Industrial News
Banks approve delayed mortgage payments |
2022-04-11
Consumers affected by the pandemic can apply to delay mortgage payments, Shenzhen Special Zone Daily said yesterday, quoting sources from banks.During the validity period of delayed payments, the mortgagees won’t be listed into the untrustworthy list and consumers’ personal credit will be protected, according to Bank of China Shenzhen Branch.In a response, the Shenzhen Branch of Construction Bank of China said it would follow the pol
SZ to offer rewards up to ￥50M to financial HQ firms |
2022-04-08
Shenzhen will offer a one-off reward of up to 50 million yuan (US$7.8 million) to financial enterprises that newly register headquarters in the city, an official from the city’s local financial regulatory bureau said at a press conference held at the Civic Center in Futian District on Thursday.The policy is part of a new set of monetary incentives the city has rolled out to push forward the high-quality development of the city’s fina
City aims to build intl. VC center |
2022-04-08
Shenzhen has rolled out a raft of measures to advance the sustainable and high-quality development of venture capital (VC) investing and build the city into an international VC center, with the measures effective Thursday and valid for five years.The city is offering a reward of 5 million yuan (US$785,500) to the management company of a newly established or relocated private equity (PE) and VC firm if it has invested a total of 400 m
SZ offers up to ￥6M in subsidies to outstanding talents |
2022-04-07
Shenzhen has revised its rules for the payment of subsidies to high-level talents, which became effective recently, Shenzhen Special Zone Daily reported yesterday.According to the revised rules, high-level talents refer to outstanding talents, national and local leading talents, reserve talents and overseas talents recognized by Shenzhen after March 23, 2016.The amount of subsidies provided for high-level talents remains unchanged. O
Impact of lockdown on supply chains ‘limited and controllable’ |
2022-04-06
The recent weeklong lockdown in Shenzhen, a major export hub, fueled concerns about further strained global supply chains. Those worries were unfounded, as industry insiders and experts told Shenzhen Daily.Facing severe pandemic flare-ups, the city put most residents into “slow living” from March 14 to 20 to contain the spread of the virus. Although the anti-pandemic measures inevitably affected goods flows, the government and compan
Qianhai rolls out 22 measures to help hard-hit firms |
2022-04-01
The Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone on Tuesday rolled out 22 measures to help companies in the area lessen their burdens due to the pandemic and safeguard the stability of local industrial and supply chains.According to the measures, the office rent costs for Qianhai-based companies will be significantly reduced. For small and micro enterprises, individual businesses and private no
City keeps smooth flow of global supply chains |
2022-04-01
The world’s largest container vessel, Ever Ace of Evergreen Marine Corp., loaded with made-in-China products, departed on its maiden voyage to Europe from Shenzhen’s Yantian Port on Wednesday.As a super vessel with a capacity of 24,000 TEUs (twenty-foot equivalent units), its deck is four times the size of a standard football pitch, and its containers can line up the distance between Shenzhen and Guangzhou.In March, ocean freight thr
Government measures have multiplier effect on Shenzhen economy: professor |
2022-03-31
The measures recently issued by the Shenzhen Municipal Government to help businesses affected by COVID-19 will play a positive role in boosting the real economy, Shenzhen Special Zone Daily reported, citing Professor Wang Pengfei, dean of Peking University HSBC Business School (PHBS).Wang told the Daily that Shenzhen is expected to recover its normal high-growth economy stimulated by the measures’ multiplier effect.“Shenzhen has impl
Relief measures benefit‘small giant’ enterprise |
2022-03-31
The government’s relief measures released during the recent COVID resurgence have substantially helped local small and medium-sized enterprises like Shenzhen MemsFrontier Electronics Co. Ltd., which has grown into a leading enterprise in niche markets.The company, established in 2015 in Guangming District, was accredited as one of the 169 “small giant” enterprises in Shenzhen by the Ministry of Industry and Information Technology in
SZ economy sees growth in first two months |
2022-03-29
Shenzhen's main economic indicators maintained growth in the first two months of this year, according to the latest data released Saturday by the Shenzhen Municipal Bureau of Statistics.Among the indicators, the added value of industries above designated size increased by 1.2% year on year.In terms of industry categories, the added value of mining and manufacturing increased by 19.7% and 0.7% respectively, while the production an