Business
City sees 82.9% surge in foreign investment |
2024-05-07
The first quarter of the year saw an impressive 82.9% surge in foreign investment, which highlights the unwavering confidence that foreign enterprises continue to have in Shenzhen, as reported by Shenzhen Special Zone Daily yesterday.The city's compelling global allure has led many companies to establish themselves or expand their operations in Shenzhen. For example, French-Italian multinational company STMicroelectronics establi
Payment services for overseas visitors improved significantly |
2024-04-22
Payment services for overseas visitors in Shenzhen have undergone remarkable improvements, allowing them to make seamless payments using various methods such as overseas bank cards, QR codes, cash, and e-CNY hard wallets. These advancements were unveiled during a press conference held at the People's Bank of China (PBOC) Shenzhen Central Sub-branch on Friday.Statistics from the PBOC Shenzhen Central Sub-branch reveal that as of A
SZ offers 13 sqkm of new land parcels for investment |
2024-04-19
Shenzhen has offered 13 square kilometers of new land parcels for investment, a move that the government said was aimed at attracting investment and stabilizing business as well as benefiting and assisting enterprises.It was announced at a promotion conference Thursday, which attracted over 100 large domestic and foreign firms.To provide much-needed developable land for investors, Shenzhen has combed through 70 land parcels throughou
19 first stores by intl. brands opened in SZ in first quarter |
2024-04-18
Shenzhen witnessed the opening of 19 first stores by international brands in the first quarter of this year, accounting for over 20% of all newly established first stores.The increase in international brand presence, predominantly in the realms of apparel retail and dining, underscores Shenzhen's burgeoning allure for global players in the market, Shenzhen Special Zone Daily reported. The "first store" term refers
Overseas visitors able to pay smoothly in SZ |
2024-04-22
Overseas visitors in Shenzhen now have access to a diverse range of payment options, including the convenience of using WeChat Pay for small transactions without requiring ID verification, the national broadcaster China Central Television reported recently.A foreigner, identified as Tony, recalled that when he first came to China in 2015, he had to exchange foreign currency at banks and carry cash for daily expenses. Now, he can make
Plan seeks to expand payment services |
2024-03-29
Shenzhen is accelerating the construction of a consumer center with global influence, according to a work plan issued by the Shenzhen Municipal People's Government.The plan, released Tuesday, focuses on improving payment services for international visitors and elderly people. By creating a market-oriented, legally compliant, and internationally competitive business environment, the city seeks to establish itself as a pivotal glob
City's cross-border e-commerce nets ¥110B in first quarter |
2024-04-10
The import and export volume of Shenzhen's cross-border e-commerce exceeded 110 billion yuan (US$15.2 billion) in the first quarter (Q1) of this year, a year-on-year increase of over 95%. The figure hit a new high for the same period, which accounted for more than half of the provincial total in Q1, according to a provincial seminar on high-quality development of cross-border e-commerce held in Shenzhen on Monday. Shenzhen,
Intl. payment shopping carnival launched |
2024-04-02
Alla Diasamidze, from Georgia, displays a Change Purse she has received at the Agricultural Bank of China Shenzhen Branch in Luohu District yesterday morning. The purse contained small bank notes worth 200 yuan in cash. Alla Diasamidze, from Georgia, smoothly withdrew 200 yuan (US$27.6) in cash with her overseas bank card and exchanged the two 100-yuan notes for smaller notes of the same value at the Agricultural Bank of China S
'First stores' accelerate market entry |
2024-03-13
Shenzhen's first-store economy is off to a strong start this year with the accelerated opening of first stores and debuts of new well-known brands.The "first store" term refers to the first brick-and-mortar store set up by a brand in a certain geographically defined market, which could be a city, province, country, region, continent, or the world.The "first store" economy, which has been growing over the last
Robust consumption attracts more inaugural stores |
2024-03-18
Shoppers are seen in front of the Costco store in Longhua District, Shenzhen, when it opened Jan. 12. It is the giant retailer's first store in South China. When Costco Wholesale Corp. opened its first store in South China on Jan. 12, large crowds of shoppers flocked to the U.S. retailer's new store in Longhua District in Shenzhen.Shoppers had to wait for several hours to get in. Customers filled the aisles of the 15,000