Four companies in Beijing received cash incentives from the Chaoyang District Investment Promotion Bureau for their efforts in attracting investors, underscoring the government's commitments to promote long-term, sustainable investment in the city's Chaoyang district.

Cash prize totaling 2.72 million yuan has been awarded to Beijing Shibo Renda Culture Development Co Ltd, Beijing Huaqing Jiacheng Consulting Co Ltd, Beijing Wangjing Real Estate Brokerage Co Ltd and Beijing Cuihuasheng Science and Technology Co Ltd.

With the help of Beijing Shibo Renda, top electronics company Samsung and leading steel maker Pohang Iron and Steel Co finally decided to locate its Chinese headquarters in the district.

Piao Zhe, the founder of Beijing Shibo Renda, also contributed to the introduction of investment from more than 80 foreign companies and projects in Beijing, with investment value exceeding 15 billion yuan.

Mr.Piao also severed as special investment promotion consultant for Beijing's districts including Shunyi, Tongzhou, Pinggu and Chaoyang, advising local investment and sharing his experience in attracting investment. He said he hopes to attract more investment for Beijing.

With contributions from Beijing Huaqing Jiacheng, Beijing Wangjing Real Estate and Beijing Cuihuasheng Science and Technology, energy giants including CNOOC Trade Co, China Energy Engineering Group and Sinopec Fuel Oil Sales Co Ltd also agreed to invest in Chaoyang.

So far, more than 50 intermediaries have signed agreement with Chaoyang District Investment Promotion Bureau to help it attract investment, they are playing an important role in improving the district's industrial layout, transforming the development pattern and promoting the fast and healthy development of regional economy.