2023 Shenzhen Global Investment Promotion Conference Sydney and Brisbane Sessions Coming Soon

Themed “Pioneer Uncharted Landscape, Embrace Shared Opportunities – Invest in Shenzhen, Build a Winning Future”, the 2023 Shenzhen Global Investment Promotion Conference is scheduled at the Shenzhen World Exhibition and Convention Center on December 8th, 2023. The Conference is sponsored by the People’s Government of Shenzhen Municipality and organised by the Commerce Bureau of Shenzhen…

SZ exports expand 14% to exceed ¥1T in H1

THE city’s foreign trade reached 1.68 trillion yuan (US$235 billion) in the first half of the year (H1), up 3.7% year on year, posting a growth rate higher than the national average, data from Shenzhen Customs showed Monday. Exports grew by 14.4% amounting to 1.05 trillion yuan, while imports reached 628.49 billion yuan, indicating an…

Shenzhen set to build ‘City of Superchargers’

GETTING back on the road after a cup of coffee with a fully charged electric vehicle (EV) will no longer be a pipe dream for Shenzhen residents. Capitalizing on the “new infrastructure rush,” Shenzhen launched an initiative to build a “City of Superchargers” at the 2023 International Digital Energy Expo, which opened at the Shenzhen…

City’s business entities hit record high of 4M

THE number of business entities in Shenzhen exceeded 4 million by the end of March, a record high under ever-improving business climate and policy-based support to stimulate the vitality of market entities. There had been 4.0051 million business entities in the city as of the end of March, topping the country and up 4.61% year…

Stimulus package to boost Qianhai financial sector

QUALIFIED financial institutions that register in or relocate offices to Qianhai will receive a maximum of 10 million yuan (US$1.45 million) each in subsidies, and those whose profits reached 2 billion yuan each in the previous year will receive a maximum of 20 million yuan, according to new measures supporting the quality development of Qianhai’s…

Shenzhen’s supportive services attract talents

A GROUP of expats were seen dancing to the beat of the drums at Hall 6 of Shenzhen Exhibition and Convention Center in Futian District during the 21st Conference on International Exchange of Professionals (CIEP) held in April 2023. They are volunteers representing the international talent communities or blocks across the city to introduce talent…

City trade increases by 7.4% in Q1

SHENZHEN’S first-quarter (Q1) foreign trade reached 796.7 billion yuan (US$115.5 billion), up 7.4% year on year and accounted for 43.3% of Guangdong’s total trade, statistics from Shenzhen Customs showed. The general trade contributed 411.5 billion yuan to the overall trade with processing trade and trade in bonded areas reaching 190.3 billion yuan and 189.1 billion…

Measures adopted to support HK, Macao startups

YOUNG entrepreneurs from Hong Kong and Macao who start their businesses in Shenzhen will receive a one-off subsidy of 10,000 yuan (US$1,447) and a monthly rent subsidy of 1,560 yuan for three years. If the entrepreneurs’ businesses create more job opportunities, there will be an employment subsidy of 2,000 to 3,000 yuan per person, and…

Shenzhen launches first hydrogen energy industrial park

SHENZHEN’S first international hydrogen energy industrial park was inaugurated in Yantian District, as the city is pressing ahead with its green transition to help fulfill China’s national goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060. The park will highlight R&D and manufacturing of hydrogen fuel cell systems, fuel reactors…

Shenzhen’s foreign trade jumps 4.2% in July

Shenzhen’s foreign trade recovery continued in July, with imports and exports increasing by 4.2% year on year to 293.2 billion yuan (US$42.67 billion), customs data showed. From January to July, cargo imports and exports reached 1.91 trillion yuan, up 1.8% over the same period last year. The Shekou Container Terminal in Nanshan District. File photo In…