Binhu district in the city of Wuxi, Jiangsu province, signed investment agreements with four venture capital companies during the past half month, according to a report at the review meeting on the attraction of venture capital (VC) investment on Sept 11.

The district has also negotiated with companies such as Huatai Securities, Beingmate Baby and Child Food Co, and Shanshan Group on VC projects.

According to the director of the district's development and reform commission, the district has attracted a large number of premium financial institutions and professionals thanks to its favorable policies and cluster effect.

The district will strive to construct a center for projects and capital gathering, financing and security trading and provide rent subsidies and policies on tax deduction and exemption for enterprises.