KUALA LUMPUR, Dec 20 — A total of 128 projects worth over 560 billion yuan combined have been signed during the Shenzhen Global Investment Promotion Conference 2019 held in the southern Chinese city. (100 yuan = RM59.06)

The event will enable Shenzhen to give a boost to its development of strategic emerging industries and its lead in establishing an advanced, quality, modern system of high-tech industries.

During the event, the strategies and policies to develop Shenzhen’s industries were unveiled, 30 square kilometres of industrial land promoted and the realities of the city’s business environment expounded.

Shenzhen is set to grasp the opportunities brought by the building of the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics and step up efforts to implement the innovation-driven development strategy for its quality growth.

A new raft of industrial policies for biomedicine, integrated circuit, 5G-based communications, and other emerging and frontier fields was launched to gain an edge in the future.

Additionally, Shenzhen will carry out the national programme for emerging industrial clusters of strategic importance by fostering a host of industrial aggregates.

Enterprises embracing Shenzhen’s future development plan will be given sufficient space for growth, favourable policies and strong industrial support.


The conference was hosted by the People’s Government of Shenzhen and organised by such government entities as the Development and Reform Commission of Shenzhen Municipality.

It was joined by over 600 guests, including representatives of foreign embassies and consulates in China, officials of Shenzhen’s sister cities, representatives of Fortune Global 500 companies and large multinationals.

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