THE Pearl River Delta region had attracted a total of 276 Fortune Global 500 enterprises for investment by the end of December 2020, among which 229 invested in Shenzhen and 256 in Guangzhou.

The office buildings in Futian CBD. SD-Agencies

According to Fortune Global 500’s 2021 investment in Guangdong report released Tuesday, 350 Fortune Global 500 enterprises have invested in 2,416 enterprises in Guangdong Province, with the accumulative registered capital scale at US$180.7 billion. Among the enterprises, 93 percent are located in the Pearl River Delta area and 67.5 percent, or 1,632, are located in Guangzhou and Shenzhen.

The investments of Fortune Global 500 enterprises in Guangdong ranked third in China, following Beijing and Shanghai.

In terms of overseas investments by Fortune Global 500 firms, 83.6 percent came from Asia, with Hong Kong taking up 60 percent followed by Singapore at 32 percent during the 13th Five-Year Plan period, the report showed.

In the secondary industry, overseas investments by Fortune Global 500 firms in Guangdong mainly focus on energy manufacturing and supply, with registered capital of US$13.88 billion, taking up 97.8 percent of the industry’s total registered capital by these firms.

In the tertiary industry, investments by these firms are mainly in business services, whose combined registered capitals reached US$6.96 billion, taking up over 50 percent of their total registered capital invested in the tertiary industry.

(Source | Shenzhen Daily)