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City inks big tech contracts


EIGHT enterprises inked deals totaling 8 billion yuan (US$1.3 billion) with Invest Shenzhen to set up headquarters or high-tech research centers in the city at a Monday signing ceremony during this year's China Hi-Tech Fair.

Two hundred representatives from 150 enterprises or institutions attended the ceremony.

SK Group, the third-largest conglomerate in South Korea, will set up its China headquarters in Shenzhen, and China Certification Inspection Co. will set up its regional headquarters here.

Three companies - including Feishang Group and Hwa Create Corp. - will set up high-tech research centers in the city, while three financial institutions - including Morgan Stanley and HK Ever Success Inc. - will set up local financial service offices.

Shenzhen high-tech parks also signed deals totaling 4 billion yuan with more than 20 enterprises in fields including high-tech manufacturing, biological medicine and Internet development.

The cooperative projects include a joint lab that will link Shenzhen Zhigao Telecommunications with IBM and the research and development arm of SonoScape Technologies Co.

The total value of high-tech products with ties to Shenzhen reached 1.29 trillion yuan in 2012. Products with local intellectual property rights accounted for 61 percent of that total. Local research and development efforts accounted for 3.8 percent of the city's GDP, the top figure among cities nationwide.

Shenzhen Hi-tech Industrial Park contributed 486 billion yuan in industrial production last year. The city has 84 public listed companies and seven companies with annual production values of more than 10 billion yuan.

Source:Shenzhen Daily

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