A total of 56 major projects were signed at this year's Financial Summit of China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity held Monday in southwest China's Chongqing Municipality, with an aggregate amount of 194.5 billion yuan (about 27.7 billion U.S. dollars).

The projects contracted involved many areas including green bonds, debt financing, cross-border logistics, education and tourism, in a bid to enhance financial cooperation under the initiative.

The summit was co-hosted by the Ministry of Commerce, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and the municipal government of Chongqing, as well as the Ministry of Trade and Industry and the Monetary Authority of Singapore.