The Pingtan Comprehensive Pilot Zone (PCPZ) is expected to reach five big deals with an accrued investment of up to 10 billion yuan ($163 million) at an ongoing trade fair in Xiamen, according to the government’s website on Sept 9.

The 18th China International Fair for Investment Trade, which is the largest scale of its kind in China, kicked off on Sept 8, attracting government dignitaries, entrepreneurs and global organizations from more than 100 countries and regions.

Under the agreements, the Linca Group will invest 4.5 billion yuan building a logistics park and a biotech park in Pingtan; the Fujian Wugang Group plans to spend 3 billion yuan on the manufacture of stainless products; the Fuhua Group will take on a large tourism complex using foreign capital of $165 million; the Hong Kong Fuchuang International Investment Corp will erect a $250-million landmark oceanfront hotel; and A&T International Corp is putting in $20 million for a smart city project in Pingtan.

The Pingtan delegation, headed by Lin Jianglin, deputy director of PCPZ's administrative committee, visited most of the 18th CIFIT on the first day, promoting Pingtan’s new communication technologies, service trades and many competitive industries such as energy saving, marine economy and new energy.

The delegates also took a variety of platforms to meet with a number of enterprise representatives and important guests at the fair, said the website.