Projects inked at investment conference

Agreements for 40 projects with a total investment of over 60 billion yuan (US$8.944 billion) were signed at the 2022 Guangming Investment Promotion Conference held Wednesday at the Tian’an Yungu International Convention Center in Guangming District.

The projects cover various fields including biomedicine, new materials, intelligent manufacturing, new energy and financial services.

As a pilot zone for the comprehensive national science center of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Guangming is committed to developing itself into an innovation hub, a pioneer in the science-powered economy and a gathering place for innovative talents.

Company representatives and government officials at a project-signing ceremony at the 2022 Guangming Investment Promotion Conference in Guangming District on Wednesday. Courtesy of the Guangming District Government

“Guangming is now in its golden period for development and construction, which presents precious opportunities for investment and growth,” said Cai Ying, Guangming Party chief and head of the district government, in a speech delivered at the conference. “We sincerely invite entrepreneurs from across the world to share the scientific dividend with us and join us to create a better future for Guangming.”

At the conference, policies aimed to improve the district’s industrial space and support various industries were presented, including manufacturing, financial, commercial services, and software and information service industries, as well as eight emerging strategic industries and five future industries.

A plan to attract talents to Guangming Science City was also unveiled. The plan consists of 20 measures that include programs to cultivate young talents in science and technology, outstanding engineers and entrepreneurs who are also experts in science and technology.

According to the conference, Guangming will provide 40,000 more public housing units and 68,800 more school admissions for compulsory education by 2025.

Foshan Tongtaisheng Precision Electromechanical Technology Co. Ltd., a precision machinery and automation equipment manufacturing enterprise founded in 2012 in Foshan, will set up its research headquarters in Guangming.

“We choose Guangming because of the advantages that Guangming Science City has in innovation, research and development, talent attraction, economic growth and industrial policies,” said Wang Yangxi, vice general manager of the company, adding that Guangming’s excellent ecological environment will also help the company attract more talents.

Hengmei Optoelectronics Co. Ltd. (HMO), an upstream enterprise of Guangming-based display maker TCL CSOT, will build a manufacturing base for polaroid, optical functional films and other products in an industrial park of TCL CSOT. “An ultra-high-resolution display industrial cluster has taken shape in Guangming,” said Tan Zhimin, vice general manager of HMO. “The district also has an advantage in its industrial policies, which will help enterprises reduce costs. We’re confident about our future development in Guangming.”

Jiangsu Honghui Energy Engineering Co. Ltd. is an engineering company that provides services to high-end industries such as semiconductor, biomedicine and new energy. According to Liu Yunyan, the company’s executive general manager, they have decided to invest in Guangming because the district is accelerating the construction of a pilot zone for the GBA’s comprehensive national science center, and also because Guangming is a young district. “Guangming has an advantage in its educational resources, medical services and its number of high-end talents,” Liu said. “The district’s higher education institutions, such as the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, are also useful resources to help us improve our research ability,” Liu said.

Guangming has become home to industrial clusters in the fields of ultra-high-resolution displays, new materials and intelligent sensors. It also hosts over 78,000 enterprises, including 1,735 industrial enterprises above designated size, seven enterprises with an annual output of over 10 billion yuan, 50 with an annual output of over 1 billion yuan, 26 listed companies and 1,703 national high-tech enterprises.