The Shenzhen Municipal Commerce Bureau joined hands with the Japan-China Economic Association to hold both the 2021 business environment promotion and the Japanese-Chinese enterprises’ match and exchange meeting yesterday.
The meeting, held both online and in-person, attracted around 80 representatives from over 40 Japanese and Chinese enterprises and institutions, including Royole Corp., BGI and Mindray. The offline meeting was held at the office building of the municipal commerce bureau.
Zhang Feimeng, director of the commerce bureau, said during her speech that Shenzhen is currently in a golden development period, driven by the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the building of Shenzhen into a pilot demonstration area of socialism with Chinese characteristics. Considering this, it will surely provide great development opportunities for Japanese companies, she said.
Zhang said that Japan currently holds unique advantages in many fields, such as advanced manufacturing, biomedicine, new materials and new energy, while Shenzhen is equipped with a complete industrial development support system. The two aspects combined will complement each other and be advantageous for everyone involved in terms of talents, capital, innovation and market.
Officials of other government departments in Shenzhen including the science, technology and innovation commission, the human resources and social security bureau and the market supervision and regulation bureau answered questions regarding the setting up of foreign-funded R&D centers, talent policies related to foreign senior executives, IPR and business visa.
Companies, including Asahi Kasei Corp., Sumitomo Chemical Co. Ltd., Monozukuri Ventures, Beamap, and Melody International, introduced their latest technologies and products for exchange with leading companies in Shenzhen.
According to the commerce bureau, the pandemic has affected the overseas economic and trade exchange for Shenzhen. To overcome this barrier, the bureau has innovated its work methods and set up the Shenzhen Global Economic and Trade Network Command Center to promote overseas economic and trade exchange and cooperation via both online and offline models and by combining the efforts of the command center and the city’s trade representative offices in foreign countries.
Yesterday’s meeting was the first one held since the establishment of the command center. The commerce bureau will hold more events of this kind, focusing on countries in regions like North America, Europe and Australia.
Shenzhen and Japan have had close trade ties over the years. In 2020, though hit by the pandemic, Shenzhen’s total import and export volume with Japan amounted to US$21.7 billion, with a 4.9-percent increase year on year. Of that amount, Shenzhen’s exports to Japan reached US$7.98 billion, up 7.9 percent year on year, while the import from Japan reached US$13.72 billion, up 3.1 percent year on year.
By the end of 2020, Shenzhen enterprises had set up 71 enterprises and institutions in Japan, with an accumulated amount of agreed investments reaching US$216 million and an actual investment of US$43,226,300.
By the end of 2020, nearly 1,000 Japanese companies had invested in Shenzhen, with the actual investment exceeding US$3.7 billion.