Multinational corporations and foreign chambers of commerce attended the Intercommunication Conference of Shandong, held on May 28 in Hong Kong's Shangri-La Hotel.

The event focused on urbanization, investment environment, and the investments of multinational corporations in high-end services in Shandong.

Shandong is accelerating the implementation of two regional development zones - Shandong Peninsula Blue Economic Zone and Yellow River Delta.

The development of the two economic zones will speed up urban development, high-end manufacturing, and the production of high-end services.

About 60% of overseas investment in Shandong comes' from the world's Top 500 enterprises, most of which are based in Hong Kong, South Korea, Japan, the United States and Europe.

A total of 185 of the world's top 500 enterprises have currently invested in 550 projects in Shandong; and the investments from Hong Kong-based companies keep increasing.

China Resources Co., Ltd. has invested nearly 500 billion yuan in more than 40 projects such as real estate development and textile, according to Chairman Song Lin.

Song added that during the "12th Five-Year Plan" period, China Resources will invest 100 billion yuan in Shandong.