Guangdong inked over 100 billion investments with Fortune Global 500 Companies

Twenty-seven cooperation projects were signed with Fortune Global 500 Companies at the 2021 Annual Conference on Multinational Corporations Investment in Guangdong on September 28th. (Photo provided to Newsgd.com)

"We feel openness, welcome, and certainty for planning (in Guangdong). And that's what we're looking forward to. Hopefully, in the future, even with the dual circulation, we are exporting quite a bit from here(Guangdong) into Southeast Asia," said Andy Walti, Vice President and Head of Region China & Asia Pacific Clariant.

Clariant is one of the Fortune Global 500 Companies that signed agreements with Guangdong today. A total of 27 cooperation projects were signed with Fortune Global 500 Companies, with a total investment of over 100 billion RMB, at the 2021 Annual Conference on Multinational Corporations Investment in Guangdong on September 28th.

The Conference has attracted over 300 entrepreneurs and executives of nearly 200 multinationals from 16 countries and regions, including Japan, Korea, the US, the UK, Germany. The multinationals include many Fortune Global 500 companies, such as Siemens, Panasonic, GE, ExxonMobil, P&G, Hyundai.

At the Conference, Guangdong announced 22 global investment consultants, including Aoyama Shigetoshi, Executive Vice President of JETRO, Gregory Gilligan, Chairman of AmCham China, and Christophe Lauras, President of CCI France China. They are Guangdong's first group of 'Global Investment Advisers', aiming to promote the business environment of Guangdong, convey business information to the global community, and attract top projects and talents across the globe to invest and settle in Guangdong.

Also, the World's Top 500 Entrepreneurs Club was established at the Conference.

Yuan Baocheng, Vice-Chairman of Guangdong Provincial Committee of the Chinese People's Political Consultative Conference, said that Guangdong welcomes multinational enterprises to participate in developing Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen a pilot demonstration area and deepen exchanges and cooperation in science, technology, and innovation.

Guangdong has been a leading investment destination for the Fortune Global 500 Companies. As of December 2020, 350 Fortune 500 companies have invested in Guangdong province with the accumulated registered capital exceeding USD 180.7 billion, ranking 3rd in China, according to a special report on Fortune Global 500 Corporations' investment in Guangdong Province released at the Conference.

As of December 2020, overseas funds directly derived from the Asian region accounted for 83.6% of the world's top 500 investment overseas funds in Guangdong, of which Hong Kong accounted for 60%. Singapore ranked second, with its proportion increasing to 32%.

Reporter: Nan

Editor: Wing, Jerry