Three Nanshan firms enter GD top 100 overseas-funded enterprises list

Three companies from Nanshan have made it onto the 2024 Guangdong Top 100 Overseas-Funded Enterprises List, which was released at the recently concluded 2024 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area in Guangzhou.

The list features 13 foreign-funded enterprises from Shenzhen, among which three are based in Nanshan: Siemens Shenzhen Magnetic Resonance Ltd., Towngas Energy Investment Ltd., and HSBC Qianhai Securities Ltd.

The collective investment of the 100 companies on the list has reached a staggering US$36.6 billion in Guangdong, with each company investing over US$100 million. This substantial capital inflow is a testament to the province’s attractiveness to overseas investors.

Investment sources are diverse, hailing from 16 countries and regions, including the U.S., Germany, Japan, and Singapore. Notably, China’s Hong Kong leads with the largest number of invested firms in the nine mainland cities of the Greater Bay Area, while the U.S. is the country with the most extensive investment in these cities.

Geographically, 89 companies are primarily located in the nine mainland cities of the Greater Bay Area, with Guangzhou and Shenzhen being key hubs.

Industry-wise, the manufacturing sector dominates the list with 69 companies, accounting for 80% of the total. These companies are predominantly engaged in next-generation information technology, advanced equipment manufacturing, biomedicine, green petrochemicals, new materials, and modern services.

More than 70% of the companies on the list are classified as high-tech and knowledge-intensive enterprises, reflecting Guangdong’s commitment to the high-quality utilization of overseas investment.