Blueprint for Futian’s industrial development

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Shenzhen’s Futian district issued a blueprint for future industrial development on Nov 7, aimed at taking its economic growth to new heights in the coming years.

Called the “Medium and Long-Term Development Planning of the Modern Industrial System of Futian District”, the plan was unveiled at the Futian District Industrial Development Conference to comprehensively promote the upscale district’s developmental environment and investment policies.

More than 500 representatives attended the conference, including senior executives from major international investment companies and China’s leading enterprises, as well as representatives from trade associations, professional institutions and the media.

Futian Party Chief Xiao Yafei, Head of the Futian District Government Gao Shengyuan, and Huang Wei, executive vicehead of Futian, delivered keynote speeches at the gathering.

A total of 38 major investment projects, including the credit center of China CITIC Bank, China Merchants Group Fintech and HNA Innovation Finance Group, will have offices in Futian. China Merchants Bank, CITIC Securities, Ping An Life Insurance and China Merchants Securities were among 100 large companies listed among the “Top 100 Taxpayer Enterprises”.

According to the blueprint, Futian’s finance industry will focus on expansion. It will build up multiple finance clusters and optimize its space layout. The district will create a Shenzhen finance street based on the current Futian CBD and the financial finance resource along both sides of Shennan Avenue, and extend from the Shenzhen Stock Exchange in the east to China Merchants Bank Tower and Xiangmi Lake to the west.

The district will speed up the construction of the Xiangmi Lake area and build it into a gathering base for high-end financial services and wealth management firms, strengthening the financial services function of top-grade buildings in the Meilin-Caitian area, including Zhuoyue City in the Shangmeilin area and Upper Hills.

It will also support the upgrading and reconstruction of the industrials parks in Shangmeilin and Bagualing to attract fintech institutions and venture capital financial institutions. By 2020, Futian is expected to attract over 600 high-end finance talents and 2,500-plus venture capital investment talents.

An executive with Shenzhen Microsim Technology, which has agreed to settle in the district, said despite the city CBD’s high housing and labor costs, the comprehensive environment and business efficiency are superior. The business environment is always the key factor for determining the success of high-end projects.

A person from Shenzhen Sensegrid, which has newly settled in the district, also said that for the same industrial space, the added value of being located in Futian CBD really makes a difference. Futian CBD enjoys quality supporting facilities, convenient funds, high-end talents, information channels and cultural, educational and medical resources.