Shenzhen’s central business district Futian, the most dynamic area in the city, has attracted as much as 130.60 billion yuan (US$18.34 billion) worth of potential investment in its latest investment promotion drive.

According to the 2023 Futian District High-Quality Development Investment Promotion Conference, held November 28 at the Shenzhen-Hong Kong International Science and Technology Park in the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Futian, 156 of the global Forbes top 500 companies, such as Morgan Stanley, Siemens Energy, Starbucks, have shown interest in investing in 86 projects in the region, with an intended investment of 130.60 billion yuan, so far this year.   

Futian has led the city in attracting so many Fortune 500 companies. It also saw an addition of 1097 newly registered enterprises, an increase of 57.2% compared with a year earlier, ranking first in growth rate in the city.

The district’s total actual utilization of foreign capital amounted to US$25.06 billion, a 1.24-fold increase and ranking first in the city. Moreover, there were 1529 newly registered foreign-invested enterprises, allowing Futian to lead the city in attracting foreign-funded firms.

With the theme "focusing on new productivity and sharing opportunities in new era," the conference was intended to cordially invite global businesses and talents to choose Futian.

The event was brimming with highlights and excitement. Three guests from the industry and academia passionately looked forward to the future of Futian and Hetao.

Located in the central urban area of Shenzhen and with an area of 78.66 kilometer meters and a population of about 2.2 million, Futian is the administrative, cultural, financial, business and international communication center of Shenzhen.

In recent years, Futian has consistently ranked at the forefront of China's districts and counties. By 2022, the regional gross domestic product of the district topped 550 billion yuan.

Futian, which has long been the financial powerhouse of Shenzhen with its large number of financial institutions such as brokerages, fund management houses and insurance firms, has in recent years highlighted three industries of science and technology, finance and fashion as its growth drivers.

With its aim to become the central innovation district, the central business district and the central dynamic district, Futian has been striving to become one of the urban districts in the country with a gross domestic product of 600 billion yuan.