Shenzhen Global Investment Promotion Conference held, attracted investment of 879 billion yuan
PR99164
SHENZHEN, China, Dec. 12, 2022 /Xinhua=KYODO JBN/--
On December 9, 2022, the Shenzhen Global Investment Promotion Conference was
held. It led to the negotiation and signing of 315 project contracts, including
those with Amazon, Intel, and Maersk, encompassing a total planned investment
of 879 billion yuan.
From 2019 to 2021, the Shenzhen Global Investment Promotion Conference
witnessed the cumulative negotiation and signing of more than 600 projects;
these have resulted in a total intended investment of more than 2 trillion
yuan. In the past four years, along with steadily rising investment, a large
number of projects of strategic emerging industries, such as new energy,
electronic information, ecological protection, biomedicine, and new materials,
have been established and developed in Shenzhen.
Multinational corporations have been the eyewitnesses of China's opening up to
the outside world and important participants in China's economic and social
development. At this year's conference, foreign investment projects covered
various fields, including advanced manufacturing, new-generation information
technology, biomedicine and health, marine industry, and modern services.
"We plan to invest in the construction of, in the Yantian Comprehensive Bonded
Zone, an omnichannel, intelligent, and green integrated logistics center that
will influence the Asia-Pacific region in a positive way. We will work with
Shenzhen to explore the confirmation of carbon rights, investigate the
construction of carbon trading, and look into the possibilities of increasing
input in green fuel," said Caroline Wu, Managing Director of Greater China of
Maersk.
Maersk represents many foreign businesses that have contributed to the
development of Shenzhen and will progress along with this City of Innovation.
During the investment conference, 48 major projects, with international
influence and core competitiveness, were signed. BYD Chairman Wang Chuanfu and
other well-known entrepreneurs called on the global market, "To invest in
Shenzhen is to invest in the future!"
"Once a border town and now an international metropolis, Shenzhen continues to
create miracles," said James Chang, Managing Partner of Regional Economic
Clusters and South Markets of PwC China. Today, nearly 360 Fortune 500
companies from 173 countries and regions have invested in Shenzhen.
Shenzhen's governmental departments, companies, and associations are also
constantly going out and getting deeply linked with global investors. The
activities of this conference cover 16 cities outside of China.
Throughout the Tokyo session, representatives, from the Shenzhen Economic and
Trade Office in Japan and the Japan-China Economic Association, signed a letter
of intent to jointly promote exchange and cooperation between Shenzhen and
Japanese businesses in the fields of new energy, energy conservation, and
environmental protection.
"We once again extend an invitation to global businessmen: Invest in Shenzhen,
Build a Winning Future," said Zhang Feimeng, Director of the Commerce Bureau of
Shenzhen Municipality. He said that Shenzhen will continue to strengthen the
protection of foreign investment, improve foreign investment services, and
facilitate and deepen investment and cooperation by holding a series of
activities, including policy presentations and investment promotions.
Statistics show that in the first 10 months of 2022, Shenzhen actually utilized
$9.179 billion of foreign investment, up 4.3% from the previous year.
The projects signed on site cover such fields as new-generation information
technology, digital fashion, green and low-carbon industries, biomedicine and
health, and marine industry. Wang Rui, Chair of Intel China, stated that
Intel's science and technology innovation center in the Greater Bay Area will
soon open in Shenzhen.
According to Frank Muhlon, the Chief Executive Officer of ABB's E-mobility
Business, which has previously invested in Shenzhen, Shenzhen is an open and
inclusive city with thriving high-tech industries. Among these industries in
particular, new energy vehicles are developing with strong momentum.
Among the 20 strategic emerging industry clusters and the 8 future industries
that Shenzhen plans to prioritize, many have performed well in the first three
quarters. For example, intelligent connected vehicles (ICVs) grew 44.5%, new
materials 22.6%, high-end medical devices 14.1%, and the marine economy 10.1%.
According to Wang Jun, Deputy Director of Development and Reform Commission of
Shenzhen Municipality, the business environment is an important part of the
city's core competitiveness and attractiveness, and Shenzhen has always
regarded the optimization of the business environment as the No. 1 reform
project. This year, Shenzhen introduced the Implementation Plan for Shenzhen as
a Pilot City of Innovative Business Environment Improvement, and initiated the
Greater Bay Area combined port program. Until now, Shenzhen Port has opened a
total of 26 combined port points, that cover nearly 90% of the cities in the
Greater Bay Area.
Apart from attracting businesses and investment, Shenzhen has spared no effort
to attract talent. The event on December 9 saw guests promoting Shenzhen and
welcoming entrepreneurs, investors, and scientists in "road show". Last month,
the well-known structural biologist Yan Ning announced in Shenzhen that she
would resign from her teaching position overseas to work full-time to help
create the Shenzhen Medical Academy of Research and Translation. Statistics
show that in 2022, Shenzhen's full-time academicians grew by 12 to reach 86,
overseas returnees increased by 8,384 to break the 190,000-mark, and the total
number of high-level talent, from home and abroad, reached 22,000.
According to Zeng Yi, Chairman of China Electronics Corporation (CEC), whose
headquarters were moved to Shenzhen last year, Shenzhen has an advantage of a
talent highland. CEC had 11,000 openings according to its original global
school recruitment program, yet nearly 130,000 resumes were received, which was
12 times that of the openings. "In particular, the number of high-end talent,
applying for the Future Scientists Program that we are concerned about, is
about 25-30 times that of the openings."
"Shenzhen is the epitome of the strength, stability, resilience, and great
potential of China's economy," said Xue Zhandong, President of the Shenzhen
Meso-economy Institute. He said China's determination to expand its high-level
opening-up would not change, and the door of China's opening-up would only get
wider and wider.
Source: The Commerce Bureau of Shenzhen Municipality
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