Officials from provincial and city governments in Guangdong have signed agreements with overseas investors for 22 projects worth a total of US$1.67 billion at an economic forum held at the Second World Guangdong Community Federation meeting.
Jiangmen county managed to walk away with the biggest investment - US$1.3 billion for a pulp and paper project by Singapore's Jin Ying International Group.
The additional investment took the Singapore group's stake in the project up to US$1.92 billion.
Apart from pulp and paper, the other projects were in several sectors including electronics, textiles, packaging, machinery, chemicals and real estate development, the Department of Foreign Trade and Economic Co-operation of Guangdong's deputy director general Zhao Yufang said at the signing ceremony.
Investment from overseas Chinese - from Hong Kong, Macau and Taiwan - accounted for about 80 per cent of the foreign direct investment in Guangdong, which exceeded US$25.1 billion to date, vice-governor Yang Binquan said.
The meeting was first held by the loose federation of Guangdong clan associations in Singapore two years ago to provide a platform through which overseas Guangdong people could network.