SZ launches one-stop foreign investment online service

 Shenzhen's commerce bureau officially launched its Foreign Investment Service Zone on the “Shen i Qi” website (www.szsiq.com) Monday.

The one-stop online service aims to meet foreign-invested enterprises’ needs in business operations and further enhance the rule of law, internationalization and foreign investment facilitation in Shenzhen, bureau officials said.

The service zone features three main sections, namely business operation, investment and taxation, and information submission.

Business operation services cover corporate establishment, alteration, cancellation, social security and housing allowance registration. Investment and taxation services cover bank account opening appointment, foreign currency registration appointment, visa processing, real-name taxation certification and invoice application. The information submission section features information report modification and annual report filings by foreign-invested corporations and foreign representative offices.

The launch of the online service is part of the city’s slew of measures to attract foreign capital.

Fair brings together world’s most inventive design resources

 Themed “New Habitats: Design is the New Discipline,” the ninth Shenzhen International Industrial Design Fair (SZIDF) kicked off at Hall 2 of Shenzhen Convention and Exhibition Center in Futian District yesterday.

The three-day online and offline fair aims to showcase excellent global industrial design, explore various possibilities for design-driven industrial upgrading, and utilize industrial design’s leading role in industrial development.

Uwe Cremering, CEO of iF International Design GmbH, which organizes the iF Design Award, one of the world’s most prestigious design competitions, delivered a keynote speech via video at the opening ceremony.

“In recent years, we’ve seen SZIDF becoming a milestone in Shenzhen design and one of the most influential design events in the world,” Cremering said.

According to Cremering, Shenzhen has a solid industrial foundation for design. It allows international talents to demonstrate their abilities while also promoting the integration of Shenzhen’s innovative design with emerging industries.

“The introduction of international design resources promotes Shenzhen design and manufacturing to establish cooperative relations with international design masters and institutions, enhancing the design innovation and international competitiveness of Shenzhen and China,” he said.

In 2021, the total number of iF Design Award winners in China is 1,218, with 398 from Shenzhen. The city has ranked first in China for 10 consecutive years, according to Cremering.

“We think that from this fair, we have a better understanding and dialogue with Chinese companies to understand what they really need, so that we can link our resources to the needs of Chinese companies,” Jorg van den Hoven, president of China Europe Branding Association, said.

The Great One Award awards ceremony, one of the fair’s most anticipated events, also took place yesterday. Coal mining solutions developed by the User-centered Design department of Huawei took home the top honor.

This year’s fair includes more than 6,000 high-quality ideas from all over the world, covering over 10 categories such as intelligent robots, new energy and autonomous autos, smart home appliances, cultural innovation, smart health, and beauty and personal care items.

A total of 312 domestic and international exhibitors are participating in the fair, including seven specially invited overseas exhibition groups from the Netherlands, Denmark and other nations and regions.

SZ to offer subsidies to stimulate marine economy development

 Enterprises, research institutes and higher learning institutions applying their products and services in the marine sector or applying their marine research achievements in non-marine sectors can expect to receive subsidies from the Shenzhen government, Shenzhen Economic Daily reported.

The subsidies will amount to 20 percent of the price stated in their procurement or technological service contracts, and capped at 10 million yuan (US$1.58 million), according to a recently released draft plan by Shenzhen’s planning and natural resources bureau.

This is one of the 12 measures mulled by the city to encourage high-quality development of the marine economy. The plan supports marine enterprises to set up research institutes or invest in industrial projects, and support research institutes or higher learning institutions to set up branches in Shenzhen.

The city will offer rewards to marine projects supported by national- or provincial-level special funds equivalent to 50 percent of its self-financing funds and the subsidy will be capped at 10 million yuan. The combined fund awarded by the national, provincial and municipal authorities will not exceed 50 percent of the total investment of a project.

Newly registered marine enterprises will be rewarded an amount equivalent to 50 percent of their local revenue contribution within three years after registration, with a cap at 1.5 million yuan.

High-growth marine enterprises whose average revenue or net profit growth rate over the last two years is not less than 10 percent will be rewarded an amount equivalent to 40 percent of their local revenue contribution, with a cap at 1 million yuan, according to the measures.

The government will also support new product testing by offering subsides equivalent to 50 percent of the total expenditures, with a cap of 1 million yuan.

SZ to pilot quality infrastructure development

 Shenzhen has been chosen as the first Chinese city to pilot high-quality infrastructure development, according to an approval of the National Development and Reform Commission recently publicized on its official website.

The pilot high-quality infrastructure development program includes traditional infrastructures in transportation, energy, water conservation, logistics and public works. It also covers new infrastructures such as AI, industrial internet and IoT (Internet of Things).

By 2025, the city’s infrastructure construction scale and innovation level will join the ranks of leading groups in the world. Its traditional facilities will be deeply integrated with new ones; and infrastructure-supported new social and economic development modes, and business modes will be formed.

According to the Shenzhen Municipal Development and Reform Commission, the pilot will be developed around four “crossovers” — crossing the border to lead development, crossing regions to synergize development, crossing domains to coordinate development and crossing cutting-edge technologies to integrate development.

The commission also states that to attain these goals, the city will push forward the construction of some major projects and platforms.

As Shenzhen aims to be an international comprehensive transport hub, it will break institutional barriers and establish highly efficient, balanced and coordinated mechanisms for the hub’s development. It will also push forward the transformations of advanced manufacturing and modern service industries from infrastructure-based to internet or platform-based, thus forging emerging economic growth points.

In terms of cross-regional development, the city will enhance cross-city infrastructure connectivity and Shenzhen Metropolis Circle’s integrated operation and maintenance system under the guidance of joint infrastructure planning, construction and management, and mutual service sharing.

In terms of cross-domain coordinated development, the city will coordinate planning and spatial layout of traditional infrastructures in transportation, energy, water conservation and urban security, and ensure infrastructure resource sharing, joint facility construction and mutual space utilization.

Shenzhen will apply new infrastructures onto traditional ones and make these traditional transportation, energy and public works infrastructures more intelligent.

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City to boost satellite-related industries

 Shenzhen is now collecting industrial key projects relating to satellites and their applications to seek the industrial development opportunities and constructing “satellite+” innovation ecology.

The projects include six orientations, namely demonstrations of special application scenarios, research on major equipment and key spare parts, key technologies’ research and innovative applications, core products and spare parts industrialization, civil use and public service platform infrastructure construction and major industries’ public service platform.

This June, in a move to be a global satellite and applied industrial innovation pinnacle, Shenzhen Municipal Development and Reform Commission unveiled a regulation covering 16 innovation measures from five aspects including advancing application scenarios, enhancing innovation capabilities and consolidating infrastructures.

Shenzhen will offer a subsidy up to 200 million yuan (US$31.43 million) for a single satellite project and up to 50 million yuan for satellite launch insurance.

In the regulation, the city encourages the integration of satellites with different industries to forge different application scenarios, supporting application of satellite technologies in different industries like transportation and logistics, marine economy, natural resources, urban safety and environmental protection. For demonstration projects with great market potentials, the city will provide subsidies up to 30 million yuan a year.

The city supports private enterprises in construction of civil space infrastructures like the high-powered broadband communications satellite system and will offer subsidies up to 200 million yuan for a single project and 50 million for launch insurance.

The city also supports leading enterprises to set up satellite industrial parks and to form an industrial cluster in chip research, telecommunications research and developments, remote sensing data treatment and research and operations of intelligent satellites.

For research on major facilities, core technologies and key spare parts relating to comprehensive and integrated application of communications, navigation and sensing, the city will offer subsidies up to 300 million yuan.

Shenzhen has made solid progress in the development of its satellite industries and its global influence has kept increasing in recent years.

In December 2018, the first satellite for the Hongyan constellation, which is comprised of hundreds of satellites in the first phase, was launched. It was the first national-level commercial space project developed by Shenzhen Aerospace Dongfanghong Development Ltd. After completion, the constellation will provide services in various areas, including Internet of Things (IoT), intelligent terminals, mobile broadcast, navigation enhancement and broadband.

In September 2019, China’s first polar-observing satellite, BNU-1, which was made in Shenzhen, was launched. In one year, it obtained more than 2,500 images covering the Arctic and Antarctic regions. It is the first member of China’s polar observation satellite constellation, which will have a total of 24 satellites. Supported by the Ministry of Science and Technology, the satellite was designed by Beijing Normal University and jointly developed by China Great Wall Industry Corp. and Shenzhen Aerospace Dongfanghong Satellite Co. Ltd.

In July 2020, a high-powered broadband communications satellite, Apstar 6D, designed to provide internet access to airline passengers, cruise ships, fishing vessels, and other mobile users, was successfully launched aboard a Chinese Long March 3B rocket. This made Shenzhen become the second city in China that owns a communications satellite.

It is estimated that the market of satellite mobile communications terminals will reach 8 billion yuan in the coming five years. The city will support enterprises developing core products related to satellites and its applications, research and scientific achievement transformations of satellite terminals, BeiDou navigation system, liquid crystal phased array antenna and remote sensing mapping equipment.

SZ, Belgium forge deeper biomedicine cooperation

 Shenzhen Huaya Regional Economic Development Service Center and Belgium’s Wallonia Export-Investment Agency (AWEX) signed a strategic agreement to further deepen cooperation in biomedicine at a forum, a sub-event of the 23rd China Hi-Tech Fair (CHTF), which was held yesterday in Nanshan District.

Didier Denayer, business development and technology counselor of AWEX, said at the Belt and Road Forum for Innovation Cooperation that the signing is a follow-up to the two sides’ collaboration formed in 2019, adding that concrete projects will be mapped out afterwards.

The Belt and Road Forum for Innovation Cooperation, themed around digital information and Belt and Road Initiative opportunities, attracted nearly 200 online and offline participants.

Invited guests, including Jose Roberto de Andrade Filho, head of the science, technology and innovation section of the Embassy of Brazil; Qu Jian, vice president of the China Development Institute (CDI); and Aitor Mate, head economic and commercial counselor of the Economic and Commercial Office of Spain in Guangzhou, delivered speeches at the forum.

De Andrade Filho said that Brazil is accelerating the digital transition of its economy and expecting wider 5G technology implementation. From his viewpoint, 5G development can help spur progress in many sectors such as e-commerce and technology.

Qu suggested in a keynote speech that huge business potential lies in developing countries along the Belt and Road. To seize the opportunities, international cooperation is necessary. “We need to first recognize and then satisfy developing countries’ demands via international innovation cooperation,” Qu said.

The forum was hosted by the China Hi-Tech Fair Organizing Committee Office and organized by the China Hi-Tech Transfer Center and Shenzhen Huaya Regional Economic Development Service Center, a nonprofit service organization that promotes two-way investment and cooperation along the “Belt and Road.”

New SZ-Los Angeles cargo route opens

 A China Cargo Airlines (CCA) flight took off from Shenzhen Bao’an International Airport to Los Angeles, the U.S., on Monday – a first for the airline, according to Shenzhen Special Zone Daily.

This is Shenzhen airport’s second international cargo route and first intercontinental cargo route launched this year after China Central Longhao Airlines added a route to Ho Chi Minh City, Vietnam, on Jan. 6.

CAA’s new cargo route runs four times a week and is operated by a Boeing 777 freighter.

So far, the number of flights on the all-cargo aircraft route from Shenzhen airport to Los Angeles has been increased to 12 per week, boosting North American cargo route capacity.

Shenzhen airport currently has 51 freight waypoints including 31 international and regional ones, which is a new high.

Shenzhen airport’s annual cargo and mail throughput increased by 12.1 percent year on year to 1.56 million tons in 2021, ranking third among the top 10 airports on the Chinese mainland.

International and regional cargo volume increased by 26.8 percent year on year to 650,000 tons, accounting for 41.5 percent of the total.

In 2021, Shenzhen airport introduced eight new cargo airlines including Atlas Air and Southern Air, and added 17 international cargo routes to Chicago, Los Angeles, Bangkok, Singapore, Cologne and Paris.