4,665 foreign-funded enterprises settle in SZ

Writer: Han Ximin  | Editor: Holly Wang  | From: Shenzhen Daily | Updated: 2019-11-19

A total of 4,665 foreign-funded enterprises settled in Shenzhen in the first three quarters of the year, statistics from Shenzhen Statistics Bureau show.

Between January and September, the city’s fixed asset investment increased by 17.9 percent and investment in infrastructure increased by 43.8 percent. The actual utilization of foreign capital was 39.7 billion yuan (US$5.6 billion), and 88.44 percent was used in the service industry. Hong Kong maintained its position as a major source of investment. Hong Kong-funded projects and investment made up 79 percent and 76 percent of the total, respectively. Of the total foreign direct investment, Qianhai-Shekou Free Trade Area utilized about 56 percent of the total. Contractual foreign investments that involve more than US$100 million increased by 22.79 percent, according to the Shenzhen Special Zone Daily.

Shenzhen Commerce Bureau introduced 33 foreign-funded projects to settle in the city, which brought in 7.1 billion yuan of registered capital.

The projects, which include the Intelligent Retailing Center of Walmart, the Accenture global innovation research project and Slush Shenzhen Innovation Center, cover new generation technologies, high-end services, high-end manufacturing, culture and traditional finance.

Serge Weinberg, chairman with Sanofi Group, said Pasteur, the Group’s subsidiary company, the vaccines division, is trying to build a world class vaccine innovation center in Shenzhen.

Boston Consulting Group (BCG) announced this March that it would set up its Asia-Pacific Digital Center in Shenzhen and registered in Qianhai this July.

"We will introduce talents in business consulting and digital innovation to Shenzhen, where many high-tech enterprises and startups have gathered,” said Liao Tianshu, chairman of Greater China Region of BCG.