Beijing recently unveiled 95 key projects with a fundraising goal of 106 billion yuan (US$16.19 billion). The city is aiming for 40% of the funds (42.2 billion yuan) to come from private capital.

The projects cover nine categories - technological innovation, new infrastructure, intelligent manufacturing, financial industry, cultural tourism, business service sector, infrastructure, health and elderly care, and housing security.

Among the projects, 85 plan to attract private capital by means of equity investment, such as public private partnership and cooperative development.

The projects on tech innovations amount to the highest fundraising target among the nine categories, with the 16 projects aiming to attract 26.7 billion yuan. The next highest are in the business service sector, which together plan to raise 22.1 billion yuan.

The projects also include 24 in cultural tourism (8.6 billion yuan), four in new infrastructure (6.8 billion yuan), 14 in intelligent manufacturing (6 billion yuan), five in finance (12 billion yuan), 11 in infrastructure (6.4 billion yuan), five in health and elderly care (400 million yuan), and six in housing security (17 billion yuan).

According to officials from the Beijing Municipal Commission of Development and Reform, the Chinese capital saw a 9.9% year-on-year increase in private investment for city projects in the first 11 months, 9.7 percentage points higher than the national average.

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