Over 50 financial institutions and firms gathered in Guangyuan, Southwest China's Sichuan province on May 13 to boost financing for the city's high-quality development and rural revitalization goals.

A total of 127 deals worth about 43.23 billion yuan ($6.47 billion) were signed during the event.

The municipal government inked strategic cooperation contracts with four provincial-level financial institutes. Twelve financial organizations also clinched agreements with local firms in sectors of fund investment, clean energy, rehabilitation and tourism, urban construction and logistics.

Ouyang Zehua, head of Sichuan Local Financial Supervision and Administration, called on the superior financial institutions to align their services and assistance with Guangyuan’s existing competitive enterprises as well as prospective projects.

He also urged the city to continually improve its business environment, attaching importance to the financial sector, exploring cooperation among government, financial institutions and firms to fend off major financial risks.