ICIF Opens with More International Participants

A total of 117 exhibitors from 40 countries and regions and around 20,000 overseas buyers are attending the 13th China (Shenzhen) International Cultural Industries Fair being held at the Shenzhen Convention and Exhibition Center, the main venue, between 11th and 15th this month. Booths for overseas exhibitors took up 20 percent of the total 100,000-square-meter…

UNESCO Praises SZ Intl. Music Festival

UNESCO has sent a congratulatory letter to Shenzhen for the first 2017 Shenzhen Belt and Road International Music Season that kicked off on Saturday, which brings traditional and classical music from nearly 30 countries and regions that lie along China’s two ancient world trading routes. On behalf of Director-General of UNESCO Irina Bokova, Francesco Bandarin,…

Financial and Tech Town to Settle in Qianhai

To build the Sino-U.K. financial and tech town, Qianhai signed a strategic cooperation framework agreement with British Canary Wharf Group plc. and China Bridge Capital at 10 Downing Street on Friday. The agreement said that the three parties would establish the town in Qianhai and promote the development of finance, technology and other modern services…

¥10 Billion Govt.-Guided VC Fund Established

A 10-billion yuan (US$1.46 billion) venture capital fund guided by the government was established in Shenzhen on Saturday to bolster emerging industries in the city, the Shenzhen Economic Daily reported Sunday. Infotech Capital won the bid in July last year to be one of the supervisors of the funding project launched by the Ministry of…

4 SZ Firms among World’s Most Valuable Brands

Four companies in Shenzhen, namely Huawei, Tencent, Ping An Insurance and China Merchants Bank, were included in a 2017 Brand Finance Global list of the world’s most valuable brands, the Shenzhen Special Zone Daily reported. The four companies were ranked at 40th, 47th, 79th and 91st place on the list, respectively. All of them moved…

A Brand-New Huaqiangbei Reopens with High-Tech Dazzle

After being closed for four years due to Metro construction, Huaqiangbei, dubbed “China’s No. 1 Electronics Street,” has reopened to the public as a new commercial pedestrian street. New images of novelty, fashion, technology and innovation unfolded before citizens. The Huaqiangbei pedestrian street opening ceremony was held at 8:40 a.m. on Huaqiang Road North in…

SZ’s Local Fiscal Revenue Surpasses ¥300B

Shenzhen’s local fiscal revenue first exceeded 300 billion yuan (US$43.5 billion) last year, retaining a top position in the country and a brisk figure given the fact that China’s economy has been facing increased downward pressure and the country reduced taxes to relieve the burden on businesses. Shenzhen created a total fiscal revenue of more…

275 Fortune 500 Companies Invest in SZ

A total of 275 Fortune 500 companies have so far invested and set up offices in Shenzhen, setting a new record for the city’s work of investment promotion, announced Wang Youming, director of Invest Shenzhen, on Thursday afternoon. Wang made the announcement at the 2016 Shenzhen Major Investment Promotion Projects Signing Ceremony at the Civic…