(Yicai Global) Sept. 5 -- Shanghai and Dalian held talks in Liaoning province's city of Dalian, and about 150 representatives from the Shanghai Municipal Government and companies signed an agreement with Dalian on 57 cooperative projects worth USD26 billion (CNY170 billion).  

Most of the projects are in modern service and strategic emerging industries such as finance and insurance, port tourism, airport and subway construction, modern semiconductor production, software and energy.

Dalian Port (PDA) Co. has set up a strategic cooperation with Shanghai International Port (Group) Co. [SHA:600018], Shanghai Lingang Economic Development (Group) Co. and other companies to explore management models and development ideas.

Yuexing Group said it plans to invest USD919.4 million. Both Dalian and Shanghai are eastern coastal cities, and they are similar geographically, said Ding Zuohong, chairman of Yuexing's board of directors. The two cities' industries complement one another, which will enhance their extensive cooperation, he said.

Liaoning will work with Shanghai to restructure state-owned enterprises, foster talent exchanges and build a pilot free-trade zone, a shipping center and a coastal economic belt, said Chen Qiufa, Liaoning's governor.