Home > National Development Zone > News Update > News Update
 

Guangzhou ETDZ Invited Investments in Hong Kong and Entered 15 Agreements with an Intent Gross Investment of 560 Million Dollars

2008-04-22

Guangzhou ETDZ and Luogang District brought 4 key cooperation projects including the new town of Luogang to Hong Kong to attract investments, and signed 15 investment cooperation agreements that covered areas of service outsourcing , banking ,logistics , exhibition , industrial design , cartoon etc ,with a total intend investment of 560 million dollars . 

The investors included big names such as Messe Frankfurt of Germany.  It was the first time for the Germany company to set up a cooperative exhibition company in China . AC Nielsen , the biggest consulting firm in the world will set up a market research company in the ETDZ . VASTO and Matsunichi Telecom will establish their China headquarters in the zone while HP will build a software outsourcing service center with its biggest Chinese copartner Dazhan Company in the zone , the first phase of which would be completed within 12 to 18 months. 

Xue Xiaofeng , Standing Member of Guangzhou CPC Committee , Chief of the Management Committee of Guangzhou ETDZ and Secretary of the Party Committee of Luogang District expressed on the promotion that Guangzhou ETDZ's economic benefit ranked the first among all the national ETDZs in China .  Over 2500 foreign-invested companies have been established in the zone including 101 Fortune 500 companies. 

It was the first time for Guangzhou ETDZ to hold promotion on modern service industry.  According to authorities of the ETDZ , Guangzhou Bonded Logistic Park is the only one of its kind that connected the zone and Hong Kong , the main business of which will be international transshipment, purchase , entrepot trade and other services , aiming at building itself into a modern logistic base in Zhujiang Delta . The park is expected pass the national examination by August and then start operation. 

 


 
    
¡¾Close¡¿