The 16th China International Fair for Investment and Trade in Xiamen, Fujian province, had a successful opening day on Saturday, with 40 major agreements signed.

The projects were joint initiatives between a team of government and business representatives from Fujian. Of the projects, 39 received overseas investment and one is an agreement on cooperation.

The total investment to be poured into the 39 projects will be about $9.78 billion, of which at least $3.65 billion will be from overseas investors.