Topic

Shenzheni

As part of Deng Xiaoping’s 'reform and opening up' policies, China named Shenzhen a special economic zone in 1980. Over the next 40 years, Shenzhen transformed from a rural backwater with a population of 20,000 to China's answer to Silicon Valley. It forms part of the “Greater Bay Area”, so created in 2016 by the Chinese government, which groups nine Guangdong cities with Hong Kong and Macau as an economic hub.

 

 

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Deadly flooding downstream in Guangdong province and extreme drought upstream in hydropower hub of Yunnan show how critical the issue of climate change has become.

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  • Across 16 sectors, AI unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion
  • Beijing minted the most number of unicorns at 114, followed by 63 in Shanghai and 32 in southern technology hub Shenzhen

Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth.

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China’s ATLATL Innovation Centre and California-headquartered Founder Institute plan to bring start-ups from around the world to the city and invest in local ventures.

New deep-sea mobile operation can reportedly drill to a depth of 9,085 metres, a record for China as Beijing looks to rely less on imported oil and gas amid rising geopolitical uncertainties.

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Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.

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Door-to-door cross-border ambulance service not reciprocal at first because of more complex procedures for approval of vehicles, doctors, equipment and medicine from Hong Kong.

Hytera is appealing against US sanctions that bar it from selling two-way radio products globally as part of a years-long trade secrets dispute with Lenovo-backed Motorola.

The emergence of technology providers like Firework coincides with a growing ‘direct-to-customer’ trend for Chinese merchants involved in cross-border e-commerce.

Merchants at Shenzhen’s Huaqiangbei, the world’s biggest wholesale electronics marketplace, are stockpiling graphics cards ahead of the revised US curbs’ roll-out on April 4.

Hong Kong has been shut out of the rankings in a survey of innovation and concentration of talent in which cities in the Asia-Pacific region took five of the top 10 spots.

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Exchange programme with mainland China gives Hong Kong civil servants insights into country’s policy direction, development trends, history and culture.

Post finds new ‘Octopus - China T-Union Card’, which allows for public transport use in 336 mainland cities, has been selling fast at MTR stations and convenience stores.

City’s finance chief and California’s secretary for environmental protection Yana Garcia call for political differences to be put aside at a University of Hong Kong forum.

Singapore continues to outrank Hong Kong – albeit by a single point – as the top financial centre in Asia, according to the latest edition of the semi-annual Global Financial Centres Index (GFCI).