tel:0755-88107023
shenzhen has rolled out new measures to support local enterprises, including offering 30 million yuan (us$4.6 million) to any enterprise entering the fortune global 500 for the first time, the shenzhen evening news reported yesterday.
guo limin, head of the shenzhen municipal economy, trade and information commission, said shenzhen plans to enhance the city's international profile as a technology and industry innovation center during the 13th five-year plan, with hopes there will be eight to 10 fortune global 500 enterprises based in shenzhen by 2020.
shenzhen-based enterprises that are selected for the fortune global 500 for the first time will be awarded 30 million yuan by the government, and those on the china top 500 list for the first time will be awarded 10 million yuan.
there are four fortune global 500 enterprises based in shenzhen, namely the china ping an group, huawei, china merchants bank and the amer international group. all these enterprises were in the top 250 enterprises on the fortune global 500 list last year.
zhong jian, party secretary with the economics school of shenzhen university, said most of the enterprises are privately-funded or joint-equity companies and half are technology companies.
"shenzhen's local companies show vitality and sustainable development after facing fierce competition in shenzhen," zhong said, adding that many local enterprises stand out without government support.
based on the current exchange rate, a chinese enterprise's yearly revenue should reach 140 billion yuan before being included in the fortune global 500 list. a real estate analyst, yin xiangwu, said vanke will likely join the list soon as its revenue in the past two years surpassed the required amount. its yearly revenue in 2014 was 146 billion yuan. yin added that many people are also optimistic about tencent and zte getting on the list.
a 10-billion-yuan government fund will be set aside to support local companies' overseas mergers and acquisitions, encouraging them to construct infrastructure in the belt and road regions.
according to the new measures, at least 270 square kilometers of land will be reserved for industrial use in shenzhen, and the city will ensure the supply of office buildings for the innovative industry be at least 8 million square meters by 2020.
"shenzhen will set an access threshold for land development and lay more emphasis on emerging industries such as new energy, new material and biomedicine industries," said the spokesperson from the city's urban planning, land and resources commission.
the government will also offer subsidies for banks that suffer losses after providing unsecured loans to small and medium-sized companies as a step to encourage loans to those types of companies.
a member of the municipal committee of the chinese people's political consultative conference, ye yali, said it's important to take advantage of the finance channels in qianhai and boost cross-border equity funds, bringing in overseas capital to propel local economic growth.