Luohu provides land, subsidies and services to attract investment
The Luohu district government held an investment promotional fair on Oct.22, attracting a total of more than 120 billion yuan as investment for 12 key projects.
In the event, the government opened its Sungang-Qingshuihe zone for investment from around the world. The zone covers an area of 24.4 hectares with a construction area of 934,000 square meters.
Representatives of more than 60 enterprises and industrial associations took part in the fair, in which Luohu introduced its new pro-business policies, saying that the district would set aside about 180.47 hectares of land for industrial and commercial projects in the coming decade, during which the district’s fixed-asset investment will hit 1 trillion yuan.
It plans to prioritize the construction of four zones, namely, the Caiwuwei-Hubei, Sungang-Qingshui, Bijiashanhe and Shenzhen-Hong Kong port economic belt.
The district’s main pillar industries involve the financial industry, commerce service industries and commerce, and its characteristic enterprises include those in the cultural creative sector, the jewelry sector and strategic emerging industries.
The government will provide more subsidy to promote industrial upgrading, start-up business development, technological research and development, and it will make bigger efforts to attract investment and improve its business environment, and services.
Over the past five years, Luohu has provided 51.3 hectares of land for industrial and commercial projects.
Covering 3.9% of the land area of Shenzhen, the district contributes nearly 9% of Shenzhen’s gross domestic product, and, with 7.9% of the city’s population, its consumption accounts for 14.1% of the city’s total.