Hong Kong Zhiyi Co. Ltd entered a contract with Xi'an ETDZ , planning to invest 51.43 million dollars to build a petroleum equipment manufacturing project . 

Located in Jingwei Industrial Park of Xi'an ETDZ , with a registered capital of 20.71 million dollars ,the project  was expected to produce 20 land-sea rigs of 5000 -9000 meters after completion thus playing a leading role in the petroleum equipment manufacturing industry .  Hong Kong Zhiyi Investment Co. Ltd is a Hong Kong based company engaging in investment and management, the parent company of which is Blue Ridge China .  Co-funded by John Griffin ,  founder of Blue Ridge Capital , a world famous investment fund and Tang Yue , an outstanding Chinese internet entrepreneur in 2006, Blue Ridge China is an equity investment fund focusing on investment to Chinese enterprises , the first phase of which reached 300 million dollars,  mainly investing in  retail, real estate , energy , agriculture, science and technology and education .  It raised 1.45 billion dollars in its second phase last January , enlarging the total scale to nearly 1.8 billion , which would be invested to support the growth of outstanding Chinese enterprises .  The reason for Blue Ridge's investment in Xi'an was that the energy and chemical engineering industries in northwest China have very promising prospects and  that the industrial environment in Jingwei Industrial Park  would be very favorable after the completion of the advanced manufacturing base which involves a total investment of over 100 billion Yuan.   

Xi'an ETDZ also signed contracts on other five projects yesterday, including Shenzhen Gongda integrated circuit testing project , the aviation parts manufacturing project with China First Aviation  and the renovation project of Zhongguancun invested by Hong Kong Yaoli and Shenzhen Yuehua Investment , the total investment of the five projects reached 4.19 billion Yuan.