More than 53 of the world's top 500 firms have invested in the Hangzhou Economic and Technological Development Area (HEDA), with an investment worth $3 billion.

 Qu Wei, director of the HEDA's investment promotion bureau, said on Friday domestic investment in the area had totaled 315 million yuan ($46 million) since its establishment in 1993. The HEDA has become an investment magnet for both domestic and overseas investors with its favorable policies and advanced infrastructure facilities.

Source: China Daily