The Zhongshan government on August 23 signed strategic cooperation framework agreements with US company Virgo Capital, Hong Kong Dragon Group, and China Cultural Tourism Investment Holding Group.

The newly signed projects will be located in Cuiheng New District and downtown Zhongshan, with an overall investment of exceeding 21 billion yuan.

Virgo Capital plans to invest at least 8 billion yuan to construct a culture and tourism complex in Cuiheng New District, with a double-ring skywheel, hotels, restaurants and shopping malls and providing one-stop wedding services.

Hong Kong Dragon Group plans to invest at least 8 billion yuan to build an industrial complex in southern Cuiheng New District. It will be home to corporate headquarters, shopping centers, ocean-themed hotels and the "Zero-carbon Kingdom".

China Cultural Tourism Investment Holding Group plans to invest over 5 billion yuan in building a national-level tourist resort, also an international tourism resort, in the Jinzhong Lake area in East District. It will include an ice-and-snow amusement park, urban parks, commercial blocks, high-end hotels and special homestays.