.

Healthcare

Severance Hospital: Hiking Group and Severance Hospital of the Yonsei University, South Korea, will jointly invest eight billion yuan in the project, building a world-class general hospital as well as an international and modern ecological healthcare center.

Science & Technology

Haier Cloud Park: By transforming and upgrading Haier's old industrial park, this project aims at constructing an e-commerce financial center integrating financial services, Internet, enterprise presentation, service innovation, and commercial recreation with an investment of 15 billion yuan.

Cultural tourism

Huayi Brothers Media Group plans to invest three billion yuan to build a 30-hectare movie town in Laoshan district. To promote Laoshan's tourism, the project will build a virtual reality cinema and an outdoor sports park, integrating cultural shows with Laoshan’s natural landscape.

Financial service

Financial initiatives such as the Chenming project, with an investment of five billion yuan are set to boost the new types of financial services in the Jinjialing Financial Zone.