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as part of the recent investment promotion in central europe, invest shenzhen propelled globally leading companies to invest in shenzhen. 
led by invest shenzhen's deputy director general li shi, our visiting delegation held talks with senior executives of porsche holding at its global headquarters in salzburg, austria on the morning of may 13 local time. the delegation also visited the headquarters and its showroom. during the talks, li shi outlined shenzhen's economic conditions and investment environment, detailed the policies on setting up headquarters in shenzhen, and made suggestions to porsche holding regarding the form and size of its investment in shenzhen. on behalf of porsche holding's ceo, mr. richard meiling, the company's chief for public relations, introduced their business development in china and investment plan in shenzhen. boosted by its positive outlook on shenzhen, porsche is planning to build a high-end car brand sales center in shenzhen, based on which to set up its south china headquarters. relevant officials from the china affairs office in salzburg also attended the talks.
under the banner of global 500 company volkswagen group, austrian porsche holding and porsche automobile manufacturing co. headquartered in stuttgart, germany are members of the porsche family. the austrian business unit specializes in selling high-end cars such as volkswagen, audi and porsche. with 30,680 employees worldwide, the company generated sales revenues of around us$20 billion in 2012 and has invested over us$400 million in china to date.