Shenzhen is planning to introduce key industrial projects worth over1 billion yuan (US$142 million), investment projects from Fortune500 companies and major headquarters projects in2020, according to the Shenzhen Municipal Commerce Bureau.
The bureau also launched“cloud promotions,” making business investment more convenient amid the COVID-19 outbreak.
A staffer with the bureau said that the cloud promotions platform effectively reduces time spent on business consultation, communication and project management.
At present, over500 companies have expressed their intention to make investments in Shenzhen this year, according to Shenzhen Special Zone Daily.
In the first quarter of this year, Luohu District signed online contracts worth2.84 billion yuan with companies including REC. Three companies with registered capital of over100 million yuan have settled in Yantian District.
Both Longhua and Pingshan districts have used online methods to attract investment of500 million yuan from Sant Hydraulic and300 million yuan from biomedical tech company Kaiyao.