Tuesday, December 13, 2022

Shenzhen Global Investment Promotion Conference grabs 879 billion yuan investment

KUALA LUMPUR, Dec 13 (Bernama) -- The Shenzhen Global Investment Promotion Conference held recently has 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 (10 yuan = RM6.35).

From 2019 to 2021, the Shenzhen Global Investment Promotion Conference witnessed the cumulative negotiation and signing of more than 600 projects which have resulted in a total intended investment of more than two trillion yuan.

“We once again extend an invitation to global businessmen: Invest in Shenzhen, build a winning future,” Commerce Bureau of Shenzhen Municipality director Zhang Feimeng said in a statement.

He said 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.

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.

During the investment conference, 48 major projects, with international influence and core competitiveness, were signed.

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.

The projects signed on-site cover such fields as new-generation information technology, digital fashion, green and low-carbon industries, biomedicine and health, and the marine industry.

Apart from attracting businesses and investment, Shenzhen has spared no effort to attract talent. The event on Dec 9 saw guests promoting Shenzhen and welcoming entrepreneurs, investors, and scientists in "road shows".

-- BERNAMA

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