On February 7, Guangzhou Development Zone held a signing and launching event for the 2025 Q1 major projects, witnessing the official landing of a direct current project between Guangdong and Xizang, and the first technology branch of China Construction Bank in Guangzhou.
Among the 152 projects at the event, 117 projects have commenced construction while 35 projects were signed, leading to a total investment of RMB 147.1 billion and an estimated output value (revenue) of RMB 129.6 billion.
Among the 117 projects launched, 93 industrial projects obtained a total investment of approximately RMB 58.1 billion and an estimated output value of RMB 84.6 billion, with nearly 80% of the number and investment allocated to industrial projects and a significant proportion dedicated to strategic emerging and future-oriented industries including new-generation information technology, green petrochemicals and new materials, intelligent equipment, and biomedicine and health.
Photo provided by Li Jianfeng from the Publicity Department of Huangpu District
As the leading enterprise of Guangdong's ultra-high-definition video display industry cluster, CVTE has invested RMB 5 billion to establish a new factory, which is expected to achieve an output value (revenue) of RMB 10 billion upon full production.
Its global headquarters base project will focus on technical development in the fields of commercial display and artificial intelligence, while the smart healthcare project centers on research in life sciences, aiming to promote high-quality development in medical services and the medical device industry.
Among the 35 projects signed, 10 were financial-related projects with a total investment of over RMB 10 billion, including the first batch of AIC pilot equity investment funds in Guangzhou, which will primarily invest in strategic emerging and future-oriented industries with a total scale of over RMB 9 billion.
The direct current project between Guangdong and Xizang, jointly constructed by China Southern Power Grid and State Grid Corporation of China, has obtained an investment of RMB 54.9 billion, which is expected to deliver over 20 billion kWh of green electricity to Guangzhou annually, thus promoting the high-quality coordinated development between the Guangdong-Hong Kong-Macao Greater Bay Area and the Xizang Autonomous Region.
This event also witnessed the official establishment of the first technology branch of China Construction Bank in Guangzhou Development Zone. In the future, this branch will focus on serving technology enterprises within Guangzhou Development Zone and strive to enhance the technology and financial service capabilities of the Guangzhou Branch of China Construction Bank.
Reporter | Ma Liya (intern), Chen Jinxia
Editor | Hu Nan, James, Shen He
