Dec. 21, 2012 (China Knowledge) – Shenzhen High-tech Industrial Development Zone (Shenzhen HIDZ) rated “AA” by China Knowledge in a research report published today. The industrial park was set up upon the approval from the State Council in 1996, and covers an area of 11.5 sq km. The park has been certified by regulators as a “High-tech Products Export Base,” and has been designated the “China APEC High-tech Industrial Park.”
Shenzhen HIDZ is located in Nanshan District in the western part of Shenzhen, a city bordered by Hong Kong to the south. Nanshan District is within China’s first special economic zone, Shenzhen Special Economic Zone, which was established in 1980 and enjoys special economic policies and flexible government measures. The park, merely half an hour’s drive from the city center, enjoys the convenience of good transportation in Shenzhen. The Beijing-Guangzhou Railway and the Beijing-Kowloon Railway intersect in Shenzhen.
When compared to other large cities such as Beijing, Shanghai and Guangzhou, the population in Shenzhen is smaller, and the number of colleges and universities is lower. However, Shenzhen has attracted a large number of skilled workers through the continuous efforts of local governments.
Electronics, information technology, biology, optical-electrical-mechanical integration, pharmaceuticals and other High-tech industries are the major industries in Shenzhen HIDZ. In 2008, the park realized a gross industrial output of RMB 225 billion, contributing about 14.2% to Shenzhen’s total. The industrial output from High-tech industries rose 17.5% year on year and amounted to RMB 213.4 billion, accounting for 23.4% of Shenzhen’s total. In 2010, the gross industrial output reached RMB 301.42 billion.
Shenzhen HIDZ serves as headquarters to Huawei, ZTE, Kingdee, Skyworth and other large domestic High-tech firms. ZTE, set up in Shenzhen in 1985, is the largest listed telecom equipment manufacturer in mainland China. In 2008, the operating revenue of ZTE exceeded RMB 44.3 billion. Huawei was established in Shenzhen in 1988; its products cover networks, applications and software, broadband access, site products, and other telecom equipment. The telecom equipment supplier achieved a sales revenue of US$23.3 billion in 2008. The two companies are among the major domestic mobile equipment suppliers to China Telecom and China Mobile, the largest fixed-line operator and the largest mobile service provider in China, respectively.
The park has also attracted investment from many large multinational companies, including IBM, Philips, Compaq, Olympus, Lucent and Thomson. Notably, IBM moved IBM Procurement headquarters to Shenzhen HIDZ in 2006. Shenzhen Software Park (Shenzhen SP) was built in Shenzhen HIDZ in 2001. By the endof 2008, over 600 firms had set up operations in the software park, including Tencent, MCM, Kejian, Oaking, Guanri, Liming, Aspire-tech and many other software developers. Shenzhen Virtual University Park is situated within Shenzhen HIDZ. The University Park has attracted 48 foreign and domestic universities and supplies a talented workforce for Shenzhen HIDZ.
Last year, there are 25 new foreign-funded projects had been launched in the zone, and the utilized FDI reached US$ 110.27 million.
Industrial parks rated AA are highly attractive and are highly recommended. However, in comparison with industrial parks given the AAA rating, these industrial parks still lag behind in some areas. The most typical disadvantage is the smaller economic size as reflected in the GDP or FDI, high investment costs and limited land resources. Together with AAA-rated industrial parks, these industrial parks are considered first-tier. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
Please note: the version of this report is for a global site license.