"There is a broad market and room for development"

-- Foreign companies are optimistic about the prospects of the Guangdong-Hong Kong-Macao Greater Bay Area


859 investment projects were signed, with a total amount of RMB 2.24 trillion, and 6 thematic industry matchmaking meetings were held to promote project cooperation in industries such as high-end equipment, new energy storage, biomedicine, marine ranching, financial services, and clean energy. Organize "Bay Area Tour" investment inspection activities for enterprises to attract more investors to land in the Guangdong-Hong Kong-Macao Greater Bay Area...

Recently, the 2023 Guangdong-Hong Kong-Macao Greater Bay Area Global Investment Promotion Conference, jointly hosted by the Guangdong Provincial People's Government and the governments of the Hong Kong and Macao Special Administrative Regions, was held in Guangzhou, Guangdong. With the theme of "Investing in the Greater Bay Area for a Better Future", the conference was attended by representatives of Fortune 20 companies, professional institutions and business associations from more than 500 countries and regions.

The space is huge and the prospects are vast

"The development of the Guangdong-Hong Kong-Macao Greater Bay Area relies on the power of 'one country, two systems, three customs territories, and three currencies', and all cities in '9+2' have their own advantages and characteristics." At the conference, the Chairman of the Macao Trade and Investment Promotion Institute, U Yu Sang, said that the Greater Bay Area is one of the regions with the highest degree of openness and the strongest economic vitality in China, among which Macao's advantages lie in the separate customs territory, free port, and convenient flow of people, logistics and capital. The new model of linkage and cooperation between Macao and Hengqin reflects the synergistic effect of Macao platform + international resources + Hengqin space.

The Under Secretary for Commerce and Economic Development of the Hong Kong SAR Government, Mr Bernard Chan, said at the event that the current population of the Greater Bay Area has reached 8600 million, and the total economic output in 2022 will exceed 1.9 trillion US dollars. "Hong Kong has offices in 65 cities around the world, serving 128 countries. On the one hand, it is hoped that enterprises in the Greater Bay Area will be able to go global and connect with international standards through Hong Kong's financial services and entrepreneurial services. On the other hand, we also bring in overseas funds and talents through this network. ”

In the view of He Liping, global investment director of Guangzhou Development Zone, the biggest advantage of the Guangdong-Hong Kong-Macao Greater Bay Area is that it has a complete system. "There's a first-class supply chain, international ports and airports, and a huge market, all of which have all the ingredients you need to grow your business."

"The sources of our confidence in the GBA are diverse," he said. Li Xuesong, CEO of Enewan Kecheng (Guangzhou) New Materials Co., Ltd., said that the new materials field that the company focuses on has very rich customer resources, policies and talent support in the entire Greater Bay Area. Relying on the huge market size, open and inclusive atmosphere of the Greater Bay Area, as well as the support of policies, funds, customer resources and other resources, enterprises have a broad market and development space here.

Actively deploy and increase investment

"Guangdong and the Guangdong-Hong Kong-Macao Greater Bay Area have always been important windows for China's foreign cooperation, and it has been seven years since we landed in the Sino-Singapore Guangzhou Knowledge City, and we have seen the vigorous development of the biomedical industry in the entire Guangdong-Hong Kong-Macao Greater Bay Area." Regarding Guangzhou's business environment, Zheng Ziyuan, chief financial officer of Baiji Biopharmaceutical, praised again and again. He said that at present, the company has signed a blockbuster project with Guangzhou Development Zone, and will build a technological innovation and clinical medicine transformation center, which can carry out innovative research and development and transformation of the most cutting-edge and high-end technologies in the biomedical industry.

According to the data of the Guangzhou Municipal Bureau of Commerce, in the first three quarters, there were 4522,31 new industrial investment projects in the city, an increase of 7.1577%, and 38,8 signed projects, an increase of 349.3800%. For Guangzhou Development District and Huangpu District, which are important gathering places for foreign investment in Guangzhou, in the first three quarters of this year, a total of 27 new projects were signed and introduced, and the annual output value/revenue of registered projects reached more than 2 billion yuan. The actual utilization of foreign capital was about 20.55 billion US dollars, a year-on-year increase of 1.10%. From January to October this year, a total of 9 <>-billion-level projects were signed, of which Funeng Technology and TCL Zhonghuan are "double <> billion" manufacturing projects with investment and output value exceeding <> billion.

Since the beginning of this year, major foreign-funded projects have been landed, completed and put into operation in Guangzhou Development Zone and Huangpu District: a number of key projects such as Sinobio Pharmaceutical have been signed and introduced, foreign companies such as Jabil, Amway, and Scantech have increased capital and expanded production, the main body of Thermo Fisher Fisher Scientific's headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area has been completed, the modern hydrogen energy project has been put into operation, and the F&P production base has started... Foreign-funded enterprises continue to increase capital and expand production, demonstrating the strong attraction of foreign investment in the zone.

Improve policies and optimize services

"At the first Global Investment Conference last year, we signed 853 projects with a total investment of 2.5 trillion yuan. By the end of October, the operating rate exceeded 10%, which shows that there are opportunities, projects, motivation and returns for investment in the Greater Bay Area. At the meeting, Zhang Jinsong, director of the Department of Commerce of Guangdong Province, introduced the new development of Guangdong's investment policy.

During a visit to Carl Zeiss Optics (China) Co., Ltd. in the Sino-Singapore Guangzhou Knowledge City, the deputy manager of health economics and government affairs at Danaher Group, Mr. Gao Zhuokun, who attended the meeting, was very interested in the area. "The biomedical sector is what we will pay the most attention to in the future in investment and other fields, and the Sino-Singapore Guangzhou Knowledge City has a lot of high-quality resources, and this conference and visit allowed me to see a lot of potential high-quality customers." Gao Zhuokun said that in the field of biomedicine, Guangzhou's policy is strong and comprehensive, which has a good guiding effect for Danaher's next investment.

The strong confidence of foreign investors in the Guangzhou Development Zone and Huangpu District is inseparable from the strong policy system support of the zone. This year, the zone has newly issued the "Policies and Measures for Promoting High-quality Economic Development in Guangzhou Development District (Huangpu District)", which specially sets up the "Foreign Investment Introduction" award, and supports a maximum of 1 million yuan for a single enterprise, which greatly encourages the full use of foreign investment and vigorously develops the export-oriented economy. At the same time, the district has always attached great importance to the role of capital in promoting investment, and has formed a bidding linkage system of "state-owned enterprise investment + industrial fund guidance + social capital participation" to promote the successful implementation of a series of projects. (People's Daily Overseas Edition)