LINE

Text:AAAPrint
Business

Chinese innovation hub sees surge in overseas-funded firms

1
2018-02-25 09:37:09Xinhua Li Yan ECNS App Download

Shenzhen, a city emerging as China's leading innovation hub, saw the arrival of many new overseas-funded companies last year, local authorities said on Saturday.

More than 11,000 such firms, including many with investment from Hong Kong, were registered in Shenzhen last year, nearly twice the number in 2016, according to Shenzhen enterprise registration bureau.

Shenzhen in Guangdong Province has transformed from a tiny fishing enclave in the 1970s to one of China's most flourishing cities filled with successful tech companies and startups.

The growth of overseas investment is partly the result of the Hong Kong-Zhuhai-Macao Bridge, which is not yet in operation. The bridge will link cities in the Pearl River Delta, including Shenzhen, when it opens.

The number of new firms in Shenzhen surpassed 362,000 in 2017, around 1,000 new firms each day.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.