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Greater Bay Area

The "Bay Area Moments" are on fire! Global Investors Come to the Bay

2023-11-09   

On November 8th, the 2023 Guangdong Hong Kong Macao Greater Bay Area Global Investment Conference kicked off, with a large number of Fortune 500 companies and industry leaders gathering in Guangzhou to share investment opportunities and development dividends in the Greater Bay Area. Guangdong, Hong Kong, and Macao will work together again to jointly attract investment and achieve fruitful results. The conference reached 859 investment and trade projects in new energy, biopharmaceuticals, semiconductors, and intelligent equipment, with a total amount exceeding 2.24 trillion yuan. Among them, 26 major investment projects were signed on site, with an investment amount of 80.3 billion yuan. Greater efforts were made to attract and utilize foreign investment, highlighting the importance of the real economy and adhering to the leadership of the manufacturing industry. The Greater Bay Area is a great article, and it has a great future. With the opening of the door, the acceleration of major projects, the improvement of the industrial chain, and the continuous optimization of the business environment, the high-quality development and high-level opening of the world-class bay area are continuously deepening and implementing. The "Bay Area Circle of Friends" is spread throughout the world, adding new momentum to the high-quality development of industries. In the hot atmosphere, high-quality projects from around the world are coming one after another. 859 investment and trade projects covering fields such as semiconductors (chips, integrated circuits, etc.), new energy equipment, electronic products, mechanical products, chemical products, metal processing, food, printing, biomedicine, etc. The 26 major investment projects signed on site in countries such as the United States, France, the United Kingdom, Germany, the Netherlands, Belgium, Austria, Japan, Singapore, and the Hong Kong, Macao, and Taiwan regions of China have a wide range of foreign investment sources, and the "Bay Area Circle of Friends" is spread worldwide. Global enterprises are continuously optimistic about Guangdong. The data released at the conference shows that in the first three quarters of this year, Guangdong absorbed 19.25 billion US dollars in foreign investment, with an increase of 84.4% from developed countries. Among them, investment from Europe increased by 1.5 times, investment from the United States increased by 15.7%, and investment from Singapore increased by 38.9%. In the on-site contract signing projects, the characteristics of being based on the real economy and adhering to the principle of manufacturing ownership are distinct. Among them, there are 16 manufacturing projects with an investment amount of 52.8 billion yuan; 10 other projects in the energy industry, technology research, and modern service industry, with an investment amount of 27.5 billion yuan. "Realizing Chinese path to modernization requires a modern energy system as a support." Karim Amin, member of the executive committee of Siemens Energy and global executive vice president, said that in the future, he will actively participate in the construction of a modern energy industry system by fully relying on the integrated innovation chain, industrial chain, supply chain, financial chain and talent chain of the Greater Bay Area. At this investment promotion conference, Guangdong Energy Group Co., Ltd. signed a Strategic Partnership Framework Agreement with Siemens Energy and announced comprehensive exchanges and cooperation in fields such as gas turbines and offshore wind power grid integration. Both sides are committed to creating a model of advanced energy enterprise cooperation between China and Germany, and accumulating new momentum for the high-quality development of the Greater Bay Area. Around industries such as high-end equipment, new energy storage, biopharmaceuticals, marine ranching, financial services, and clean energy, the conference also held 6 special industry docking meetings. A group of private enterprises, foreign enterprises, and state-owned enterprises gathered to use the conference platform for project negotiation and cooperation, seizing the opportunity for industrial development. With the iterative upgrading of technology and the continuous maturity of user needs, the new type of energy storage will also emerge as a trillion dollar industry, just like the photovoltaic industry back then

Edit:Hu Sen Ming Responsible editor:Li Xi

Source:GD TODAY

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