The government-business roundtable. [Photo/Tide News]

Foreign companies outlined new investment plans in Hangzhou at a government-business roundtable on June 30, highlighting continued confidence in the city's business environment.

The meeting brought together representatives from more than 70 foreign-invested companies, including Ferrero and Hang Lung Group, alongside officials from 10 municipal departments.

Companies raised issues ranging from recruiting international talent to strengthening links with Hangzhou's innovation ecosystem. Several participants expressed interest in connecting with local artificial intelligence startups to explore new technologies and cross-industry collaboration. Government departments responded to questions on-site and pledged follow-up support.

Officials said Hangzhou will continue improving services for foreign investors through more targeted policy support, faster responses to business needs, and full-cycle assistance for investment projects. More industry-focused roundtables are also planned to strengthen communication with foreign companies.

Several firms announced new investment plans at the meeting, including 20 million yuan ($2.94 million) in new equipment for semiconductor and new energy vehicle-related products and 50 million yuan over the next three years to upgrade existing manufacturing facilities in Hangzhou.

The Westlake 66 run by Hang Lung Group opens this spring. [Photo/WeChat account: hzfbwx]