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Zengcheng District, Guangzhou

Zengcheng District, Guangzhou

Research Report on the Investment Environment of Zengcheng ,

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© 2020. For information, contact Deloitte China. U N rban Ci By Car Travel rcl W E e o Preface f G 30min Guangzhou u Zengcheng an S 40km Downtown gd o n g 50min Guangzhou Baiyun -H Zengcheng o 60km International Airport n Located in the core area of the -- At a time of new opportunities, Deloitte China (hereinafter g

Macau Greater Bay Area, Zengcheng District enjoys “Deloitte” or “we”) is honored with the request from K o a premium location advantage as a junction of the Zengcheng District Government to develop this Research 50min Bao’an n Zengcheng Guangzhou-Shenzhen-Hong Kong- Science and Report on the Investment Environment of Zengcheng District, g 70km International Airport - Technology Corridor. In recent years, giving full play to its Guangzhou for investors from an objective third-party M role as a key transportation hub in the Greater Bay Area, perspective using specialized research and analysis a the District has strived to establish a multi-dimensional methodologies. c a 2h modern transportation system of the sea, land and air to In addition to information and data on the economic u Zengcheng Hong Kong 140km promote the efficient flow of resources within the region. and industrial development of Zengcheng District, this G Home to two national platforms – the Zengcheng Report also includes views and insights obtained through r e Economic and Technological Development Zone and the interviews with various officials and a 2h National Qiao Meng , an overseas-Chinese-invested companies’ management, combined with Deloitte’s rich t Zengcheng Macau e 145km industry cluster, Zengcheng plays a significant part in experience in the research of investment environment r Guangzhou Baiyun the development of the Greater Bay Area, and aims to and industry development, to present a comprehensive B International Airport achieve an optimized industry structure following the overview of the investment environment in Zengcheng a th innovation-driven development strategy. During the 13 from the following five aspects: y

Five-Year Plan period, the District has made constant • Government policies and services Zengcheng A By High-speed Railway

r

efforts to consolidate its industry foundation and further • Business environment Zhuang autonomous region Guangzhou District e

develop advanced manufacturing and modern services • Infrastructure a Zengcheng 8h Beijing centering on three RMB 100-billion-worth industry • Human resources clusters, thus forming a high-end modern industry • Living environment Shadi Airport Huizhou Pingtan Airport system featuring high technologies and high-quality The Report also analyzes the development planning products and services. In addition, Zengcheng has of Zengcheng District and featured services provided Foshan 5.5h taken advantage of its rich resources and solid industry by competent authorities, presenting insights into its Zengcheng Shanghai foundation to promote the integrated industry and advantages in investment environment and development Shenzhen Bao’an urban development. As a result, a new industry layout prospects, specifically: International Airport has been put into place, which features the coordinated • Premium geographic location and favorable business development of the central and southern Zengcheng and living conditions Zengcheng 4h and the eco-friendly development of its northern part, • Targeted government policies and efficient administrative Shenzhen matching the function positioning and development services level of each area. • Solid industry foundation and clustered innovation Hong Kong--Macau As China steps into a new era of development, Zengcheng elements Bridge Zhuhai By Metro District, which lies in the innovation highland of the This Report aims to provide a practical reference for Hong Kong Guangdong-Hong Kong-Macau Greater Bay Area, will take your business investment and operation in Zengcheng Hong Kong Macau International Airport full advantage of the new growth points in the advanced District, and to inspire further discussions and research. 50min Zhujiang manufacturing industry and the overflow of innovation Zengcheng We are grateful for all attention and support given during Macau International Airport New elements from Hong Kong, Macau, Shenzhen and the preparation of this Report from various government Guangzhou to further upgrade regional industry value officials and local competent authorities. Special Zhuhai Jinwan Airport chain. Supported by key industry platforms and leading appreciation is also extended to Zengcheng District enterprises within the region, the District is capitalizing on Government for providing and compiling necessary By Urban Rail multiple opportunities of the Greater Bay Area to achieve data and information and arranging for interviews in the all-round leaping economic growth, shifting from “Made research process, and to all local government authorities 10min in Zengcheng” to “Innovated in Zengcheng”, “Created in and companies participating in the in-depth interviews for Zengcheng Dongguan Zengcheng” and “Serviced by Zengcheng” . their insightful perspectives and observations.

Guangzhou Baiyun Zengcheng 30min International Airport Zengcheng District, Guangzhou Legend Shenzhen Bao’an Zengcheng 50min High-speed Railway International Airport Railway Expressway Contents

Chapter I Overview of Zengcheng District ������������������������������������ 2 A Glance at Zengcheng District Local Economy

Chapter II Government Policies and Services ������������������������������� 6 Transparent and Targeted Government Policies Innovative and Efficient GovernmentServices

Chapter III Business Environment...... 11 Three RMB 100-Billion-Worth Industries Modern Services Major Industry Carriers Sci-Tech Innovation and Applications

Chapter IV Infrastructure...... 19 Industry Infrastructure and Supporting Facilities Transportation Network Commercial Facilities

Chapter V Human Resources...... 24

Chapter VI Living Environment...... 27 Education and Healthcare Urban Living Environment Cultural Landscapes

Chapter VII Summary and Prospect...... 33 Appendix...... 35 A Glance at Zengcheng District

Premium Location in the Greater Bay Area Continuously Optimized Business Environment Located at the heart of the economically vibrant In a bid to better satisfy the needs of enterprises and in Guangdong-Hong Kong-Macau Greater Bay Area1, line with the highest domestic and international standards, Zengcheng District serves as a critical hub of the city Zengcheng has introduced a range of new featured agglomeration and an integral part of the Guangzhou- measures, such as “020” business registration services and Shenzhen-Hong Kong Golden Corridor and the Guangzhou- “6028” real estate registration services. These practices, Shenzhen-Hong Kong-Macau Science and Technology renowned as “Zengcheng Model” that can be promoted Innovation Corridor. Based on diverse aviation and land widely, have streamlined approval procedures, improved transportation hubs and a well-constructed network of administrative efficiency, and reduced the costs of local expressways and railways within the District, Zengcheng is companies, leading to an international, facilitating, rule- stepping up efforts in building an intermodal transportation based business environment. The continuously optimized Chapter I system, to conveniently and efficiently connect with the business environment in turn has stimulated market vitality. surrounding cities and further strengthen the role of In 2019, the number of newly established market entities in Guangzhou as a powerhouse that offers radiating benefits the District increased by 6.93% over the previous year, higher to the Province, achieves coordinated than the average growth rate of -3.74% of the whole province, Overview of Zengcheng District development with Dongguan and Shenzhen, and drives the and the new registered capital increased by 406.89%. development of the eastern Guangdong. The Measures of Guangzhou Municipality on Fully Optimizing Leveraging the premium geographical location and the multi- Business Environment in line with the International Advanced dimensional transportation network, the District has been Level officially issued on January 1, 2020 marks that constantly enhancing the flow of essential factors within the District has entered the “Business Environment the region. It is taking advantage of the capital, technology, 3.0 Era”. Under the principle of better serving market industry and innovative factors from Hong Kong, Macau and entities, the District will continue to offer them intelligent, Shenzhen and synchronizing with Guangzhou in aspects such comprehensive and easily accessible services, to further as urban infrastructure, industry development and public pool high-end industry factors and resources and services, in a bid to initiatively integrate into the new pattern empower the high-quality development of the region. of synergistic development of the Greater Bay Area. Long History and Scenic Beauty Industry Clusters and “Double-wheeled” Zengcheng, which is named after the residence of immor- Development Pattern tals in the Kunlun Mountains in a Chinese mythological Zengcheng District is committed to building a modern story, was first established as a during the Jian’an industry system and pushing local industry clusters into period in the Eastern (approx. 201 AD). It is a new height. Supported by the National Economic and a historical and cultural town nurturing numerous poets Technological Development Zone, the National Qiao Meng and scholars, and the birthplace of Xiangu, a Chinese Yuan and the National Auto Parts Manufacturing Base, mythological figure and one of the in the the District continues to promote industry transformation Taoist pantheon. Steeped in the thousands-year-old Ling- and upgrading, with an aim of building three 100-billion- nan Culture, the District is demonstrating vigorous, open, worth industry clusters, namely automobiles and new friendly, innovative and green merits to the world. energy vehicles, next-generation information technology Home to the charming East Lake and juicy “Gualv (hanging and financial technology. Capitalizing on the existing green)” , Zengcheng is renowned as the “green industry base and resource advantages, the District has lung” of Guangzhou and the “Emerald Oasis” in the Pearl been promoting the advanced manufacturing towards the River Delta. Its beautiful ecological environment, especial- higher end of the industry chain and boosting the modern ly the picturesque scenery in over a thousand parks and services by attracting leading projects. Through the in- gardens abounding with lush trees and greenery, wel- depth integration of manufacturing and services, a “double- comes visitors from all over the world. wheeled” development pattern has been created, enabling the two sectors to extend industry chains and develop Titles & Highlights • National Urban-rural Integration Development Pilot Zone in a coordinated . In addition, the SDP • National Economic and Technological Development Zone 10.5-G 8K Displays Eco-Park has been established, making • Nominated as UN Harmonious City2 Guangzhou a world-leading center of displays production. • China’s Happiest City • China’s Best Leisure City • An Advanced County-level City for Financial Ecology De- velopment • An Advanced County-level City for Scientific and Techno- logical Progress • National Auto Parts Manufacturing Base

Note: 1. Guangdong-Hong Kong-Macau Greater Bay Area refers to a city agglomeration comprised of the special administrative regions of Hong Kong and Macau, and nine cities in Guangdong Province, namely Guangzhou, Shenzhen, Foshan, Dongguan, Huizhou, Zhuhai, Zhongshan, Jiangmen, and Zhaoqing. 2. Zengcheng was a county-level city under the jurisdiction of Guangzhou from 1993 to 2014.

2 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 3 Local Economy Local Economy (Continued)

Economic Development at Steady Pace Accelerated Assets Investment Growth Burgeoning Import and Export Trade A More Dynamic Market Zengcheng has maintained a buoyant economic in recent Benefited from the further development of the In recent years, Zengcheng District has actively taken part Over the years, Zengcheng has been committed to years. In 2019, the District’s GDP increased by 6.5% on Guangdong-Hong Kong-Macau Greater Bay Area, in the and the Greater Bay Area creating a better business environment. Leveraging its a year-on-year basis to RMB 101.05 billion1, of which Zengcheng has risen as an attractive investment development to increase its import and export trade strategic location and the opportunities brought by the the tertiary industry expanded by 10.3% and recorded destination for more and more key projects. The Foxconn volume. In 2019, the District registered a year-on-year Greater Bay Area development, the District introduced a RMB 55.68 billion in value added. In the same year, the SDP 10.5-G 8K Displays Eco-Park recorded a total increase of 41.02% in the total volumes of import and wide range of industry-leading companies and projects, District’s fiscal revenues reached RMB 59.07 billion, in investment of RMB 61 billion, the biggest single infusion export trade to RMB 43.59 billion, with the import value such as the Foxconn SDP 10.5-G 8K Displays Eco-Park, which the general public budget revenue grew by 11.14% of capital for advanced manufacturing projects since the increasing by 218.82% to RMB 20.85 billion. Base of China Automotive Technology and to RMB 10.58 billion, showing a strong fiscal position. reform and opening-up of Guangzhou. Research Center, Ping An (Zengcheng) Technology Silicon With a steady progress in competitiveness, Zengcheng Driven by key projects, the District has witnessed a continuous Valley, and Visionox. ranked 17th among Top 100 for Comprehensive speedy growth in fixed assets investment. In 2019, the With a view to developing an advanced manufacturing Strength and 30th among Top 100 Districts for fixed assets investment in Zengcheng amounted to RMB base with established industry chains, the District has Investment Potential in China in 2019. 121.3 billion, up by 20.79% over 2018, the largest increase made accelerated efforts in attracting targeted foreign th Import Since the beginning of the 13 Five-Year Plan period, among all districts in Guangzhou. It boasts a compound RMB RMB investments made by leading enterprises and landmark Zengcheng has been transforming its growth model with annual growth rate of 29.4% over the past five years. 20.85 billion 22.73 billion projects. Since 2016, Zengcheng has introduced more a focus on sci-tech innovation, and optimizing its industry Export than 350 industry projects, with a total investment structure from “secondary, tertiary, primary industry” Fixed Assets Investment and Growth Rate in amount estimated at over RMB 270 billion. towards “tertiary, secondary, primary industry” (in the Zengcheng (2014–2019) order of the proportion of contribution to GDP, from (In RMB Billion) Market 166,182 highest to lowest). In 2019, the ratio of primary-secondary- Entities Up 13.17% 33.0% tertiary industries recorded at 5.36 : 39.54 : 55.10. 31.1% 31.0% Sound and Speedy Industrial & Economic Upgraded Consumer Market 20.8% In 2019, the total retail sales of consumer goods in New Newly Development 28,900 RMB 153.05 billion 18.5% Market Registered In 2019, the overall output of Zengcheng’s industrial Zengcheng grew 10.6% year on year to RMB 41.04 billion, Up 6.93% Up 406.89% 13.5% Entities Capital enterprises increased by 3.81% to RMB 137.96 billion, among maintaining the fastest growth rate in Guangzhou. In the which industrial enterprises with an annual revenue of RMB same year, the District secured an upward momentum in 33.4 39.6 52.6 69.0 100.5 121.3 The District has seen a steady growth in foreign investment 20 million or more increased by 4% to RMB 113.38 billion. disposable personal income which reached RMB 46,861 for urban residents and RMB 23,726 for rural residents, up 8.4% volume, as the local government keeps up efforts to attract In recent years, Zengcheng has endeavored to bring in 2014 2015 2016 2017 2018 2019 and 11.1% respectively compared with the previous year. foreign investors. Up to now, Zengcheng is home to five Top industrial projects to drive forward the real economy 100 enterprises and foreign-invested enterprises from 45 and promote the transformation and upgrading of As the sales of consumer goods continue to grow, new General countries and regions. manufacturing. Local automobile and parts manufacturers equipment consumption patterns arise, showing great potential Electrical machinery and rd have started to set foot in R&D and producing new equipment manufacturing in purchasing power. In 2018, Zengcheng ranked 3 in manufacturing energy and intelligent connected vehicles. The electronic terms of purchasing power among all Chinese . In 83 new foreign-invested Special 39.09% enterprises in 2019 information technology industry has seen key technological Pharmaceutical 2019, the total retail sales of consumer goods generated equipment 25.32% breakthroughs led by top enterprises and institutions such manufacturing manufacturing by businesses above a designated size reached RMB 8.86 as SDP, Visionox and CEPREI (China Electronic Product billion, up by 23.36% over 2018. Reliability and Environmental Research Institute). 15.67% 41.72% RMB 646-million contractual foreign Total Retail Sales of Consumer Goods in investments in 2019, a year-on-year In addition, Zengcheng’s structural adjustment has increase of 31.57% achieved remarkable results. The hi-tech manufacturing 11.38% Growth Rate of Zengcheng (2014–2019) 41.04 industries including pharmaceuticals, general equipment, Computer, Hi-tech (In RMB Billion) communications, Manufacturing 37.10 electrical machinery and equipment have witnessed a and other electronic 33.70 33.68 Major Business Players in Zengcheng growth rate over 25%. The total output value of textile and equipment manufacturing 30.15 30.08 BAIC Guangzhou other lower-end industries has further declined. GAC Honda China Huadian Automotive Wanda Piano Cedar Holdings

Ping An Insurance Alibaba SOFIER

SDP BORCHE Fuyao Glass

AEON HITACHI DENSO

TS-GSK Visionox Copper 2014 2015 2016 2017 2018 2019

Note: 1. Unless otherwise expressly stated, all currencies are reported in RMB in this report. Source: 1. Statistical Communiqué of Zengcheng District (2018); 2. Official website of Zengcheng District Government Source: 1. Statistical Communiqué of Zengcheng District (2013–2018); 2. Official website of Zengcheng District Government

4 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 5 Transparent and Targeted Government Policies for Industry Development

As part of the efforts to further optimize its industry structure and facilitate innovation, opening-up and cooperation, Zengcheng District has rolled out a series of policies to boost industry development, sci-tech innovation and talent support, creating a favorable environment for investment and healthy development of local enterprises.

Optimizing Policy System to Support Key Industries in order to reduce the burden of micro and small The District is dedicated to building a modern industry enterprises (MSEs); and encouraging financial institutions system by facilitating industry transformation and to make tailored financing schemes for “high and new” developing new driving force for economic growth. It is enterprises3, including offering subsidized loans to those focusing on developing IAB and NEM1 industries and has with strong growth potential. launched targeted policies for key sectors, such as new Furthering Opening-up to Attract Foreign Investment displays, integrated circuits, biopharmaceuticals, high-end To open up further to the outside world, Zengcheng Chapter II services and IT innovation. It has set up special service District has released ten policies aiming at intensifying windows in the District Government Service Center to support and services for foreign investment, as a way make these favorable policies more accessible. Thanks to attract more foreign-funded projects in advanced to these efforts, the District has embraced a synergistic manufacturing, strategic emerging industries, modern Government Policies and Services mechanism covering industry park planning, industry services and crucial infrastructure. Foreign-funded projects policies, enterprise services and project-launch support, which settle down in Zengcheng are entitled to a reward accelerating the development of key projects. of up to RMB 20 million, and foreign-invested enterprises Supporting Corporate Expansion and Growth that expand investment and production are entitled to a In a bid to increase core competence of local enterprises, reward of up to RMB 20 million (the total rewards a project the District grants a package of subsidies and rewards received are capped at RMB 30 million). In addition, key to encourage the expansion and growth of companies, projects of Fortune 500 companies and global leading including subsidies to qualified modern service and companies can receive project-specific support. advanced manufacturing enterprises in proportion to the Promoting the Development of Commercial Services increased amount in their investment and annual revenue; To boost the scale of commercial services, Zengcheng has subsidies to qualified listed enterprises introduced and set up earmarked funds and built a policy system comprised incubated by the National Qiao Meng Yuan (a maximum of of one Measure and three Detailed Rules. It supports RMB 6 million) and listed enterprises securing refinancing commercial services from six aspects, such as accelerating and investing no less than RMB 50 million to local projects (a the development of key enterprises and growing enterprises. maximum of RMB 1 million); and rewards to those merging Besides, a package of rewards has been in place: Key and acquiring non-local enterprises which have an annual retailing, wholesale and service enterprises are entitled to revenue of RMB 100 million and re-register in Zengcheng. a reward of up to RMB 50 million, and key accommodation Reducing Business Financing Cost and catering enterprises up to RMB 30 million; excellent The District has pushed forward transformation of commercial service enterprises which register or re-register local state-owned enterprises to form four groups in Zengcheng are entitled to a reward in proportion (70%- specializing in urban development, industry investment, 100%) to their contribution to local economic development; assets operation and financial services respectively, and major projects can receive tailored support. thus strengthening the corresponding functions of Attracting More Investment to Boost Development the District government. It has collected and analyzed To bolster high-quality economic growth and attract financing products with the support of industry-finance advanced projects, the District offers a reward of matching platforms to help local enterprises improve up to RMB 3 million to those key projects settled financing price negotiation capacities. It has also guided down. In particular, qualified enterprises in advanced local enterprises to issue bonds in line with corporate manufacturing are entitled to a reward in proportion demands to optimize their financial structure. to their paid-in register capital, and major projects can In addition, the District has launched a range of measures receive tailored support. to reduce business financing cost: Encouraging qualified listed enterprises to adopt equity financing, so as to increase the ratio of direct financing; requiring bank and financial institutions to follow the “three-prohibition” principle2 when enterprises apply for renew loans,

Note: 1. IAB refers to information technology, artificial intelligence and biopharmaceutical industries, and NEM stands for new energy and new material industries. 2. The “three-prohibition” principle refers to no refusal of loan renewal application submitted by MSEs that have sound credit conditions; no inconsistent funding support to qualified MSEs and no change for their risk categories. 3. “High and new” enterprises refer to high-tech and/or high growth enterprises, or those with new technologies, new business forms and/or new business models, or involved in new industries. Source: 1. Zengcheng Bureau of Science and Technology, Industry, Commerce and Information; 2. Official website of Zengcheng District Government

6 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 7 Transparent and Targeted Government Transparent and Targeted Government Policies for Sci-Tech Innovation Policies for Talent Development

Over the recent years, Zengcheng District has brought forward Protecting Intellectual Properties To attract and recruit more targeted professionals, Zengcheng District has issued a range of policies in support of talent diversified supportive measures, such as rolling out sci-tech development, including subsidies, financial rewards and housing allowance, as part of its efforts to build a strong talent Attaching great importance to intellectual property innovation funds, improving reward and subsidy system for sci- pool with professionals of different levels, thus providing abundant intellectual resources for local enterprises. protection, Zengcheng District supports local tech innovation enterprises, fostering high-tech enterprises enterprises to apply for national, provincial, and Talent Attraction Policies incubators, and promoting sci-tech outcome transformation, municipal intellectual property projects. Subsidies A series of policies have been launched to support talented professionals including those engaged in innovation and to create a favorable environment for sci-tech innovation and up to RMB 5 million are granted to projects funded entrepreneurship, high-caliber experts and post-doctoral fellows in forms such as project and living subsidies and children boost the District’s innovation capability. by national, provincial or municipal intellectual education allowance, which have proven to be effective in boosting talent vitality of the District. Rewards for Innovative Entities property departments. A one-time reward of up Talent Attraction Policies of Zengcheng District (non-exhaustive) to RMB 100,000 is granted to intellectual property To kindle greater passion in sci-tech innovation, Zengcheng, demonstration enterprises in the District. based on its improved reward and subsidy system, has provide Categories Beneficiaries Policies R&D expenditure support for research institutes that are Facilitating Technology Commercialization Such teams will be provided with a subsidy of up to RMB 6 million for their involved in developing major technologies or that have made projects and talent attraction programs, and will be entitled to rent exemp- To propel the transformation of technological tion of business premises and staff apartments and financial rewards ac- Leading startup teams world-leading technological achievements. outcomes achieved by talented professionals cording to their contributions to the local economy. in higher education institutions and research Entrepreneurial Newly-introduced top startup teams will be granted with a funding support Selected Incentive Policies for Sci-Tech Innovation in programs of up to RMB 100 million for their projects. institutes, the District government offers financial Zengcheng District supports including direct funding and discounted Projects established in the Such projects will be entitled to a subsidy for business start-up and a three- Dream Incubator of Overseas year rent exemption for business premises (200–500 m2). loans to facilitate collaboration among enterprises, Projects Rewards/Subsidies Chinese Key projects will enjoy customized supporting policies. higher education institutions, and research A reward of RMB 10 million (for nationally Such teams will be entitled to multiple supports including a subsidy of up to institutes, and encourage enterprise to put R&D Innovation pro- RMB 4 million for their projects and talent attraction programs, rent exemp- recognized entities), RMB 5 million (for Leading innovation teams provincially recognized entities), and RMB 3 achievements of domestic and international grams tion of apartments and financial rewards according to their contributions to million (for municipally recognized entities) organizations into industry use in Zengcheng. the local economy. Key laboratories, An annual reward of up to RMB 20 million Talent attraction pro- innovative R&D Supporting Incubators and Startups Leading teams engaged in for no more than 3 years granted to an grams for innovation institutes, SME innovation and A subsidy of RMB 1 million and other policy supports will be offered. institution providing technological services and entrepreneur- demonstrative platforms To promote sci-tech enterprise incubation, entrepreneurship services in local markets ship services for public technological Zengcheng has made great efforts to support These experts will be entitled to a contribution reward of up to RMB 10 million, services A subsidy equaling to 40% of the institution’s the building of incubators of various kinds, 2 Talent attrac- Top-notch foreign experts children education allowance of up to RMB 1 million, and exemption of a 300-m fixed assets, up to RMB 20 million; up to including providing sufficient financial support. 2 2 tion programs apartment rent and a three-year business premises (1000 m maximum) rent. 2,000 m of free venue support for no 2 Newly recognized district-level, municipal-level (high-caliber more than 5 years, and up to 5,000 m for These professionals will be entitled to a contribution reward of up to RMB 2 mil- experts) institutions above the provincial level and national-level incubators as well as national Leading Chinese professionals lion, children education allowance of up to RMB 200,000, and exemption of a 150- 2 2 incubator cultivating organizations are entitled to m apartment rent and a three-year business premises (200 m maximum) rent. High-tech enterprises A total of rewards of up to RMB 4 million one-time awards of RMB 150,000, 500,000, 1 million, Workstations that recruit lead- ing experts and academicians Accredited state-level and provincial-level workstations recruiting leading ex- and 2 million respectively. Incubators dedicated to Expert worksta- Nation-level sci-tech An additional grant provided at 100% of the from CAS (Chinese Academy perts and academicians from CAS and CAE will be given a funding support of tions programs projects national-level funding, up to RMB 5 million serving Guangdong, Hong Kong, Macau and of Sciences) and CAE (Chinese up to RMB 1.5 million and RMB 1 million respectively. sci-tech enterprises, and those dedicated to serving Academy of Engineering) Provincial-level sci-tech An additional grant provided at 70% of the international sci-tech enterprises, if recognized by Talent attrac- Newly-established post-doctoral workstations and bases will be provided with projects provincial-level funding, up to RMB 3 million Guangdong Provincial Government, are eligible for a tion programs a funding support of RMB 500,000 and RMB 300,000 respectively; Post-doc- Post-doctoral fellows one-time award of RMB 300,000. (post-doctoral toral station fellows will be entitled to a funding support of RMB 100,000 for Municipal-level sci-tech An additional grant provided at 50% of the fellows) launching research projects and a living subsidy of RMB 100,000 per year. projects municipal-level funding, up to RMB 1 million Enabling Services for Talent Projects that have Zengcheng has been committed to building an all-round talent service system by improving service quality, expanding received the National Science and Technology An incentive package at an amount equiv- service networks, and incorporating more resources. Progress Award or alent to the national or provincial-level Guangdong Science and reward Expanding Service Networks for High-caliber Profession- Building a Well-established Service Supply Chain Cover- Technology Progress als: Great efforts have been made to improve talent service ing Administrative, Entrepreneur and Living Services: Ze- Award capacities, including launching a “1+4+14” talent service plat- ngcheng is working on delivering comprehensive services to form; building talent service stations based on CPC service professionals of different levels, by standardizing the working National engineering centers in local communities; establishing top-level talent mechanisms of dedicated service staff and legal service research centers and service stations and associations; promoting the efficient op- teams for top-tier experts and issuing Diamond credit cards One-time subsidy of RMB 3 million national engineering eration of the Zengcheng Branch of Guangdong Dr. Council dedicated to leading experts and VIP credit cards to doctor- laboratories for the Promotion of Innovation and Development. ate holders in cooperation with financial institutions.

Municipal corporate R&D Note 1: The “1+4+14” talent service platform is composed of 4 top-level talent service stations and 14 dedicated windows for one-stop services under the A subsidy of RMB 400,000 institutions guidance of one center – the Organization Department of the CPC District Committee. Source: 1. Measures on Talent Rewards and Support in Zengcheng District, Guangzhou City (Interim); 2. Management and Implementation Measures on Supporting the Building of Academician and Expert Workstations in Zengcheng District, Guangzhou City (Interim); 3. Implementation Measures on the Management of Post- Source: 1. Zengcheng Bureau of Science and Technology, Industry, Commerce and Information; 2. Official website of Zengcheng District Government doctoral Fellows in Zengcheng District, Guangzhou City (Interim); 4. Implementation Measures on Issuing Diamond Credit Cards Dedicated to High-caliber Experts in Zengcheng District, Guangzhou City

8 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 9 Innovative and Efficient Government Services

To follow the reform measures of “streamlining administration, delegating more powers to lower-level governments and optimizing government services”, Zengcheng District has innovatively optimized the government services by standardizing service management, simplifying administrative approval process and improving administrative efficiency. These efforts have improved the satisfaction of local companies and contributed to a market-oriented and law-based environment favorable for international businesses. One-stop Service Center “All Services Provided at One Time at One Window in One Hall”: The District is making positive changes to its public service halls, aiming to let all companies and citizens that need administrative services can have them done at one time in one hall. • All services are available in one single hall: Except special ones, 1,516 types of administrative services are accessible to the general public in one single hall; • All services can be addressed at one window: A “one window” service model has been fully rolled out to relieve applicants Chapter III from the trouble of going to different windows; • All services can be addressed at one time: With free two-way delivery services, applicants can receive or send materials without taking a trip to the hall themselves. Improved Efficiency of Government Services Business Environment Dedicated Service Staff for Key Enterprises: Dedicated staff are appointed to assist key enterprises in solving problems they come across in their projects and development. Widening Use of Electronic Certificates: Zengcheng District has been promoting the use of electronic certificates to avoid repeated submission of documents, through five-pronged measures, i.e. managing all electronic certificates by cataloguing, setting up standards for electronic certificate catalogue registration, normalizing the process of electronic certificate issuance, immediately changing existing certificates into electronic ones, and making electronic certificate user-friendly. Upgraded Procedure of Project Review and Approval

Zengcheng District is proactively promoting the enterprise “2”- “0” commitment mechanism for project investment to optimize the document hour “0” fee 020 processing required application process for construction permits. It is the first district needed time in Guangzhou that has implemented measures of “three licenses “020” Services for Company Incorporation:The issued at one time” and “three measurements completed at one four steps of opening a company – business license time”, with the aim of improving administrative efficiency to better application, company stamps application, opening satisfy enterprises’ needs. Besides, the District issued the Notice company bank accounts and registration with the tax on Optimizing Approval Process of Project Planning and Construction, bureau – can be completed online or in person at one as part of its efforts to improve the service quality of construction window at one time. All of the 28 pieces of application project approval, establish an optimized and effective approval documents previously required are no longer needed, system and benefit the local business environment. no stamps fee, delivery fee or any other kinds of fees Enterprise Commitment Mechanism for Project Investment: Zeng- is charged, and the processing time is reduced from 6 cheng District is implementing a new approval system for construction working days to 2 hours. permits, which features a parallel review and approval mechanism and a commitment-based material submission mechanism, allowing qualified 28 businesses to start construction immediately after getting land as long 60-minute optimized 6028 processing registration as all documents can be submitted before the promised time. time services Three Licenses Issued at One Time: Written approvals for con- struction land use, construc- “6028” Services for Real Estate Registration: 28 tion land use permits and Written real estate registration services have been optimized Real Prop- real property ownership cer- Approval for Construc- erty Owner- and 33 registration services such as mortgage loan Construc- tion Land tificates can be issued at one ship Certifi- tion Land Use Permit registration and second-hand property transfer cate time within 5 working days, a Use registration can be addressed in as short as 60 significant reduction from the minutes. By the end of 2019, 87 types of documents previous 48 working days. for 45 registration services had been simplified. Three Measurements Completed at One Time: The measurements for Getting Electricity: New measures have been in place the acceptance of construction Measure- Measure- to offer companies more stable electricity supply and ment for planning and completed civil air ment for Ac- Measure- transparent application procedures, and reduce the Acceptance defense projects and for newly ceptance of ment for Real of Civil Air application processing time, application documents, Construction Properties built real properties used to take Defense Planning costs and expenditures. No paper document submission, Projects 49 working days, but now can be approval or investment in advance is needed. completed in 24 working days. Source: 1. Zengcheng Government Affairs Data Administration

10 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 11 Three RMB 100-Billion-Worth Industries – Three RMB 100-Billion-Worth Industries – Automobile New-generation Information Technology

Zengcheng District, well-known as a South China auto industry hub, boasts a complete industry chain for both automobiles and parts. As the global auto industry moves towards intelligent, connected and new energy vehicles, Zengcheng has fortified and further extended local industry chains for fuel and new energy vehicles by leveraging its industry clusters, in order to foster an RMB 100-billion high-end industry. Overview: Zengcheng has made constant efforts to strengthen the connections between upstream and downstream projects of new-generation information technology and has leveraged leading enterprises to Industry Foundation: Automobiles and Parts Auto manufacturers attract more suppliers of related equipment and materials to the cluster. In addition, the District encourages key Recognized as the second national auto parts technological breakthroughs in the segments of big data and AI with an aim of boosting local economic growth. manufacturing base in Guangdong Province, • GAC Honda (annual production capacity of 480,000 units) Leading Enterprises: SDP, Visionox, Corning Glass, CEPREI Zengcheng District, with its dense industry clustering, • BAIC Guangzhou Automotive (annual production capacity of 150,000 units) high industrial output, varied auto types and a full- • Guangzhou SuiJing Bus Manufacturing (annual production Extending the Industry Chain with the Support of Leading Enterprises fledged industry chain, has a solid industry foundation capacity of 10,000 units) Zengcheng has leveraged the magnetic effects of its industry-leading enterprises, and intends to establish an industry for fuel vehicles and parts manufacturing. In 2019, chain of the new-generation information technology centered around the Foxconn SDP 10.5-G 8K Displays Eco-Park the local automobile and parts industry consisting of Selected auto parts manufacturers and the Visionox Gen-6 Flexible AMOLED Production Line. With 8K Displays Eco-System serving as the cornerstone of 3 auto manufacturers, 2 car turning companies and • DENSO • Fuyao Glass industry development, the District has attracted dozens of supporting projects, including Corning Glass, CVTE R&D and 150-odd parts producers produced an output value of • HITACHI • Lear Production Base (Zengcheng), SDP Intelligent Technology International, Air Products Electronic Gases (Guangzhou) and about RMB 94.01 billion, up by 10.27% year on year. • TS-GSK • HI-LEX Xujing Automatic Control Device. Building a Sound Industry System by Synergistic Development of “8K+5G” Strengthening Incubation 8K and 5G are cutting-edge technologies in HD video In order to foster new-generation information technology, and ICT respectively. Zengcheng’s industry structure Zengcheng embraces quality resources to build facilitates the synergistic development of “8K screen incubators where enterprises in the fields of micro LED, resolution and 5G transmission technology” to epitaxial wafer, display and AI will be provided with all- boost a comprehensive 8K industry chain covering round, one-stop services as they incorporate, develop 8K content production, message processing, and thrive. cloud storage and network transmission, so as to accelerate the development of the new-generation Exemplary information technology industry. Case The Project of Gen-6 Flexible AMOLED Industry Transformation: New Energy Vehicles Coordinated Upgrading: Intelligent Connected Vehicles Production Line, co-established by Vi- Capitalizing on the fact that Guangzhou was nation- In recent years, the District has focused on key technology sionox and the Zengcheng District Gov- ernment, is the first one of its kind in ally recognized as one of the first batch of “10 Cities innovation and testing certification, with the Zengcheng Guangzhou and boasts a total investment Producing 1,000 New Energy Vehicles”, Zengcheng Economic and Technological Development Zone being a major of RMB 11.2 billion. This line is expected District has scaled up its support for the R&D of ener- component of the demonstration zone for intelligent connected to produce flexible AMOLED modules gy-saving combustion passenger vehicles, hybrid elec- vehicles and smart transportation – part of Guangzhou’s “One with an annual output of RMB 21 billion. tric vehicles, all-electric vehicles and other new energy Core and Three Wings” development initiative. Zengcheng Its 6-18-inch products can be applied on vehicle types, assisted by the transformation of local has strived to break new ground and achieve commercial curved-screen, foldable, wearable or vehi- industry powerhouses including GAC Honda and BAIC applications in key technological areas such as connected cle-mounted devices. Guangzhou Automotive. Zengcheng has also attracted vehicle-mounted terminals and in-vehicle smart information As OLED display technology develops, AMOLED screens featuring flexible display HITACHI to build an engine system development and service systems. It has also leveraged platforms including the The new-generation information technologies, have shown great potential in the market. manufacturing base in a bid to optimize the new ener- South China Base of China Automotive Technology and Research represented by IoT, cloud computing, big data and AI, have been the most vibrant economic The has become a hot gy vehicle chain for the transformation and upgrading Center and CEPREI to help the local auto industry expand into generator in the era of Industry 4.0. As an investment destination since the local FPD of the auto industry. the businesses of high-end technological testing and certification. important growth engine for the development industry is large and densely populated of strategic emerging industries based on data with vendors of smart mobile terminals. and knowledge, these cutting-edge technologies Visionox has set up in Zengcheng Economic Exemplary have now become a competitive advantage and Technological Development Zone Case allowing Zengcheng to seize opportunities for production lines that will deliver higher regional development. South China Base of China Automotive Technology and Research Center, jointly established by the efficiency devices that can fully meet future The District has prioritized innovative displays demand that is driven by the conversion Guangzhou municipal government and China Automotive Technology and Research Center, is a public service and continually optimized this particular of flexible displays into high-end smart technological platform and a regional headquarters dedicated to the testing and examination of new energy industry chain. With abundant innovation and fuel vehicles as well as key parts. The base has multiple labs designed for auto and engine endurance, resources and an integrated industry devices. This move will certainly help the auto parts, new energy vehicle and vehicle emissions, satisfying regional auto companies’ needs including Deloitte ecosystem, it helps build Guangzhou into District further optimize its new-generation product testing, technology consulting, big data and R&D and commercialization of key technologies. Perspectives a global display powerhouse. information technology industry.

Source: 1. Zengcheng Statistics Bureau; 2. Zengcheng Bureau of Science and Technology, Industry, Commerce and Information Source: 1. Zengcheng Bureau of Science and Technology, Industry, Commerce and Information; 2. Official website of Zengcheng District Government

12 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 13 Three RMB 100-Billion-Worth Industries – Modern Services Financial Technology

In 2019, the People’s Bank of China released the Fintech Development Plan (2019–2021) to promote the integrated Headquarters Economy and coordinated development of finance and technology by further strengthening fintech application capability. This Based on emerging industries and new forms of business, Zengcheng has boosted the plan is intended to intensify the linkage between the financial services and other industries through the technology- local headquarters economy by expanding headquarters functions from manufacturing driven digital transformation of the finance industry. As part of its efforts to carry out the plan, Zengcheng District has to R&D, designing and payment, as part of the effort to attract more companies on the been developing an RMB 100-billion-worth fintech industry cluster through projects including the Ping An (Zengcheng) higher side of the value chain to establish their headquarters in the District. Technology Silicon Valley, and Headquarters of Greater Bay Area Industry Integration Investment Group (GBAIG). Overview: Zengcheng has been dedicated to transforming the growth mode of Innovation Strategies for Higher Quality and Efficiency of its headquarters economy as an attempt to increase its competitiveness. In recent Diverse Industries Exemplary years, in addition to local leading companies seeking expansion by establishing Case The District has encouraged leading fintech companies to give full headquarters like Fengle Group and Guangzhou Yuehe Energy, the District has play to their competitive advantages through the Ping An (Zeng- As a joint venture of the Zeng- also attracted through industry platforms a number of enterprises in smart cheng) Technology Silicon Valley Project and has focused on the cheng District Government and industry, fintech and innovative services to build their headquarters here. As Ping An Real Estate Co., Ltd., the development of four industries – the automobile, technology, fi- of 2019, 37 corporate headquarters had been established in Zengcheng, China Ping An Finance Silicon generating an annual output of about RMB136.98 billion, which emerge as a nance, and healthcare industries – to improve quality and efficiency Valley Project is intended to pro- driver of economic growth for the District and Guangzhou at large. of diverse industries. mote the optimization of regional industry structure and improve Leading Projects: South China Headquarters of New World China Guangzhou’s image as a thriving Land Limited, Headquarters of Fengle Group, Poly East Transport Hub Improving the industry chain that integrates automotive, technology and finance, led by the Auto Home, to develop commercial center. The two par- Landmark Complex Project, South China Design more industry patterns, including auto consumption, auto ties have worked closely in many Headquarters, Headquarters of Sino Nitride Group areas, including innovation-driven Automobile finance, auto R&D, and auto culture. finance, high technology, smart Exemplary services, and urban development, Case Offering all-in-one professional information technology to upgrade local industries and services to financial companies through Ping An Cloud renew the city. Guangzhou East Transportation Hub High-End Central Business Zone, which is essential for promoting the Technology Center for the integration of finance and 1 The Ping An (Zengcheng) Technol- growth of the Greater Bay Area, is the first of its kind in China that follows the pattern of TOD . It is home technology. 2 2 2 Technology ogy Silicon Valley, a sub-project of to 150,000-m grade A+ office spaces, a 40,000-m five-star hotel, a 30,000-m business center and 90,000- 2 the above project, leverages Ping m serviced apartments. Moreover, a headquarters cluster is taking shape in this Business Zone as many Building high-end financial services, including electronic An’s competitive advantages in Chinese leading companies such as Poly Group and New World China Land have established their regional signature, financial translation and crowdsourcing related industries to allow Zeng- headquarters here. Based on the Greater Bay Area Industry Integration Headquarters Park, the Central centering around the Ping AN Financial Services platform, cheng to develop its fintech indus- Business Zone aims to build commercial complexes featuring industry integration, with a special focus on fi- Finance with the aim of developing a professional and technology- try into an RMB 100-billion-worth nance, industry development, commerce, research, living services and consumption. Driven by the local con- based financial services system. fintech industry cluster in the vention and exhibition services, it also plans to turn itself into a commercial area dedicated to conventions Greater Bay Area through its con- and exhibitions and develop a cluster of business services. tinuous efforts to support fintech Exploring a new business model of “Internet plus R&D and innovative start-ups. Healthcare” based on the Ping An Good Doctor platform Healthcare Industry Biopharmaceuticals Healthcare to offer smart healthcare services. Leveraging the resources of the local healthcare industry, Zengcheng will continue to Medical Devices prompt greater integration between healthcare and other medical-related industries Functional Food like biopharmaceuticals and medical devices, in an effort to build a distinctive medical Fintech refers to business models, technological and healthcare industry cluster centering on health services. Healthcare Industry applications, and products and services driven Overview: Building on its unique eco-environmental advantages and by emerging frontier technologies, which have Health Services significant impact on the financial market and supply superior location as well as the innovation resources of Guangzhou, Zengcheng, is working hard on developing the local health services such of financial services. Its development relies on the Eldercare deep integration of information technology and as eldercare, healthcare and medical tourism in order to transform itself Healthcare finance. into a center of biotechnology and health services in the Greater Bay Area. Medical Tourism Located in the core area of the Greater Bay Area, While trying to ensure the implementation of new projects such as Foxconn Zengcheng has leveraged its location as a compet- itive advantage to facilitate the integration of key Life Science and Technology Town and Foresea Life Insurance Guangzhou elements such as technology, talent, and capital. General Hospital, it is now making great efforts in building industry clusters in Zengcheng Economic and Technological Meanwhile, it has built an industry ecosystem Development Zone, along part of the Line 21 and centering around Guangzhou’s downtown area, that supports the establishment and growth of with an investment in fixed assets reaching nearly RMB 10 billion. In addition , it is increasing investments in the local entrepreneurial companies, and facilitates the industry agglomeration and cross-industry inte- healthcare system, with a focus on key projects like the Guangzhou Women and Children’s Medical Center Zengcheng gration through its deep cooperation with Ping An, Branch and the Nanfang Hospital Zengcheng Branch. In the future, the District plans to further expand its healthcare a leading fintech company. In the coming years, industry chain in order to build one of the most competitive healthcare industry clusters in South China. Zengcheng will further promote the integration of finance, technology and other industries as Leading Projects: Longcheng Rehabilitation and Healthcare Center, Life and Health Town of Paitan, Life Science and Deloitte part of its efforts to build Guangzhou into an Healthcare Center of KWG Perspectives international fintech center. Note: 1. Transit Oriented Development is a planning paradigm anchored by public transport. Source: 1. The Development Plan for the Health Services Sector in Zengcheng District, Guangzhou City (2019–2030); 2. Zengcheng Bureau of Technology, Industry, Commerce and Information 14 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 15 Major Industry Carriers Major Industry Carriers (Continued)

To further promote its industry transformation and upgrading and facilitate the “double-wheeled” development of Zhongxin Science and Technology Park Healthcare Service Belt of the Greater Bay Area advanced manufacturing and modern services, Zengcheng has been stepping up its efforts to integrate industry and Located in Zhongxin Town, Zengcheng District, this Sci- Built along the Guangshan Highway and Guangzhou urban development and optimize its spatial layout of development resources by capitalizing on local industry clusters ence and Technology Park enjoys a premium location as Metro Line 21, the Healthcare Service Belt boasts and abundant resources. A well-structured industry platform system with all essential elements and efficient services it is in close proximity to China-Singapore Guangzhou superior location, convenient transportation, and the has been taken shape in the District. Knowledge City, Guangzhou Science City, Guangzhou Sci- ecological resources in the central and northern Zeng- ence and Education Town, and the national-level Guang- cheng, attracting healthcare service institutions from Spatial Layout of Local zhou Economic and Technological Development District Guangdong, Hong Kong and Macau to develop tradi- Northern Zengcheng Industries and Zengcheng Economic and Technological Develop- tional Chinese medicine, medical care, rehabilitation, Tapping into ecological and cultural resources to develop In response to the requirement of ment Zone. The Park is entitled to favorable investment and aged care in Zengcheng. The Foresea Life Insur- healthcare services and ecotourism cluster-based urban development attraction policies, brand assets, and efficient approval ance Guangzhou General Hospital with an investment and ecological growth, Zengcheng has services designed for national development zones. With of over RMB 6 billion has been put into operation, and 2 been working to build a distinctive an initial planning area of 2.75km , the Park focuses other leading hospitals including Guangzhou Women Central and Southern Zengcheng spatial layout of industries through on the development of strategic emerging industries, and Children’s Medical Center Zengcheng Building demonstrative industry platforms to enable an the coordinated development of the such as next-generation information technology, new Branch, which will be the largest of its kind integrated development of advanced manufacturing and central and southern Zengcheng and materials, and advanced equipment manufacturing. In in the country, are under full construction. modern services the eco-friendly development of its response to China’s plan of developing home-made Key Projects: Guangzhou Women and Chil- northern part. alternatives to foreign IT innovation products within dren’s Medical Center Zengcheng Branch, Major Industry Development Platforms three years, the Park has rolled out supportive Foresea Life Insurance Guangzhou Zengcheng Economic and Technological Development Zone measures to attract IT innovation projects along General Hospital, Longcheng Zengcheng Economic and Technological Development Zone, located in the the industry chain, aiming to form an IT inno- International Rehabilitation south of the District, was established in 1988 and upgraded to a national- vation industry cluster and shape up an and Healthcare Center, Life level economic and technological development zone in March 2010. Now ecosystem for the industry. and Health Town of Paitan it is home to Zengcheng New Display Value Innovation Park, Guangzhou Function Positioning Key Projects: CEPREI, Heng International Automobile Spare Parts Industrial Base Zengcheng Park, Yoan Industry, Hexin Industry and Guangzhou Small, Medium and Micro-sized Enterprises Financial 1 National Auto Parts Service Zone. In terms of land-use planning, it sticks to the model of Manufacturing Base integrating various parks into the Zone with a total area of 80 km2 and a Guangdong Provincial Big Data core area of about 26 km2. Apart from its emphasis on the core area, the 2 Industry Incubation Park Guangzhou East Zone has also pushed forward the construction of Shitan Lisan Industrial Transportation Hub Belt Park (in the east area) and Xiancun Industrial Park (in the south 3 Guangzhou Municipal Guangzhou Science and Advanced Manufacturing Base High-End Central area), continuously expanding the development scale of the Zone. As the Education Town Guangzhou Science and Business Zone central industry development platform of Zengcheng, the Zone focuses 4 Guangzhou Municipal Strategic This Central Business Zone, located at Emerging Industries Base Education Town, a hub of re- on building three 100-billion-worth industry clusters, namely automobiles the eastward axis of the city’s spatial ar- search and industry develop- and new energy vehicles, new-generation information technology and Regional Growth Pole of rangement, is China’s first city complex 5 ment supported by Guang- financial technology, and introducing major industries, including advanced Modern Services in Guangzhou comprising a variety of transportation zhou Municipal Government, equipment manufacturing, bio-medicine, new energy, new materials, with systems, including railroads, intercity is an important growth en- over 100 enterprises and projects of advanced manufacturing and strategic railways, metros, buses and taxis, where nine gine for Guangzhou to serve emerging industries having settled down. railways and metro lines converge. Leverag- as the sci-tech, education Leading Companies: GAC Honda, BAIC (Guangzhou) Automotive, SDP, ing the complex which connects convention and exhi- and cultural center of the HITACHI, DENSO, Ping An Insurance, Jiangxi Copper, Aeon Mall, Alibaba, bition centers and R&D training centers, the Business Greater Bay Area and enhance its economic and population Visionox, Huayan Precision Machinery, BORCHE, Sino Nitride, China Zone is extending northward to integrate with demon- carrying capacity. Taking advantage of Guangzhou Educa- Automobile Technology and Research Center stration areas for business culture, education and tion City, CEPREI’s new headquarters in Zengcheng, and training, sci-tech innovation and smart technologies, Foxconn Technology Town, Guangzhou Science and Educa- and southward to join up with dynamic clusters repre- tion Town aims to be a vocational education center in South sented by the auto industry. It also benefits from the China clustering first-class international education resourc- spillover of financial and sci-tech innovation resources es, which integrates vocational education, practical training, from the main districts of Guangzhou to develop mod- R&D, vocational guidance, and enterprise incubation. The ern services and headquarters economy, with the aim Town has introduced a number of projects in next-genera- of building a CBD in eastern Guangzhou. tion information technology, big data and cloud computing, and intelligent equipment manufacturing, as well as innova- Key Projects: Cadre International TOD Center, Poly tion and entrepreneurship projects. International Finance Center, South China Head- quarters of New World China Land, Pearl River Inter- Key Projects: Lengine, VPANEL, Bisheng Information national Entrepreneurship Center Technology, JZ Energy, Guo Telecommunications

16 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 17 Sci-Tech Innovation and Applications

As part of its efforts to build an innovation-oriented industry cluster in the Greater Bay Area, Zengcheng District creates a favorable environment for innovation and entrepreneurship by continuing to set up sci-tech innovation platforms.

Strong Sci-Tech Support The District is home to 44 provincial-level engineering research centers and 112 municipal-level ones. In 2019, investment in R&D reached RMB 3.66 billion, an increase of 17.2% from 2018.

Faster Growth of High-tech Enterprises Chapter IV In 2019, the number of high-tech enterprises in the District increased by 15%, reaching 500. Multiple Innovation Platforms Infrastructure The District has launched 17 incubators for sci-tech enterprises, which cover a total area of 410,000 m2. Increased Input in Sci-Tech Development In 2019, the District’s total fiscal input in sci-tech development grew to about RMB 1.57 billion, 75% higher than the previous year.

Setting up Sci-Tech Innovation Platforms National Qiao Meng Yuan Since a mature incubator system lays a sound foundation for innovation and entrepreneurship, Founded in December 22, 2015, Qiao Meng Yuan is the fifth the District has set up multiple sci-tech innovation national-level industry cluster specially designed for overseas platforms in recent years, as part of its proactive Chinese. Co-founded by the Affairs Office of the State Council and the Guangzhou Municipal Government, efforts to build an innovation-oriented industry cluster this innovation and entrepreneurship platform is the first of its in the Greater Bay Area. kind in Zengcheng District to be built and operated under the Integrating and Improving Sci-Tech Parks leadership of the Municipal Government. With the National Qiao Meng Yuan as a focal point, Zeng- As a key platform emphasized in the Outline Development Plan for the cheng District integrates and improves local sci-tech parks Guangdong-Hong Kong-Macao Greater Bay Area, its strategic mission and accelerates the setup of advanced incubators for sci-tech is to attract high-caliber talent, create an innovation-favorable enterprises. environment and build an entrepreneurship ecosystem which Enhancing Cooperation with Incubators Outside Zengcheng promotes industry transformation. Zengcheng encourages local incubators to cooperate with The Zengcheng District Government is dedicated to developing leading peers in economically-prosperous regions such Qiao Meng Yuan into an innovation-oriented industry cluster as the River Delta region and the Beijing-- and a demonstration base in the Greater Bay Area. It has issued region, in the hope of making the District a favorable a Plan for Implementation which requires expanding the park destination to resettle projects. and its targeted enterprises, improving efficiency and creating a Key Platforms: Qiao Meng Yuan Sci-Tech Enterprises Incuba- favorable environment to promote the high-quality development tor, Baosheng International Innovation Park, High-tech Indus- of innovation-oriented platforms and key innovation sectors. The try Incubator of Zengcheng Electricity Technology Institute, District has set up multiple sub-parks affiliated with the incubator. Huashang College Dream Space, 1978 Cultural and Creative The first batch of sub-parks include the Forefront Incubator, the Town, Boji Medical biopharmaceutical Science Park, Foxconn High-tech Industry Incubator of Zengcheng Electricity Technology Technology Town. Institute, the Guangzhou Zengcheng Low-Carbon Headquarter Park, the Netum Incubator and the 1978 Cultural and Creative Town. Financial Support for Sci-Tech Development During the 13th Five-Year Plan period, Zengcheng District has continuously increased fiscal input in sci- Guidance Fund for High-Quality Economic Growth tech innovation. It has launched or revised "1+4" policies • During the first phase, RMB 400 million was spent to attract Chinese or foreign investment in sci-tech innovation. which will provide subsidies to sci-tech innovation • As of July 20, 2019, the fund has invested RMB 26.4 billion projects and professionals, as a way to optimize the in total and the size of its six sub-funds has reached RMB environment for innovation and entrepreneurship. The 7.5 billion. District has also launched a number of policies including Qiao Meng Yuan Fund to Promote Innovation and "1+2" on National Qiao Meng Yuan and several others Entrepreneurship on sci-tech innovation support. These indicate that • The fund is designed to provide equity investment to Zengcheng District regards sci-tech innovation as a qualified innovation and entrepreneurship projects. During strong engine for high-quality economic growth. the first phase, it raised RMB 30 million. 18 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 19 Industry Infrastructure and Supporting Transportation Network Facilities

In recent years, Zengcheng District has further strengthened its efforts to develop an industrial infrastructure for energy Zengcheng District enjoys a premium location advantage as the gateway to eastern Guangzhou. In recent years, the supply and information and communications, with a view to securing the long-term development of local companies District has sped up efforts to promote the development of a modern multi-dimensional transportation system which and laying a solid foundation for economic growth. Home to many large comprehensive energy suppliers such as China integrates expressways/express lanes, railways, airways and waterways. The network is safe, environmental-friendly and Huadian Corporation and Fengle Group, Zengcheng has strong backups in energy supply. Equipped with cutting-edge highly efficient and overall improves the development capacity of Zengcheng. H-Class gas turbines, Huadian’s combined cooling, heat and power supply project to be put into operation later in 2020 Expressways/Express Lanes has a designated annual supply capacity of 7.8 million gigajoules of heat, 370 thousand gigajoules of cooling power and Zengcheng District has a widespread expressway/express lane network made up of four east-west 4.4 billion KWH of electricity. Fengle Group focuses on both traditional and new energy, providing diversified products roads and three north-south roads, among which five are expressways (Guangzhou-Shenzhen and chain services of coal, oil, petroleum coke and alternative energy. Expressway, Pearl River Delta Ring Expressway, Conghua-Dongguan-Shenzhen Expressway, Zengcheng District boasts abundant land resources, with a land area of 575 km² suitable for construction Guangzhou-Heyuan Expressway and Guangzhou-Huizhou Expressway), and two are express activities. At present, the major cities in the Greater Bay Area have a dense population and intensive land use. lanes (Lixin Express Lane and Express Lane). In addition, the District has accelerated While downtown Guangzhou’s land use intensity has reached 48.9%, Zengcheng District’s land development the building of another three expressways – Huadu-Dongguan Expressway, Zengcheng-Tianhe Land intensity remains under 20%. The large amount of developable land strongly attracts enterprises in dire Expressway and Zengcheng-Dongguan-Panyu Expressway, and the construction of three expressway Supply need of expansion space. In the meantime, the land-use level of Zengcheng is constantly being improved entry/exit projects – the Shaning entry/exit and the Avenue entry/exit of Guangzhou- through measures that help to optimize the land-use structure as well as proper developing arrangements. Huizhou Expressway, and the Lianxing entry/exit of Guangzhou North Third Ring Expressway. After the completion of these constructions, Zengcheng District’s further improved transportation system Land Use Intensity in Major Cities of will provide local enterprises with easy access to resources in surrounding areas. the Greater Bay Area Zeng Guang Zhu Fo Zhong Dong Shen cheng zhou hai shan shan zhen Metro Lines Railways With the operation of and Line 21, the con- In addition to the Guangzhou-Shenzhen Railway and the Guang- nectivity between Zengcheng District and downtown zhou-Shenzhen Intercity Railway which are already in operation, 0 10% 20% 30% 40% 50% 60% Guangzhou has been greatly enhanced, thus promot- there are three other railway projects under construction in Main Areas of Developable Land: Zengcheng Economic and Technological Development Zone, ing the sharing of resources among the two regions. Zengcheng. These include the Guangzhou- Railway, Guangzhou East Transportation hub, Guangzhou Science and Education Town, Foxconn Technology Town, Also, the construction plans of and Line 23 the Northeast truck road of Guangzhou Railway Station and the Zhongxin Science and Technology Park, Zhongxin Logistics Park, Shitan Town, Zengjiang Street. have been completed and approved, and another Xintang-Guangzhou Baiyun International Airport-Guangzhou seven lines including and Line 27 are currently North Railway Station Intercity Railway, among which the Xintang Power Supply in the planning phase. These new lines will further Station of Guangzhou-Shantou Railway is an important part of Supported by 39 transformer stations, Zengcheng’s strong power grid ensures a sufficient electricity supply for local improve the connectivity between Zengcheng District Guangzhou East Transportation Hub. The increasingly dense rail companies. It has a power supply reliability rate as high as 99.98%. In 2019, 97.57% of all power supply services were and other areas of Guangzhou. transit network of Zengcheng District has facilitated the develop- conducted online as the District strived to promote online services. Currently, services related to low-voltage and high- ment of trade and business in and outside of the District. voltage power supply application and installation in Zengcheng District involve only two and three steps respectively, Zengcheng District • The Guangzhou-Shenzhen Intercity Railway runs through each taking 2.01 and 31.90 natural days on average for completion, much more convenient and efficient than most 61.6 km, 21 metro stations Guangzhou, Dongguan and Shenzhen, and stops at 15 other areas in Guangzhou and even in the entire country. The process will continue to be streamlined as new measures stations including Xintang South Railway Station, Dongguan such as requiring the application and installation process to be completed within one day are put in place. Downtown Guangzhou West Railway Station and Shenzhen Airport Railway station. Water Supply The operation of this intercity railway has further improved the transportation connectivity of Zengcheng District and is With several water plants such as the Licheng Kedeng Mountain Water Plant, the Xintang Water Plant and the Xinhe Water Plant in of great significance to the District’s one-hour economic circle operation, the District supplies as much as 720,000 metric tons of water per day, capable of meeting any and all water demands within the Pearl River Delta. of local enterprises. Zengcheng District promises to finish all kinds of water supply application and installation processes within Zengcheng District —— Huangpu District —— • The Xintang-Guangzhou Baiyun International Airport-Guangzhou nine working days, with the submission of the application available online via “Internet + Government Services”. Line 21 North Railway Station Intercity Railway has two stops in Natural Gas Supply Commencing operation on December 20, 2019, Line Zengcheng District – Lihucheng Station and Zengcheng Economic The annual supply of natural gas in Zengcheng District has reached 94.77 million m3, and the supply of liquefied petroleum gas 21 has shortened the travel time between Zengcheng and Technological Development Zone Station. It also connects has reached 45,025 metric tons. At present, the gas supply application and installation for enterprises in the District involves District and downtown Guangzhou to less than one hour. with the Guangzhou-Shenzhen Intercity Railway at the Xintang Connected to , , and several other only two steps, submission of the application and an acceptance check. The application and installation processes with and South Railway Station. This intercity railway provides quick access lines, Line 21 can further improve overall transportation to Guangzhou Baiyun International Airport, Qingyuan, Shenzhen without exterior connecting lines are promised to be completed within eight and three working days, respectively. With the convenience in the District. continuous efforts to cut unnecessary paperwork and streamline the process of gas supply services, the time it takes for and the southeast of the Pearl River Delta from Zengcheng. enterprises to obtain a gas supply will be further shortened. Guangzhou East Transportation Hub The Guangzhou East Transportation Hub is the first transit-oriented city complex in China that integrates railways, urban rails, Zengcheng District has seen a steady development of information infrastructure. By the end of 2019, metros, passenger transport, taxis, buses and other transportation systems. Currently, it is planned to introduce nine lines of rail IT traffic, including two national railways, two inter-city railways and five metro lines. It is expected to have an average daily passenger and the District had 1,100 5G base stations in operation, a fiber optic Internet coverage reaching 100% flow of over three million after completion. Located in the heart of this hub is Cadre International TOD Center, which is China’s first Commu- in administrative villages and 93.3% in unincorporated villages. Zengcheng has also sped up the nications TOD center and has featured on the cover of Nikkei Architecture, a core architecture journal in Japan. Infra- construction of secondary nodes for industrial Internet identification analysis, constantly assessing the In the future, the Guangzhou East Transportation Hub will function as an important gateway to eastern Guangzhou. Centered around struc- maturity rate of the industrial Internet and optimizing the use of information resources in industrial Xintang Station, the hub will keep facilitating transportation within the Pearl River Delta and further strengthen the Pearl River Delta’s ture enterprises. connection with the Yangtze River Delta and Beijing-Tianjin-Hebei regions.

Source: 1. Official website of Zengcheng District Government; 2. 13th Five-Year Plan of Zengcheng District for Comprehensive Transportation Development; Source: 1. Official website of Zengcheng District Government; 2. Outline of Development Strategy for Zengcheng District, Guangzhou City (2017–2035). 3. Outline of Development Strategy for Zengcheng District, Guangzhou City (2017–2035)

20 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 21 Transportation Network (Continued) Commercial Facilities

Air Transportation The District is well equipped with high-quality commercial facilities, offering ideal venues for office work, Sharing the Air Transportation Network of Surrounding Cities accommodation, conferences and other business activities. By continuously integrated specialized supporting facilities, In 2018, the five major airports in the Greater Bay Area, namely the Guangzhou Baiyun International Airport, Zengcheng is endeavoring to build a cluster of service industries that is well-organized in space usage and function. the Shenzhen Bao’an International Airport, the Zhuhai Jinwan Airport, the Hong Kong International Airport and the Macau International Airport, handled over 200 million passengers and over 8.3 million metric tons of cargo and mail. Enjoying a geographical advantage at the center of the Greater Bay Area, Zengcheng District Office Buildings shares convenient airport resources with Guangzhou and Shenzhen and benefits from convenient domestic Home to a wide selection of different grade and international air transportation. commercial offices, Zengcheng provides adequate options for different types of Location of Airports in Surrounding Areas of enterprises. Zengcheng Guangzhou Baiyun International Airport No Office Buildings Grade 50min by car 30min by urban rail As one of the three major aviation hubs in China, Poly International Finance the airport boasts an airline network covering more 1 Grade A Center Guangzhou Baiyun Zengcheng增城区 than 210 destination airports worldwide. In 2018, it reported a passenger throughput of 69.74 million and International Airport 2 Hopson International Center Grade A handled 1.89 million metric tons of cargo and mail, ranking top among airports worldwide. 3 Foxconn Technology Town Grade A

Shenzhen Bao’an International Airport 4 Guangzhou Dongling Square Grade B

This large-scale modern international airport features

50min by car or urban rail multimodal transport of sea, road, air and railway. In Cadre International TOD Center (under construction) 2019, it handled a total of over 50 million passengers and its airline network covered 180 destinations As an important component of the Guangzhou East Transportation Hub, the Cadre International TOD Center covers a floor worldwide. Shenzhen Bao’an area of 360,000 m². It is mainly composed of an experiential international business center (110,000 m²), an international International Airport grade A office (35,000 m²), a five-star hotel (35,000 m²) and a LOFT apartment building (72,000 m²). It is expected to connect to the Xintang South Railway Station of Guangzhou-Shenzhen Intercity Railway and Metro Line 13, thus becoming China’s first TOD city complex that integrates high-speed railways, urban rails, metros, passenger transport, buses and Ports other public transportation systems. • Water transportation is an important component of Zengcheng District’s comprehensive transportation system. The District and its surrounding areas have a total of seven ports, namely Xintang Port, Huangpu Port, Xinsha Port, Guangzhou Port, Nansha Port, Port and Yantian Port, providing reliable and Hotels efficient water transportation services. Zengcheng not only boasts luxury hotels such as the Phoenix • To facilitate the development of the Xintang Port, Zengcheng has made full use of its shipping lines in City Hotel Guangzhou and the Pattra Resort Hotel, but also budget the Zeng River and , vigorously integrated wharf resources, and accelerated the infrastructure hotels which have complete amenities and convenient transportation. construction of wharfs and surrounding road network. It has also been promoting the mutual exchange This offers business travelers from around the world a pleasant living en- of information, mutual recognition of regulation and combined law enforcement of port administration for vironment and well-equipped business facilities. In addition, the District has customs clearance. Thus, the overall public services of local ports have been constantly upgraded. the Yushan International Convention and Exhibition Center and the Zengcheng District Culture and Conference Center, ideally serving the purposes of exhibition, convention and performance. Shekou Port Guangzhou Port No Hotels Star Rating – One of the Largest Transshipment – A Modern and Comprehensive Hub Centers in China Port Serving the Asia-Pacific Region 1 Phoenix City Hotel Guangzhou Five-star Shekou Port is about two hours’ drive Guangzhou Port is about 1.5 hours’ from Zengcheng. It is a significant drive from Zengcheng. As of 2018, it 2 Pattra Resort Hotel Five-star collection/distribution center and had operated 807 berths at wharfs of transshipment port in South China. different types, including 76 capable of Crowne Plaza Guangzhou 3 Five-star Annually, it handles cargo throughout mooring vessels above 10,000 metric Zengcheng of 15 million metric tons and moves tons. about 500,000 TEUs of containers. 4 Sun City Hotel Guangzhou Four-star

Source: 1. Zengcheng District Urban Plan; 2. Official website of Zengcheng District Government; 3. Guangzhou Master Plan (2017–2035) Source: 1. Outline of Development Strategy for Zengcheng District, Guangzhou City (2017–2035); 2. Spatial Layout Planning of Commercial Outlets in Zengcheng District, Guangzhou City

22 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 23 Human Resources

In recent years, Zengcheng has continued to improve talent services, vigorously attracting and cultivating professionals with an aim of improving Zengcheng’s overall competitiveness. In addition to launching incentive policies to attract talent and expand its talent pool, the District has continuously facilitated the building of talent development platforms, represented by Guangzhou Science and Technology Education Town. It is also constantly optimizing the developing environment for talent, and providing strong support for local enterprises to recruit and retain talent.

Supply of High-Caliber Talent Recruiting High-Caliber Talent In order to attract more high-caliber talent quickly, Zengcheng Academicians has sped up its implementation of strategies designated to from CAS and CAE1 13 increase the talent pool and offer better talent services. As a National top-level Chapter V result, a large number of international and domestic top-level experts 21 talent, district-level high-caliber talent, highly-educated high- salary enterprise staff and outstanding graduates have been Provincial high-caliber attracted to and remained in Zengcheng. This will serve as an talent 5 Human Resources important force in the development of the District. Municipal leading specialists 26 District-level leading professionals 33

Creating Platforms for High-Caliber Talent Zengcheng District is proactively building platforms which promote cooperation between enterprises, universities and research institutes, as well as over- all industry transformation. At present, the District has established two CAS/CAE academician work- Higher Education Resources stations, one CAS/CAE academician workshop, two With continuous efforts to strengthen its higher education, doctoral workstations, four postdoctoral innovation Zengcheng is now home to eight higher education institutions practice bases, and other platforms with abundant including Huashang College of Guangdong University of Finance overseas returnees and high-caliber overseas tal- and Economics, Sontan College of and ent such as National Qiao Meng Yuan. Huali College of Guangdong University of Technology. In addition, the “One-hour Economic Circle” of the District covers Guangzhou’s 82 general higher education institutions including Sun Yat-sen University, South China University of Technology Universities in Guangzhou and University. This will provide an adequate supply of (Selected) higher education professionals. 1 QS World Top 300 universities Sun Yat-sen University

5 universities included in the “Double First-Class” initiative Sun Yat-sen University South China University of Technology South China Normal University Guangzhou University of Chinese Medicine

Note: 1. CAS: Chinese Academy of Sciences; CAE: Chinese Academy of Engineering Source: 1. Official website of Zengcheng District Government; 2. Zengcheng Education Bureau

24 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 25 Human Resources (Continued)

Supply of Vocational Talent Currently, Zengcheng District is home to six secondary Zengcheng has also carried out various reforms in the vocational schools with over 19,000 students and five training model of vocational talent. It has made prelimi- adult training institutions with 25,105 students. This large nary achievements in optimizing corporate involvement talent base will ensure a sufficient supply of vocational in talent training. In addition, the District has proactively talent for local enterprises. launched tailor-made training programs for selected Taking into account the needs of local enterprises and the industrial workers and integrated education resources District’s economic and social development, Zengcheng with social resources to cultivate high-quality vocational has set up a wide range of departments and majors in its talent. In 2019, the number of enterprises which vocational training institutions. These include information cooperated with local vocational training institutions in science, automobile and electro-mechanical engineering these programs reached 157, with over 2,100 vocational and architecture. This will produce a high supply of skilled professionals cultivated. Chapter VI vocational talent to meet the needs of local enterprises and social development. Living Environment

Guangzhou Science and Technology Education Town Human Resource Costs In 2019, the average annual salary of urban Guangzhou Science and Technology Education Town, located in Zhucun non-private workers in Guangzhou was Subdistrict of Zengcheng, an industrial cluster in the east of Guangzhou, RMB 119,453, and the sum of the “Five has a total planning area of 30 km2. It is committed to building itself Social Insurance and One Housing Fund” into a world-class education cluster and a vocational training highland contributions paid by employers accounted in southern China, by integrating professional training, skill training for 25.87%–34.55% of the total salary and R&D of vocational education, and providing vocational guidance amount. and entrepreneurship incubation services. There will be 13 vocational training institutions in the Town after the first phase of construction. It is expected that about 300,000 students will live and study in the Proportions of the Five Insurance Town when all construction is completed, and about 100,000 vocational and One Fund Contributed by workers and senior technicians will be produced every year. Employers in Zengcheng The Town is designed with typical Guangdong characteristics in mind. Pension Insurance 14% Considering the climate of Guangdong, it has built an ecological corridor connecting the local mountains and waters to form an idyllic landscape Basic Medical Insurance 5.5% which resembles rural sceneries. In addition, the Town has established a smart and environmentally friendly support system which features low Employment Injury Insurance 0.2%-1.4% carbon emissions. It has also built a living quarter which integrates public services and comprehensive training practices. The construction of the Maternity Insurance 0.85% Town is expected to be completed in 2022. When put into full use, it will greatly improve the vocational education infrastructure in Zengcheng and Unemployment Insurance 0.32%-0.8% Guangzhou. It will also promote Guangzhou’s education brands and expand its talent pool, serving to facilitate Guangzhou’s economic development, Housing Provident Fund 5%-12% enhance its population bearing capacity and strengthen its role as a center of education, culture, science and technology in the Greater Bay Area. Total 25.87%-34.55%

Source: 1. Official website of Zengcheng District Government; 2. Official website of Guangdong Provincial Human Resources and Social Security Bureau

26 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 27 Education and Healthcare Urban Living Environment

Zengcheng District has been constantly improving the allocation of educational and healthcare resources to create Zengcheng has a beautiful and advantageous natural environment and it is dedicated to developing green policies and a sound public services system. It hopes that its residents and investors alike can live happy, fulfilling lives, and that improving the ecological system in both urban and rural areas. It pushes for ecology development to build a quality economic and livelihood development can be balanced. living circle that is suitable for living, working and travelling.

A Well-balanced and Comprehensive Education Adequate Healthcare Resources Pleasant Living System By the end of 2019, Zengcheng had 588 medical and Accredited as the “Green Lung” of Guangzhou and the “Emerald Oasis” in the Pearl River Delta, Zengcheng District Zengcheng is committed to developing a multi-layered healthcare institutions of all kinds, and encompassed a boasts a forest area of 53.23%, a 2.11-km2 Lake, a 563-km greenway, a 395-km forest belt, 24 forest parks and over system which provides quality education. So far, the total of 3,490 beds, 2,937 medical practitioners and 3,572 30 eco parks. It had an air quality index of 3.57 and 337 “good” air quality days in 2019, accounting for 92.3% of days in District is home to 209 kindergartens, 108 public primary practicing nurses. Recently, the District has been increasing the year. At present, the District has built a group of nature reserves such as Baishui Village Waterfall and Taizi Forest schools and 36 public secondary schools and has a total expenditure in healthcare and introducing advanced high- Park which provide a high-quality ecological environment for the locals. enrollment of over 350,000 students. In recent years, end medical resources to offer better treatment variety Zengcheng has steadily increased its fiscal input in and quality. Now, Zengcheng boasts five municipal Class Zeng River Greenway education to enhance overall style and teaching quality of III Grade A hospitals, among which three are currently The Zeng River Greenway, as a provincial-level pilot project, has become a popular tourist local schools. More than RMB 15.24 billion were invested operational, the Zengcheng District People’s Hospital of destination in Zengcheng. Using the “Zeng River Corridor” scenic spot as a starting point, in education in the District from 2017 to 2019, RMB Guangzhou, the Zengcheng Branch of Nanfang Hospital the District has actively taken a holistic approach to conserving mountains, rivers, forests, 5.62 billion of which was invested in 2019 alone, with an and the Foresea Life Insurance Guangzhou General farmlands, lakes and grasslands along the greenway, thus combining water treatment average annual growth rate of 13.87%. Hospital. The Zengcheng Branch of Guangzhou Women practices with beautiful scenery, entertainment, tourism, history and culture. It is and Children Medical Center and the Guangzhou Science committed to building an eco-corridor which features clean rivers, green banks, swimming Premium Schools International Schools and Education Town Hospital will be put into service in fish, lush green grass and flying egrets in the southern part of the Guangdong Province. the near future. The District will be richer in healthcare Guangzhou No.2 High School resources and be able to ensure that residents can enjoy Fettes College Guangzhou Quality Homestays -Yingyuan School, Zengcheng comprehensive and efficient medical treatment, disease Thanks to the beautiful ecological environment and splendid idyllic scenery in Zengcheng District, tourism in its rural prevention, health care and rehabilitation. Guangwai Experimental School, Phoenix City International areas is thriving. Many young people interested in culture and businessmen alike have paid close attention to the Zengcheng School Foresea Life Insurance Guangzhou General Hospital District’s development and have even invested in many homestays and inns which have led to a boom in the homestay Middle School Huashang Foreign Language industry. Zengcheng also actively engages in building its homestay brand of “Wanjia Cottages.” A group of exemplary Guangzhou Zengcheng Branch Experimental School Foresea Life Insurance Guangzhou General Hospital is a quality homestays have boosted the entertainment industry’s development in rural areas and have become a splendid medical and healthcare service provider which integrates attraction for tourists visiting Zengcheng. Zhixin High School, Zengcheng UIS Guangzhou disease prevention, health care and medical treatment, scientific research, medical training and wellness Deng Stone House Pastoral Resort Zengcheng Jiade Foreign programs. The Phase I of the hospital, as a Class III general Zengcheng Middle School As a well-preserved cluster of Hakka Dragon Houses in Language School hospital, will be equipped with more than 40 clinical departments and 11 medical detection departments, the Pearl River Delta, Deng Stone House Pastoral Resort which consist of 84 consulting rooms, 18 inpatient areas features an idyllic village composed of buildings with blue and 1,000 beds. The hospital will specialize in disciplines bricks and black tiles. Following the upsurge of homestays, such as oncosis, cardiovascular diseases, geriatrics, the resort has also been upgrading and transforming. gynecopathy, gastric diseases and neurology, and utilize It presents a beautiful picture of the harmonious co- advanced technology and equipment to serve a large existence of natural environment and human culture. volume of medical demands within the District.

Fettes College Guangzhou

Fettes College Guangzhou is the first overseas campus of Fettes College UK. Situated in Xintang Town of Zengcheng District, the college is a 15-year (kindergarten to senior high school) British-style boarding school Mountain Residence with River Views of Muji Fairyland Hotel which attracts students from the Greater Bay Area and Located in the Paitan Town of Zengcheng District, the Located beside Jiufeng Mountain and along the Zeng across the world. It introduces the advanced teaching Mountain Residence with River Views is a comfortable River, Fairyland Hotel is known for its industrial style. Its philosophy and methods from Fettes College and adopts residence which intertwines natural views with cultural exterior walls and part of its rooms convey its unique a system of distinctive bilingual education programs value. As the first facility under the Muji brand name, cement style. As each room has its own special view, which include international curriculums like the IB course the residence was awarded first prize in the 2017 guests can gain a different experience with nature on and A-level course, aiming to develop into a benchmark WACA Design Award for its creative design concepts of each visit. of basic education schooling in China. “mountain, water, cloud, auspice and ”.

Source: 1. Official website of Zengcheng District Government; 2. Zengcheng Education Bureau; 3. Zengcheng Public Health Bureau Sources: 1. Official website of Zengcheng District Government; 2. Zengcheng Forestry Bureau; 3. Zengcheng Bureau of Culture, Radio, Television, Tourism and Sports

28 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 29 Urban Living Environment (Continued) Urban Living Environment (Continued)

With an array of sports and cultural facilities, Zengcheng District has hosted various sports and cultural activities to satisfy citizens’ increasing demands and has strived to improve its public services.

Ten Treasures of Zengcheng Cultural Amenities Featuring a pleasant climate, lush mountains and crystal- Zengcheng offers various cultural amenities, such as libraries, museums, culture centers, theaters and cinemas, clear waters, Zengcheng District boasts abundant natural which enrich the lives of local residents. resources. The “Ten Treasures of Zengcheng”, which Zengcheng is the home of many intellectuals who endow the city with rich cultural resources. Through performances include lychees, , , cured meat and toucai, on Cultural Heritage Day and Cultural Festival, the District encourages citizens to learn more about are delicious, high-quality agricultural commodities intangible cultural heritage and appreciate the unique charm of local culture. To this end, Zengcheng has also showcasing Zengcheng’s unique, long-standing prioritized the promotion and training of opera as well as other art related activities, lectures and agricultural traditions. exhibitions on painting, calligraphy and photography to enrich residents’ daily life.

Lychee National Intangible Cultural Heritage: Pixiu Dance, Spring Cow Splendid Culture Culture Culture Guangzhou Olive-pit Carving Dance, Fire Dog Dance Zengcheng Zengcheng Chi Choy Sum Zengcheng lychees are famous for their color, Zengcheng Chi Choy Sum, or Gaojia Choy fragrance and taste, with high-quality varieties Sum, is known as the king of vegetables and such as “Hanging Green”, “Crystal Ball”, and the crown of choy sum. Featuring large stems Gymnasium Amenities “Beauty’s Smile”. The “Zengcheng Hanging and thick leaves, Chi Choy Sum is deeply loved Zengcheng boasts around 3,000 sports facilities of all types, including basketball courts, football pitches, and hiking Green”, with a history of more than 400 years, for its rich nutritional value. It was included in trails. With continuous efforts to upgrade its fitness paths, community sports sites and other fitness amenities, the is a rare species of lychee known as “the king the Agricultural Brand Catalogue in 2019 and District has a well-developed fitness infrastructure covering both urban and rural areas, providing easy access for of lychees” and “the most expensive fruit in the first batch of National Famous Fresh and residents to fitness facilities in their neighborhoods. The District has rolled out rock-climbing activities and many the world”. Quality Agricultural Products Catalogue in 2020 other special sports activities each year, and has hosted various sports events of nation level and provincial level, in China. promoting sportsmanship among citizens.

Lychee Cultural Tourism Festival Prestigious Opening Match IFSC Climbing Dancesport, Dragon South China Historical Zengcheng, where “Chinese lychee stamps” were issued, boasts of 2019 China Asian Championship Boat, and Skeet of Trail Orienting China’s best-known lychee variety. In recent years, Zengcheng Sports Events Climbing League 2007 Championship District has made full use of its advantageous location to host lychee cultural tourism activities. In June 2020, the Guangzhou (Zengcheng) Lychee Cultural Tourism Festival kicked off with the theme “Getting to Know Zengcheng Through Lychees”, and featured Zengcheng City Museum at 138 Fuyou Road, activities such as lychee cultural exhibitions, paintings and calligraphy Licheng Subdistrict is a 38,900-m2 mixture of exhibitions, and food tasting, all demonstrating the unique charm of a national archives center, an exhibition hall,

Zengcheng and promoting the brand of Zengcheng’s cultural tourism. Case and an urban planning hall, with an invest- ment of RMB 370 million. As a perfect combi- Exemplary nation of modern style and culture, it has become a new scenic spot and a symbol of the District. • The exhibition hall displays over 3,500 rel- ics from the pre-Qin period (pre-221 B.C.) to contemporary times, including 5 grade- two relics and 163 grade-three relics. Zengcheng Zengcheng Zengcheng Zhengguo Huangtang Toucai Lychee Simiao Rice Chi Choy Sum Cured Meat • The national archives center is dedicated to the collection, preservation and exhi- bition of archives recording the history of Zengcheng that citizens can consult. • The urban planning hall has a 3D theater which serves as an important platform to showcase the urban planning and achieve- Zengcheng Xiaolou Paitan Mishi Red Baishuizhai ments of Zengcheng. Black Olive Chinese Waxgourd Jelly Grass Persimmon Sweet Potato

Source: 1. Official website of Zengcheng District Government 2. Zengcheng Forestry Bureau Source: 1. Official website of Zengcheng District Government; 2. Zengcheng Bureau of Culture, Radio, Television, Tourism and Sports

30 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 31 Cultural Landscapes

Zengcheng District abounds with waters and lush greenery in An nt cien the north, and is dotted with historical sites showcasing unique cie t W An Goo il ave se P d Lingnan style. Based on its rich natural resources and cultural a C ag Se o da heritage, Zengcheng is dedicated to developing a new model to , “H C n n e a n w w L n t promote tourism across the District. To this end, it has promoted o o y y g u t c T r in r i h i e e u a e g various types of tourism including industrial tourism, cultural s o m F e G l - o o o e T r e H l a r d tourism and ecological tourism, and established a series of i H e e e X f n e

h ” o featured tourist destinations, including natural scenic spots t Eight Enchanting like Baishui Village Waterfall and cultural landscapes like the Z Scenic Spots h T e x e F i Hometown of He Fairy (Xiangu). n n m o in Zengcheng n i g y e a g p e t l o u e h n o u i P n o Chapter VII T o M w n G ns ao io tan ipt es S H nscr ic rt p ot I cip o rin re es g on P R ua Summary and Prospect in Baih

Life and Health Town of Paitan Located in Gaotan, Paitan Town, it is a municipal-level featured town in Guangzhou City, and among the second batch of featured in Guangdong Province. Rich in natural beauty and cultural heritage, the Town boasts special cultural tourism resources such as traditions of , authentic food, and comprehensive health industry resources including hot spring and spa hotels, 4A-level Baishui Waterfall Scenic Spot and Skov River Wonderland Resort. To develop itself into an international featured town for health care, the Town is integrating modern medication and healthcare services, and is becoming an innovative growth pole for life science in the Greater Bay Area.

Baishui Village Known as “a Jade on the ”, this lush scenic spot in Paitan Town has a rich natural environment featuring forests, shallow wetlands and valley lakes. Notably, it is home to the Baishui Waterfall boasting the largest drop height (428.5m) in the Chinese Mainland.

Hot Spring Thanks to unique mountain landscapes, Zengcheng enjoys a pleasant environment and has become an ideal destination for healthcare. Its reputation for healthcare is further complemented by its abundant hot spring resources, which make Zengcheng well known as “the capital of hot springs”. Among its hot springs, the Gaotan Hot Spring at the foot of Shirenling Mountain is especially valuable, with sulfurous water containing various chemical elements good for health, helping those with rheumatism, dermatosis, angiocardiopathy and other chronic diseases to recover. Centered on Gaotan Hot Spring, Zengcheng has set up a number of five-star hot spring and spa hotels, including Pattra, Global Villa, Sanying and Badengbadeng, as part of its proactive efforts to promote hot springs and the healthcare industry.

Source: 1. Official website of Zengcheng District Government; 2. Zengcheng Bureau of Culture, Radio, Television, Tourism and Sports

32 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 33 Summary and Prospect

Based on the analysis on the investment environment of Zengcheng District, this report hereby concludes that the District has demonstrated advantages in the following four aspects:

Booming Entrepreneurship and Innovation 1 Premium Location in the Greater Bay Area 3 Empowered by Sci-Tech Innovations Zengcheng District enjoys a premium geographical Superbly located in eastern Guangzhou as part of the advantage for its location at the core area of the Guangzhou-Shenzhen-Hongkong-Macau Science and Guangdong-Hong Kong-Macau Greater Bay Area. Technology Innovation Corridor, Zengcheng District has Facilitated by its comprehensive and diversified constantly promoted platforms like research incubators transportation network with extensive air, water, road and and makerspaces to share sci-tech innovation resources rail connections, the District has been closely connected from the Greater Bay Area and create a favorable with well-developed cities in the Greater Bay Area like environment for innovation and entrepreneurship, Guangzhou, Shenzhen, Hong Kong and Macau and further transforming itself into a key hub along the Guangzhou- strengthened cooperation with the Yangtze River Delta Shenzhen Economic Belt for Innovation. Appendix region, the Beijing-Tianjin-Hebei region and the whole Talent plays a leading role in boosting sci-tech innovation. China to better enhance the flow of industry resources, Supported by platforms for innovation and entrepreneur- technology and talent. In the future, the District will take ship like the National Qiao Meng Yuan, Zengcheng has advantage of its role as the Guangzhou East Transportation been developing policies favorable for talent recruitment, Hub and its favorable location in a bid to better integrate improving services and attracting talented professionals into the development of the Greater Bay Area, thus with varied expertise, thus stimulating vitality for innova- boosting the overall development of Guangzhou. tion and entrepreneurship.

2 Transformation and Upgrading Fueled by 4 A “Zengcheng Model” Featured by a Strategic Opportunities Favorable Business Environment In recent years, Zengcheng has constantly consolidated In an attempt to build a favorable and globally-oriented its industry base and promoted industry transformation business environment ruled by law, Zengcheng District and upgrading. It has been developing new energy and has constantly optimized its government services intelligent connected vehicles and promoting its traditional and provided one-stop services covering corporate competitive industry – automobiles and auto parts production and operation to improve satisfaction of towards the higher end of the industry chain, injecting new businesses. Meanwhile, Zengcheng has adopted a development momentum. Led by projects of its leading range of measures featuring the “Zengcheng Model” to enterprises, Zengcheng is committed to building RMB improve government services including cutting red tape, 100-billion-worth industry clusters of new-generation simplifying procedures and enhancing efficiency, thus information technology and financial technology to creating a facilitating business environment favorable unleash more potential for economic growth. Meanwhile, for business development in line with the highest Zengcheng has seized strategic opportunities from international standards. the development of the Greater Bay area and industry Ready to embrace the upcoming 14th Five-Year Plan transfer from Guangzhou, Shenzhen, Hong Kong and period (2021-2025), Zengcheng, with an aim of becoming Macau, and has been actively developing modern services a modern and medium-sized eco-friendly district, will like headquarters economy and health services so as continue consolidating its industry base, grasp strategic to promote the integrated development of advanced opportunities brought by the development of the Greater manufacturing and modern service industries. Bay Area and make full use of its rich resources and Regarding Zengcheng Economic and Technological Devel- ecological advantages, building itself into a wonderful opment Zone as the major powerhouse for development, destination ideal for living, business and traveling. Zengcheng has been enhancing the coordinated develop- ment of different industries based on its six key industry development platforms, and building itself into a promis- ing land for investment and entrepreneurship by taking advantage of industry transformation and upgrading.

34 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 35 Appendix: How to Contact Main Government China Public Service Team Agencies in Zengcheng District

Zengcheng Bureau of Science and Technology, Zengcheng Market Supervision Administration Industry, Commerce and Information Address: 48 Xiajie Avenue, Licheng Subdistrict, Zengcheng Address: Building 4, 1 Huimin Road, Licheng Subdistrict, District Deloitte China Zengcheng District Tel.: +86 020-82748632 Tel.: +86 020-32828312 +86 020-32828162 Zengcheng Education Bureau Eunice Kuo Address: 35 West Gangqian Road, Zengcheng District Managing Partner of Deloitte China Zengcheng Investment Promotion and Enterprise Tel.: +86 020-82637020 Tax & Business Advisory Services Incorporation Service Center Tel.: +86 21 6141 1308 Address: Building 4, 1 Huimin Road, Licheng Subdistrict, Zengcheng Health Bureau Zengcheng District Address: 6 Fuli Road, Zengcheng District Fax: +86 21 6335 0003 Tel.: +86 020-82757907 Tel.: +86 020-32821212 E-mail: [email protected] +86 020-82744089 Zengcheng and Rural Affairs Bureau Economic, Trade, Science and Technology and Address: 110 Licheng Avenue, Licheng Subdistrict, Victor Li Information Bureau of Zengcheng Economic and Zengcheng District Technological Development Zone Tel.: +86 020-32830030 Managing Partner of Southern China Address: 2 Xiangshan Avenue, Yongning Subdistrict, Region Tax & Business Advisory Services Zengcheng District Zengcheng Branch of Guangzhou Municipal Tel.: +86 755 3353 8113 Tel.: +86 020-82787123 Ecological Environment Bureau Fax: +86 755 8246 3222 +86 020-82706172 Address: 16 Gangqian West Road, Licheng Subdistrict, E-mail: [email protected] Zengcheng District Investment Promotion Center of Zengcheng Tel.: +86 020-82630565 Economic and Technological Development Zone Address: 2 Xiangshan Avenue, Yongning Subdistrict, Zengcheng Bureau of Culture, Radio, Television, Jeff Xu Zengcheng District Tourism and Sports Managing Partner of Government & Public Tel.: +86 020-32893281 Address: 100 Fuyou Road, Licheng Subdistrict, Zengcheng Services, Tax & Business Advisory Services District Tel.: +86 21 6141 1278 Enterprise Construction and Safety Supervision Tel.: +86 020-82752526 Bureau of Zengcheng Economic and Fax: +86 21 6335 0003 Technological Development Zone Zengcheng Government Affairs Data Administration E-mail: [email protected] Address: 2 Xiangshan Avenue, Zengcheng Development Address: 7 North Landscape Avenue, Lihu Subdistrict, Zone Zengcheng District Tel.: +86 020-82607189 Tel.: +86 020-82628332 Eddie Zengcheng Development and Reform Bureau Zengcheng Office of State Administration of Partner of Government & Public Services, Address: 3F, Building 4, 1 Huimin Road, Licheng Taxation Tax & Business Advisory Services Subdistrict, Zengcheng District Address: 42 West Jiansheng Road, Licheng Subdistrict, Tel.: +86 21 6141 1097 Tel.: +86 020-82732170 Zengcheng District Fax: +86 21 6335 0003 Tel.: +86 020-12366 E-mail: [email protected] Zengcheng Branch of Guangzhou Municipal Planning and Natural Resources Bureau Zengcheng Customs Address: 108 West Guangming Road, Licheng Subdistrict, Address: 3 Customs Avenue, Xintang Town, Zengcheng Zengcheng District District Tel.: +86 020-82629802 Tel.: +86 020-32103885

36 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 37 Contacts of Deloitte Offices in China Contacts of Deloitte Offices in China (Continued)

Beijing Shanghai Wuhan Deloitte Touche Tohmatsu Certified Public Deloitte Touche Tohmatsu Certified Public Deloitte Touche Tohmatsu Certified Public Deloitte Touche Tohmatsu Certified Public Accountants LLP Beijing Branch Accountants LLP Hangzhou Branch Accountants LLP Accountants LLP Wuhan Branch 12/F, China Life Financial Center, 23 Zhenzhi Road, Unit 1206-1210, Approval Center East Tower, 9 Feiyunjiang 30/F, Bund Center, 222 Yan'an Road East, Shanghai, Room 4901, 49/F, New World Trade Tower, 568 Jianshe Chaoyang District, Beijing, 100026, PRC Road, , Hangzhou, 310008, PRC 200002, PRC Avenue, Wuhan, 430000, PRC Tel.: + 86 (10) 8520 7788 Tel.: + 86 (571) 8972 7688 Tel.: + 86 (21) 6141 8888 Tel.: + 86 (27) 8538 2222 Fax: + 86 (10) 6508 8781 Fax: + 86 (571) 8779 7915 / 877 9 7916 Fax: + 86 (21) 6335 0003 Fax: + 86 (27) 8526 7032 Deloitte & Touche Financial Advisory Services Deloitte Consulting (Shanghai) Company Limited Deloitte Consulting (Shanghai) Company Limited Deloitte Touche Tohmatsu Certified Public Limited Changsha Branch Harbin Branch Shenyang Branch Accountants LLP Xiamen Branch 20/F, Tower 3, HC International Plaza, 109 Furong Road Room 1618, Development Zone Mansion, 368 Changjiang Unit 05-06, 36/F, Office Tower 1,1-1 Youth Unit E, 26/F, International Plaza, 8 Lujiang Road, Siming North, Kaifu District, Changsha, 410008, PRC Road, Nangang District, Harbin, 150090, PRC Street, , Shenyang, 110063, PRC District, Xiamen, 361001, PRC Tel.: + 86 (731) 8522 8790 Tel.: +86 (451) 8586 0060 Tel.: +86 (24) 6785 4068 Tel.: +86 (592) 2107 298 Fax: + 86 (731) 8522 8230 Fax: +86 (451) 8586 0056 Fax: +86 (24) 6785 4067 Fax: +86 (592) 2107 259 Shenzhen Xi'an Deloitte Touche Tohmatsu Certified Public Unit 1201, Office Tower A, Winbond ICC Building, Deloitte Touche Tohmatsu Certified Public Deloitte & Touche Financial Advisory Services Accountants LLP Chengdu Branch 190 Qianshan Road, Government and Cultural New Accountants LLP Shenzhen Branch (China) Limited Xi'an Branch 17/F, Block F, Zhonghai International Center, 365 Jiaozi Development District, Heifei, 230601, PRC 13/F, Building, 5001 Shennan Road East, Room 5104A, 51/F, Block A, Greenland Center, 9 Jinye Road, Boulevard, Gaoxin District, Chengdu, 610041, PRC Tel.: +86 (551) 6585 5927 Shenzhen, 518010, PRC High-tech Zone, Xi'an, 710065, PRC Tel.: + 86 (28) 6789 8188 Fax: +86 (551) 6585 5687 Tel.: + 86 (755) 8246 3255 Tel.: +86 (29) 8114 0201 Fax: + 86 (28) 6317 3500 Fax: + 86 (755) 8246 3186 Fax: +86 (29) 8114 0205 Hong Kong Deloitte Touche Tohmatsu Deloitte Touche Tohmatsu Certified Public 35/F, One Pacific Place, 88 Queensway, Hong Kong Deloitte Touche Tohmatsu Certified Public Deloitte Consulting (Shanghai) Company Limited Accountants LLP Chongqing Branch Tel.: + (852) 2852 1600 Accountants LLP Suzhou Branch Zhengzhou Branch 43/F, World Financial Center, 188 Minzu Road, Yuzhong Fax: + (852) 2541 1911 24/F, Tower A, Building 58, Suzhou Center Square, 58 5A10, Tower 8, Kineer Center, 51 Jinshui Road East, District, Chongqing, 400010, PRC Suxiu Road, , 215021, PRC Zhengzhou, 450000, PRC Jinan Tel.: + 86 (23) 8823 1888 Tel.: + 86 (512) 6289 1238 Tel.: +86 (371) 88973700 Deloitte Touche Tohmatsu Certified Public Fax: + 86 (23) 8857 0978 Fax: + 86 (512) 6762 3338 / 6762 3318 Fax: +86 (371) 88973710 Accountants LLP Jinan Branch Units 2802, 2803 & 2804, 28/F, China Overseas Plaza Tianjin Deloitte Touche Tohmatsu Certified Public Office, 6636 2nd Ring South Road, Shizhong District, Jinan, Deloitte Touche Tohmatsu Certified Public Accountants LLP Dalian Branch 250000, PRC Accountants LLP Tianjin Branch Room 1503, Senmao Building, 147 Zhongshan Road, Tel.: +86 (531) 8973 5800 45/F, Metropolitan Tower, 183 Road, Heping Dalian, 116011, PRC Fax: +86 (531) 8973 5811 District, Tianjin, 300051, PRC Tel.: + 86 (411) 8371 2888 Tel.: + 86 (22) 2320 6688 Macau Fax: + 86 (411) 8360 3297 Fax: + 86 (22) 8312 6099 Deloitte Touche Tohmatsu Guangzhou 19/F, The Macau Square Apartment H-N, 43-53A Av. do Deloitte Touche Tohmatsu Certified Public Infante D. Henrique, Macau Accountants LLP Guangzhou Branch Tel.: + (853) 2871 2998 26/F, Yuexiu Financial Tower, 28 Pearl River East Road, Fax: + (853) 2871 3033 Guangzhou, 510623, PRC Nanjing Tel.: + 86 (20) 8396 9228 Deloitte Touche Tohmatsu Certified Public Fax: + 86 (20) 3888 0121 Accountants LLP Nanjing Branch 6/F, Asia Pacific Tower, 2 Road, Xinjiekou Deloitte Consulting (Hainan) Company Limited Square, Nanjing, 210005, PRC 16/F, LanHai Plaza ( Huaxia Insurance Center), 279 Tel.: + 86 (25) 5790 8880 Xinfeng Street, Jiyang District, Sanya, 572099, PRC Fax: + 86 (25) 8691 8776 Tel.: +86 (898) 8861 5558 Fax: +86 (898) 8861 0723

38 Research Report on the Investment Environment of Zengcheng District, Guangzhou l 39 Acknowledgements

Photos courtesy of: Publicity Department of Zengcheng CPC Committee; Zengcheng Bureau of Science and Technology, Industry, Commerce and Information; Zengcheng Bureau of Culture, Radio, Television, Tourism and Sports, etc.

Research report preparation committee members: Eddie Yan, Rebecca Chen, Ricky Wang

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