Chengdu is poised to become a driver of western China's development as more and more domestic and foreign companies move faster to make investments there, Ge Honglin, mayor of the city, said on Sunday.

Ge's remarks came during the Chengdu Investment Presentation and Project Signing Ceremony, which was held in Beijing by the Chengdu city government on Sunday. Many State-owned enterprises and private companies used the event as an opportunity to announce their investment plans for the city.

Chengdu, capital of Sichuan province, is an economic center in China's western region and has the most financial institutions and complete services for economic development in the region.