Investment Mode

There are 736 projects involving foreign direct investment each exceeding US$ 10 million, 109 projects each exceeding US$ 30 million and 18 projects each exceeding US$ 100 million. FDI has contributed to the operation of 17.361 business items involving a contractual investment volume of US$ 26.4 billion and a realized value of US$ 13.8 billion. Shenzhen is home to 58 out of the top 500 foreign invested enterprises in China. 11 out of the nation¡¦s top 50 enterprises have set up businesses including Epson Engineering (SZ) Ltd., Ricoh Industry (SZ) Ltd., and Huaqiang Sanyo Electronics Ltd.. Along with a large influx of FDI, foreign financial institutions are mushrooming in Shenzhen, a total of 55 to be exact. They include such financial consortia as SHBC, Sanwa Bank, Bank of Tokyo-Mitsubishi, Societe Generale de France, Banque Nationale de Paris, Standard & Chartered Bank, and Citibank. Foreign investment covers a wide range of industries such as electronics, foodstuffs, textile and garments, pharmaceuticals, metals and plastics, real estate, finance, transport and catering business. The respective share of paid-in foreign investment in the primary, secondary and tertiary industries is 0.2%,63.77% and 36.5%. Foreign invested operations enjoy excellent performance and handsome returns. Many enterprises follow in each other¡¦s footsteps in augmenting investments and expanding businesses. 1999 saw 355 foreign invested companies putting in incremental capital with a contractual volume of US $ 631 million, which accounted for 46.1% of the pledged amount of FDI. Among the 30 projects each involving a follow-up investment of US $ 5 million or above, 17 items had US $ 10 million each to its credit with a contractual additional investment of US $ 379 million from the foreign party. Foreign investment plays a pivotal role in the local economy. In 1999 the industrial segment of foreign invested operations accounted for 78.2% of the city's total value of industrial output and 53.6% of its total volume of export. Multi National Corporations Multinational corporations are flocking to Shenzhen. Over 100MNCs have joined in the local economic growth by identifying 180 projects. Listed among the top 500 in 1999 are IBM, Dupont, DEC, Lucent Technologies, Microsoft, Dow, Emerson, Compaq, HP, Intel, Atlantic Richfield and Amercian Intel from the US, Toppan Printing, Nichmen, Hitachi, Sanyo, Mitsui, Ricoh, Mitsubishi, National, Dai Nichmen, Marubeni, Fujitsu, and Komatu from Japan, Shell Oil from Holland and Britain, Samsung Electric of Korea, Philips of Holland. Siemens of Germany, and ABB of Switzerland and the Canadian Nortel.