Huishan signs the first foreign-funded project of the Dragon Year with total investment of 200 million US dollars

On Feb 17, after the district's foreign investment and trade promotion meeting, the first foreign-funded project of the Dragon Year in Huishan-the Hong Kong high-end textile headquarter project with a total investment of 200 million US dollars officially signed and settled in Huishan Economic Development Zone.

Hong Kong Wu Xing Hada Co., Ltd., one of the signing parties, was established in 2005. It has been deeply involved in the high-end fashion industry and has production bases in provinces and cities such as Chongqing, Sichuan, Yunnan, Zhejiang, as well as in countries and regions like Ethiopia, Kenya, and Cambodia, with 7,500 employees and annual output value of 500 million US dollars. The high-end textile headquarter project signed this time covers an area of about 60 acres, with a total planned investment of 200 million US dollars, registered capital of 50 million US dollars, planning to build a design exhibition center of 10,000 square meters, a settlement center of 5,000 square meters, and a trading headquarter of 10,000 square meters. It will also include support for a supply chain center of 10,000 square meters, a 5G smart factory of 45,000 square meters, and an intelligent warehousing (cloud warehouse) center of 20,000 square meters. After the project is completed, it is expected to achieve import and export volume of over 1.5 billion US dollars in 5 years.