PR84684

WUHAN, China, July 7, 2020 /Xinhua=KYODO JBN/--

Wuhan held the first post-epidemic large-scale investment promotion activity in

south China's economic hub Shenzhen on July 1. Market entities of the two

places signed 13 projects involving next-generation automobiles, artificial

intelligence, automobile aftermarket and other fields, with a total investment

of 89 billion yuan. The signing of these projects highlights the unique

investment advantages of Wuhan Development Zone and injects new vitality into

accelerating the region's post-epidemic recovery and creating a new highland

for gathering capital and wisdom, according to the Publicity Department of

Wuhan Development Zone.

The Hilton Hotel in Shenzhen's Shekou District, where the event was held, was

teeming with guests Wednesday. Peng Hao, head of Wuhan Development Zone, made a

detailed introduction on the region's investment advantages, highlighting its

science and technology innovation headquarters base in particular.

Attending enterprises include senior management from Sky-well New Energy

Automobile Group Co. Ltd., Sunac China Holdings Limited, Huawei and other

locally headquartered leading firms in industrial, real estate and other

sectors.

Wuhan Development Zone is a national development zone with strong comprehensive

competitiveness in the country's central and western regions. With an annual

output of more than 1 million cars and 17 million air conditioners, it is the

main venue, engine and pillar for Wuhan's industrial and economic development.

In recent years, Wuhan Development Zone has continuously promoted industrial

transformation and upgrading, developed a diversified industrial support

system, and stepped up investment promotion and capital introduction.

Statistics showed that in the past three years, the region has signed 252 major

projects worth over 100 million yuan, with a signed amount of 682.1 billion

yuan in total. Among them, there are 49 projects invested by the world's

Fortune 500 enterprises and 33 projects invested by centrally administered

state-owned enterprises (SOEs).

As the core area for Wuhan Development Zone's future transformation and

upgrading and high-quality development, the region's science and technology

innovation headquarters base is accelerating planning and construction. Located

near the Yangtze River and South Taizi Lake, the base boasts superior

geographical, transport and infrastructure conditions.

According to relevant plans, the base seeks to focus on headquarters economy,

scientific research and development, and smart manufacturing in terms of

industry introduction. Cooperation opportunities are open to Fortune 500 firms,

large central SOEs, leading private enterprises, industry leaders, large

multinational companies, well-known universities and research institutes. The

development of emerging industries such as next-generation automobiles, smart

homes, smart manufacturing, testing and design will be highlighted. The base

aims to form a modern headquarters economic agglomeration area facing central

China and radiating the whole country, and establish clusters of industrial

research and development institutions and a national industrial incubation

acceleration platform.

In terms of planning and layout, Wuhan Development Zone science and technology

innovation headquarters base will take water as the axis to create an overall

spatial structure with one axis connecting six lakes and three belts connecting

four sections.

The central belt will connect sections of wealth gathering, science and

technology innovation and ecological development to promote headquarters

economy, research and development, smart manufacturing and waterfront

businesses. The base will feature the functions of office, research and

development test, commercial and residential uses. By connecting

decision-making with R&D and industrial application, the base will attract

high-end industry clusters and professionals.

The invitation to Wuhan Development Zone has won applause and recognition from

Shenzhen's entrepreneurs.

"Wuhan is a natural investment destination for large domestic enterprises and

groups as long as they want to make a nationwide presence. We are optimistic

about Wuhan and will continue to invest in Wuhan," said Zhang Jinshun, vice

chairman of Baoneng Group.

"Wuhan has a very good investment environment and the people are very

enthusiastic. It is a safe bet to invest in Wuhan," said Jiang Tiefeng, general

manager of China Merchants Shekou Industrial Zone Holdings Co,.Ltd.

Many entrepreneurs expressed their willingness to strengthen all-round

cooperation with Wuhan Development Zone to seek common development and achieve

win-win results.

Focusing on the artificial intelligence industry, Shenzhen Galaxy Industry

Group plans to work with China Construction Second Engineering Bureau and Wuhan

Real Estate Group to invest in the construction of an international

intellectual port in Wuhan Development Zone, and to build projects such as

China university venture capital research institute (Central China branch),

national institute of entrepreneurship, Wuhan university entrepreneurship

manager training base, an incubator, a fashion shopping street and COCO PARK

Phase I.

On next-generation automobiles, DeepRoute, a Shenzhen-based self-driving

startup, will build a production base, R&D test center and operation center for

intelligent Internet-connected automobiles in Wuhan Development Zone. It has

also set up relevant technical teams around the technological transformation of

core components and the development of L4-level self-driving algorithm in-depth

learning technology to carry out commercial pilot operations. Another

Shenzhen-headquartered self-driving start-up AutoX will set its central China

regional operation headquarters in Wuhan Development Zone. The first batch of

the company's 20 self-driving vehicles will run on urban roads in Wuhan

Development Zone.

To promote scientific and technological innovation, China Science and

Technology Development Institute plans to build an innovation and

entrepreneurship service platform and an industrial engine platform in Wuhan

Development Zone. Giving full play to the advantages of the institute's

scientific and technological innovation strengths and other resources, the

investment projects aim at strategic emerging industries such as intelligent

Internet-connected automobiles, industrial robots, new materials and new

energy. Efforts will be made to introduce and cultivate high-quality teams and

projects at home and abroad, create a good ecological environment for

innovation and entrepreneurship, and strive to build it into a national

incubator within four years. In line with the development concept of

integration of industry growth and city development, R&F Group plans to build a

scientific and technological innovation center in Wuhan Development Zone to

create a characteristic industrial demonstration area to gather scientific and

technological innovation industries, innovation ideas and new talents.

Focusing on the automobile services market, China Zhengtong Group gathers and

integrates the advantageous resources of its subsidiaries and related parties

and plans to build and introduce a number of key projects such as the group's

wealth settlement center, Dongzheng finance central China headquarters base and

Zhengtong logistics headquarters base. It aims to build an industrial cluster

in the automotive aftermarket, development and introduce benchmarking high-end

office areas, enterprise headquarters bases, financial towns and various

commercial supporting industries and formats, and create diversified urban

space.

Peng Hao said Wuhan Development Zone will issue the best policies, create the

best environment and provide the best services for investors. All-round support

will be offered in terms of new research and development, innovation and

entrepreneurship in the district. Comprehensive talent services and supporting

special policies on children's schooling, house purchase and medical treatment

will be provided. The zone will be a good caretaker for enterprises and talents

investing and working in the district by improving the service mechanism and

offering targeted services.

Source: The Publicity Department of Wuhan Development Zone

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=366877

   Caption: A signing ceremony is held in Shenzhen for investment projects inked between

Shenzhen-based enterprises and Wuhan Development Zone.