Shenzhen has been prodding foreign investors to invest in the city, announcing the Second Shenzhen Global Investment Promotion Conference will be held at the main venue of Wuzhou Guest House in Futian District on Dec. 8 and eight subvenues overseas.
The remarks were made by Wang Youming, director of the commerce bureau, at a news conference held by the Shenzhen Municipal Government Information Office at the Civic Center in Futian yesterday.
The eight subvenues will be in New York in the U.S., Panama City in Panama, London in the U.K., Nuremburg in Germany, Johannesburg in South Africa, Tokyo in Japan, Sydney in Australia and Singapore, as per the conference.
“Representatives from more than 300 firms and institutions, including 65 global top 500 enterprises and 21 China’s top 500 enterprises, will participate in the event. In addition, 140 foreign-funded enterprises have confirmed to participate. Among them, 57 are foreign nationals and 18 of them are chairpersons of their companies. They have long been living in China,” said Wang.
The firms mainly engage in industries of new-generation technologies, high-end manufacturing, new materials, biopharmacy, finance, trade and digital economy.
Due to the pandemic, some executives of multinationals, such as Airbus, IBM, Boston Consulting Group (BCG), ABB Group and Prudential Financial, will participate in the conference via video links.
Shenzhen held the first global investment promotion conference last December, attracting 600 guests, including officials from Chinese ministries, consular representatives in China, officials from Shenzhen’s international friendship cities, top technology companies and well-known investment institutions. That conference witnessed 128 projects signed with a total investment of 560 billion yuan (US$80 billion).
The conference also introduced Shenzhen’s 30-square-kilometer land lots that were seeking global investors for industrial development, and corresponding supporting policies.
“In the past year, we have flattened the land and adjusted plans to ensure land supplies to the enterprises. So far, 22 square kilometers of land have been made ready for use,” Wang Cefei, deputy chief of the city’s planning and natural resources bureau, said at yesterday’s conference.
The actual utilized foreign investment of Shenzhen was US$7 billion in the first 10 months this year, making up 6.1 percent of China’s total and an increase of 7.5 percent year on year, according to the conference.
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