Shenzhen has offered 13 square kilometers of new land parcels for investment, a move that the government said was aimed at attracting investment and stabilizing business as well as benefiting and assisting enterprises.
It was announced at a promotion conference Thursday, which attracted over 100 large domestic and foreign firms.
To provide much-needed developable land for investors, Shenzhen has combed through 70 land parcels throughout the city, with a total area of about 100 square kilometers.
Shenzhen Party chief Meng Fanli and Mayor Qin Weizhong attended the conference.
According of Meng, Shenzhen is working to create a market-oriented, law-based, and internationalized first-class business environment and striving to ensure that various high-quality projects can be developed quickly in the city.
In his speech, Qin said that Shenzhen has always regarded enterprises as valuable resources for high-quality development. The city is accelerating the development of land parcels to provide high-quality, abundant space for enterprises to invest, develop, innovate, and thrive.
The first batch of land parcels unveiled at the conference has superior geographical conditions. These land parcels are all located in key development areas, such as 22 city-level key areas, 40 headquarters economic clusters, and 20 advanced manufacturing parks. They are designated for R&D, industrial, residential, and commercial use.
Pingshan, Longgang, and Guangming districts offer the largest land parcels. Pingshan is providing five land parcels totaling 307 hectares. Longgang is offering six land parcels with 272 hectares. Guangming is providing seven land parcels with 175 hectares. Bao'an and Longhua districts are each offering over 110 hectares of land.
Additionally, Qianhai is offering three land parcels with an area of 59 hectares. Futian, Luohu, Yantian, and Nanshan districts are offering a total land area of 186 hectares. Dapeng New Area and Shenshan Special Cooperation Zone are providing 65 hectares and 56 hectares, respectively.
According to Ray Wu, managing director of Savills Shenzhen, Shenzhen's strategic initiative to allocate high-quality land parcels for investment reflects the initial success of the city's recent endeavors in land development and preparation. Moreover, it underscores the city government's commitment to enticing investors and bolster business growth.
"Premier land parcels boasting diverse functionalities open the door to a wealth of investment opportunities for enterprises," Wu said.
"These parcels not only facilitate excellent enterprises in developing new quality productive forces, but also draw medium to long-term incremental capital investments to Shenzhen. This, in turn, enhances the city's competitiveness," Wu said.