2023 Qianhai Global Investment Promotion and Talent Conference Held in China

On November 9, the 2023 Qianhai Global Investment Promotion and Talent Conference was held, capturing the interest of global enterprises and investors. The event attracted many Fortune Global 500 companies, Hong Kong enterprises, and leading industrial chain enterprises to locate in Qianhai, with a total investment amount of more than 130 billion yuan, injecting more impetus into the high-quality development of the city's economy.

At the conference, the Qianhai Global Investment Promotion Plan 2024 and the new Six Agglomerations were released, according to Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. A new "6+6" spatial pattern of industrial agglomerations has been built upon the original Six Agglomerations to accelerate the agglomerated development of advantageous industries.

Mr. Wang Shourui, Vice Mayor of the Shenzhen Municipal People's Government, stated in his address that the Conference strives to provide enterprises and talented people with a first-rate business environment, high-quality industrial space, and a broad development stage at a new starting point, joining hands to build a key power source for high-quality development.

Mr. Algernon Yau Ying-wah, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region, highlighted in a video message that the Qianhai Plan's release has provided Hong Kong enterprises with additional room for growth.

Qianhai has increased efforts in investment promotion, which have yielded remarkable results. Qianhai launched the Qianhai Global Service Providers program at last year's conference. The program aims to attract and nurture the world's top 50 and China's top 20 global service providers in eight categories (finance, trade and logistics, information, science and technology, cultural creativity, business, shipping, and public services). It has already gathered 146 service providers, including UBS, BP, and Tesa.

The Siemens Digital Technology Project is one of the projects launched in Qianhai this year. Mr. Shang Huijie, Senior Vice President of Siemens Limited China pointed out that the most valuable attribute of Qianhai is the development opportunities it brings to enterprises in terms of institutional innovation, innovative reform, and high-standard opening up.

Mr. Yang Fan, Co-founder and President of AI Infrastructure of SenseTime, said that SenseTime has developed and gone global with the support and companionship of Qianhai.

Analysts agree that the attractive preferential policies have enhanced Qianhai's appeal. During the conference, Qianhai introduced the Several Measures of the Qianhai Administration Bureau of Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone on Promoting the Agglomerated Development of Global Service Providers in Qianhai, providing robust support in ten areas for enterprises to establish their presence in the area.

Following this year's Conference, it is expected that Qianhai will provide stronger impetus for investment promotion to propel the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area in the future.

Source: Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone