Hangzhou launches the campaign for attracting global investment on Jan 16. [Photo/Zhejiang Daily]

Hangzhou, capital of East China's Zhejiang province, launched a campaign to attract global investment on Jan 16.

During the launch ceremony, local authorities for investment promotion released its plans for 2023.

According to the plans, the actual utilization of foreign investment in Hangzhou is expected to be in excess of $2 billion. Some 80 billion yuan ($11.85 billion) worth of investment deals are also expected to be signed in the first quarter of this year.

The Hangzhou investment promotion bureau also signed cooperation agreements with Debenham Thouard Zadelhoff and CB Richard Ellis to attract investment during the ceremony.

Five executives at AHK, the American Chamber of Commerce in Shanghai and PWC were then appointed as Hangzhou's counselors for global investment attraction.

On Jan 9, the Hangzhou investment promotion bureau sent a delegation to Hong Kong to discuss potential partnerships with the Hong Kong Trade Development Council.

More such visits will be made to the European countries, Singapore and Macao, according to officials with the Hangzhou investment promotion bureau.