An information session on Shenzhen’s business environment and investment policies under the theme of “Invest in Shenzhen for a Win-Win Future” was hosted by Invest Shenzhen and held at Shenzhen Civil Center on April 18. Wang Youming, Director of Invest Shenzhen, met with representatives from companies including Commercial Aircraft Corporation of China and Walvax Biotechnology. An official from the Department of Commerce of Guangdong Province introduced its policies and measures to further open up and utilize foreign investment. Wu Sikang, Director of the Development Research Center of Shenzhen Municipal People's Government, Jia Changsheng, Deputy Director of Invest Shenzhen, He Jie, Deputy Head of the Municipal People's Government of Futian, and Xie Haisheng, Member of Party Working Committee of the Administration Committee of Shenzhen-Shanwei Special Cooperation Zone, all delivered speeches on Shenzhen’s business environment and reform measures, background on the meeting, and Shenzhen Hong Kong technology innovation special cooperation zone and Shenzhen-Shanwei Special Cooperation Zone, respectively. Officials from the Development and Reform Commission of Shenzhen Municipality, Economic, Trade and Information Commission of Shenzhen Municipality, Science and Technology Innovation Committee of Shenzhen Municipality, Market and Quality Supervision Commission of Shenzhen Municipality, Qianhai Administration and investment promotion departments in all districts (new districts) also attended and answered questions from companies. About 300 senior executives and representatives from leading companies, chambers of commerce and associations, and key industrial parks were also present at the meeting.
The international situation is undergoing profound and complicated changes, with some advanced countries issuing preferential policies and significantly cutting taxes to bring back their premium manufacturing sectors from overseas. As a result, signs of trade protectionism are emerging and such countries are engaging a greater number of trade disputes with China. All of these are barriers for China in introducing advanced technologies, international capital and multinational companies. To implement the Party’s and the nation’s policies, Guangdong and Shenzhen have issued preferential policies. The information session was aimed at introducing Guangdong and Shenzhen’s new policies, measures and tools designed to widen the economic opening-up, improve the business environment and boost industrial development to companies as well as to show Shenzhen’s determination and enthusiasm in attracting large-scale and quality investments.
The Department of Commerce of Guangdong Province introduced “Several Policy Measures for Further Expanding the Opening and Actively Utilizing Foreign Investment” at the meeting. Ten measures were issued to offer support to foreign investors in areas such as taxation, land use, talent, financing and rewards for foreign investors investing in real economy projects, and Fortune Global 500 companies and global leading companies investing in projects in Guangdong, and setting up multinational company headquarters.
The Development Research Center of Shenzhen Municipal People's Government introduced “Several Measures by Shenzhen on Intensifying Reform of the Business Environment” by elaborating on 20 reform measures in trade investment, political affairs, talent development, industrial development, green development and the legal environment to show the government’s determination in building the most efficient, standardized, vital and cost-effective business ecology.
The Futian government and the Administration Committee of Shenzhen-Shanwei Special Cooperation Zone introduced the Shenzhen-Hong Kong technology innovation special cooperation zone and Shenzhen-Shanwei Special Cooperation Zone, two cross-regional platforms for industrial cooperation, and encouraged companies to seize new opportunities from the cooperation between Shenzhen and Hong Kong and Shenzhen and Shanwei. It is also aimed at exploring new business opportunities to take their work to a new level.
Invest Shenzhen said that it will implement the “Shenzhen Action Plan for Attracting Large-scale and Quality Investments” by working with industry authorities and all districts (new districts) and focusing on key technologies and sectors in the industrial chain to introduce major industrial projects, headquarters projects, projects invested by Fortune Global 500 companies and innovative teams with an investment of over RMB 1 billion. Invest Shenzhen will continue to serve as the gatekeeper for Shenzhen’s economic development by playing “three roles”: The first is to coordinate the city’s investment attraction; the second is to follow up on major industry projects; and the third is to keep an eye on the business environment. Invest Shenzhen will attract more large-scale and quality investment to help build Shenzhen into an international innovation center in the technology sector and a leading area in socialist modernization.
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