On November 8th, the 2024 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area kicked off in Guangzhou. Building on the fruitful outcomes of the past two editions, the three regions have once again joined hands to extend a global "invitation" to worldwide businesses.Over the past two years, Guangdong has steadily transformed its investment attraction "blueprint" into a "construction plan". More than 1200 projects from the previous two conferences have already broken ground, with a commencement rate exceeding 77%.
As a part of the conference series, the Guangdong Foreign Investment Enterprise Association unveiled the "2024 Top 100 Foreign-Invested Enterprises in Guangdong List".
BASF, ExxonMobil, Siemens, Walmart, and many other renowned multinational companies were on the list.
From the perspective of investment, the 100 companies on the list have collectively invested $36.6 billion in Guangdong, with each company investing over $100 million.
In terms of industry sectors, there are over 70% of them are high-tech and knowledge-intensive enterprises, reflecting the high-quality utilization of foreign investment in Guangdong.
From the practice of the Investment Promotion Conference for GBA, investment attraction has evolved beyond the "handouts and benefits" of the past, but gradually shifting towards a model that builds an integrated system to attract and channel investment. This includes increasingly focusing on building bridges for enterprises to access external resources, technology, and talent.
Five years since the release of the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area", the economic output of the Greater Bay Area has risen from over 10 trillion yuan to over 14 trillion yuan, creating one-ninth of the country's economic output.
Now, the Greater Bay Area is becoming a focal point for global enterprises and capital. Moving forward, telling the story of high-quality development and further strengthening the confidence of foreign-invested enterprises will be the new path to depicting the picture of a world-class bay area of the Greater Bay Area.
