Industrial News
Shenzhen’s market entities exceed 3.8M by end of July |
2022-08-17
The number of market entities registered in Shenzhen exceeded 3.8 million by the end of July, up 4% year on year, according to Shenzhen Special Zone Daily.The number of Shenzhen’s market entities has grown from less than 1 million to around 3.835 million within a decade. The total amount of Shenzhen’s market entities has ranked first among big and medium-sized cities in China for many years.The rapid growth of market entities is empo
District-level consumer festivals in full swing |
2022-08-16
With the 2022 Shenzhen Shopping Season in full swing, district-level consumer festivals have begun one after another, aiming to further encourage residents’ consumption.This year, Luohu District launched its first nighttime fashion consumer festival to promote the night economy and introduce new night spending hotspots.During the festival, various events are being held at its main venue at Dongmen Pedestrian Street, as well as at Yin
SZ named national demonstration city for IP protection |
2022-08-11
Shenzhen has been named a national demonstration city for intellectual property (IP) protection, according to a list unveiled by the China National Intellectual Property Administration.A total of 38 cities across the country have been included in the first batch of demonstration cities for IP protection.In addition to Shenzhen, another two cities in Guangdong Province — Guangzhou and Foshan — were also on the list.Shenzhen’s IP index
10 SZ-based firms enter Fortune Global 500 list |
2022-08-04
Ten Shenzhen-based companies have made it into the Fortune Global 500 list for 2022, two more companies than last year’s figure. The list, which ranked the world’s largest companies by revenue for fiscal year 2021, was released by business magazine Fortune yesterday.The 10 companies are China Ping An (25th), Amer International Group (76th), Huawei (96th), Tencent (121st), China Merchants Bank (174th), China Vanke (178th), China Elect
SZ’s banking sector ranks 3rd in total assets in H1 |
2022-08-02
In the first half (H1) of the year, Shenzhen’s banking sector ranked third among large and medium-sized Chinese cities in terms of total assets, as well as deposits and loans, according to the Shenzhen office of the China Banking and Insurance Regulatory Commission (CBIRC), Shenzhen Economic Daily reported.The CBIRC data for H1 showed that Shenzhen’s total banking assets stood at 12.01 trillion yuan (US$1.77 trillion) by June 30, up
Urban renewal project under construction |
2022-07-29
An aerial view of the construction site of an urban renewal project at Prince Bay in Nanshan District on Wednesday. Braving the scorching heat, workers at the construction site were contributing their part in the construction of a coastal garden-like space in the Prince Bay area. Authorities in Nanshan have set their eyes on building a “smart Prince Bay” featuring intelligent transportation, energy, security and administrative servic
SZ reduces firms’ burden by ¥50B |
2022-07-29
Shenzhen's broad package of measures to help its local economy hit by the COVID-19 pandemic had reduced enterprises’ financial burdens by over 50 billion yuan (US$7.4 billion) in the first half (H1) of the year, Dai Jintao, Party chief of the Shenzhen Municipal Finance Bureau, said on a radio program recently.Of the total, more than 29 billion yuan was handed out directly by the finance department as inclusive subsidies and speci
SZ’s GDP hits ¥1.5T in H1 |
2022-07-28
Shenzhen's GDP rose by 3% year on year in the first half (H1) of the year to 1.5016 trillion yuan (US$222 billion), achieving a steady economic growth despite COVID disruptions, the local statistics bureau said Tuesday.From January to June, the city effectively coordinated pandemic prevention and control and economic and social development, and its economy registered a stable performance with good momentum for growth, the bureau
Bonded areas’ exports up |
2022-07-22
The trade volume of Qianhai, Yantian and Pingshan bonded areas reached 160.6 billion yuan (US$23.74 billion) in the first half (H1) of the year, up 9.8% year on year, showing the areas’ potential and resilience in foreign trade.In Qianhai Integrated Bonded Area, Shenzhen Customs introduced the Multi-Country Consolidation (MCC) method, a cost-effective solution consolidating cargo from different countries of origin to build full conta
Shekou block recognized for nighttime consumption |
2022-07-21
The Shekou coastal cultural and creative block is among the second batch of national nighttime culture and tourism consumption areas announced recently by the Ministry of Culture and Tourism.A total of 123 projects across the country were selected as part of the second batch of national nighttime culture and tourism consumption areas. Among them, six are from Guangdong Province, and Shekou coastal cultural and creative block is the c