The Zhongshan municipal government concluded a strategic cooperation framework agreement with ZDVC Group on February 23. Under this agreement, a number of industrial projects in such fields as new materials, new energy and health and medicine will settle in Zhongshan, with an estimated total investment of more than 18 billion yuan.

This is the second 10-billion-yuan-level manufacturing projects signed by Zhongshan after it struck a deal with Mingyang Group on a high-end new energy equipment manufacturing project with an investment of 15 billion yuan earlier this year. The projects have the largest investment ever among Zhongshan's investment promotion projects.

ZDVC Group is an industrial development group built on the foundation of Zhongda Venture Capital Co Ltd. Based in the Guangdong-Hong Kong-Macao Greater Bay Area, it mainly invests in three strategic emerging industries including biomedicine, new materials, and future equipment.