ULAN BATOR, March 27 (Xinhua) -- A symposium about investment of enterprises based in China's Heilongjiang Province in Mongolia was held here Tuesday to discuss bilateral commercial prospects.

At the opening of the symposium, Cheng Zhiming, vice-governor of China's Heilongjiang Province noted that bilateral trade volume between China's Heilongjiang Province and Mongolia reached 148 million U.S. dollars in 2018, with an average annual growth of 40 percent over the past three years.

With China's Belt and Road Initiative and Mongolia's Development Road Initiative being efficiently linked, the commercial ties and personnel exchanges between China's Heilongjiang Province and Mongolia will become increasingly close, Cheng said, adding that the cooperation opportunities will increase and the cooperation prospects will be broadened.

For his part, Economic and Commercial Counsellor of the Chinese Embassy to Mongolia Song Xuejun said that enterprises from Heilongjiang Province have a good reputation in Mongolia, hoping they will continue to make great contributions to the friendly relations between China and Mongolia.

The symposium was hosted by China's Heilongjiang Chamber of Commerce in Mongolia. Representatives from more than a dozen of Chinese companies attended the meeting.