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CHENGDU, Dec. 15 (NBD) -- Eastern China's Zhejiang province has on Tuesday established a platform to promote investment and merger and acquisition on overseas high-tech projects.

The platform, set up by Zhejiang Equity Exchange, aims to provide investment banks, venture institutions and listed enterprises with a new global investment and merger and acquisition property.

Bao Chuntian, deputy director of Zhejiang Financial Affairs Office, said that the industry can benefit from the introduction of innovation technology by shortening development cycle and saving costs.

According to Goldman Sachs, The volume of global merger and acquisition made by Chinese enterprises will reach 26% of the toal in 2016.

Editor: Zeng Yunheng