Shenzhen hopes more State-owned enterprises (SOEs) under the Central Government expand their operations and increase investment in the city.
At a meeting in Beijing with the chief leaders of 85 SOEs on Tuesday, Shenzhen Mayor Xu Qin said Shenzhen was becoming the first choice for SOEs to establish headquarters for regional and international operations and the best places for investment in emerging industries, modern service and high-tech industries.
Shenzhen developed multiple-level strategic cooperation with SOEs under the Central Government in various fields in the past 30 years and the SOEs had played an important role in Shenzhen s reform and opening up, said city Party chief Wang Rong. He hoped higher-level cooperation would be strengthened in the coming years.
At the eighth plenary session of the 10th Guangdong Provincial Committee of the CPC in January, Guangdong set a goal to build Happy Guangdong by attracting Fortune 500 enterprises, Central Government SOEs and influential private companies to invest in Guangdong.
In the coming five years, China Merchants Group will invest 60 billion yuan (US$9.10 billion) in Shenzhen and play a role in helping the city develop transport, finance centers and a low-carbon city, said Li Jianhong, president of China Merchants Group, which started investing in Shenzhen in 1979. The group has invested 50 billion yuan in the past 10 years.
Also at the meeting, Li Yang, vice chairman of China ACG Group Co. Ltd., said the company had decided to establish its South China headquarters in Shenzhen. The investment is expected to reach 20 billion yuan in three years.
Of the 25 companies invested by China Resources, 15 had set up headquarters in Shenzhen, group chairman Song Lin said.
China Resources revenue in Shenzhen was 46 billion yuan last year and it had invested in 60 projects including property development, pharmacy sales, finance, food, gas and textiles.
So far, 42 Central Government SOEs had Shenzhen operations in energy, electronic information, bio-medicine, finance, logistics, tourism and property investment. More than 30 companies had signed strategic cooperation agreements with the Shenzhen government.
(By Han Ximin)
