A development event for the Fujian Pilot Free Trade Zone (FTZ) will be held during the ongoing China Cross-Straits Technology and Project Fair, qq.com reported.

The event is tasked with multiple missions, including attracting overseas investment, developing cross-border e-commerce and business incubators, helping enterprises go public, promoting domestic products and discussing investment and incubators, authorities said at a press conference on Wednesday.

Yang Zhihua, head of the Fujian FTZ Office, introduced the development of the Fujian FTZ to representatives of commerce associations, enterprises, and investment agencies from Taiwan, Hong Kong, Macao and the Belt and Road areas.

A local investment company announced that it will strive to bring 100 entrepreneurs and investors to the Fujian FTZ to form a new industrial cluster.

The number of enterprises in the Fujian FTZ reached 9,296 over the first five months this year, averaging about 61 new companies every day, according to the Fujian FTZ office.

The companies, with accrued registered capital of 126 billion yuan, operate businesses from e-commerce to finance leasing, factoring, outsourcing, and high technology.

Held annually in Fuzhou from June 18 to 20, the China (Fujian) Technology and Projects Fair serves as a platform for technical innovation and a major exhibition of project, technology, capital and human resources.

The Fair aims to promote the commercialization of research findings and improve economic quality.