Chengdu Shuangliu District Actively Soliciting Quality Investors
As one of the main districts under the administration of Chengdu, the capital city of Sichuan Province, and with a robust industry carrier, the Shuangliu District is aggressively soliciting investments from global leading and quality enterprises to form industrial clusters and build city-industry integrated, modern industry ecosystems, particularly those for information technology, aviation economy and green energy, seeking to score annual manufacturing revenues of CNY400 billion by 2025 with a CAGR of 12%, according to the Investment Promotion Bureau of the district.
Officially upgraded from a county level to one of Chengdu's 13 central districts in 2017, the Shuangliu District witnessed 92 newly signed investment projects with CNY115.937 billion (US$18.10 billion) in aggregate agreed capital injections in the year, surging 46.8% and including 27 projects each worth over CNY500 million, according to the bureau's statistics. The same tallies indicated that also in 2017, the district recorded IT production value of CNY78.1 billion and saw Tsinghua Unigroup kick off construction of its 12-inch wafer fab at a total investment of CNY150 billion.
The bureau has announced that a total of 39 projects with total investments of CNY18 billion will be kicked off in 2018. Among them, 18 are academics-industry cooperative investment projects valued at CNY14 billion, and their combined annual production value may reach over CNY20 billion.
100-day investment promotion contest
Meanwhile, as of the end of March 2018, 12 new investment pacts were signed, with 10 involving investment of over CNY500 million each. In addition, since the Chengdu city government launched a 100-day investment promotion competition starting April 10, the Shuangliu District has newly introduced six major investment projects, with at least one of them entailing investments of over CNY5 billion.
Meanwhile, as home to Chengdu Xingu Industrial Parks, a mega complex dedicated to the development of IC-related industries, the Shuangliu District has successfully attracted leading China and overseas businesses to invest in the district through a spate of measures, gradually forming industry clusters, according to the district's Investment Promotion Bureau.
Among the measures is that the bureau has set up investment promotion offices in major cities including Shanghai, Beijing, and Shenzhen to promote investments from leading China enterprises in semiconductor and other tech sectors, as well as their upstream and downstream partners.
The bureau is also enhancing cooperation with professional brokerage organizations to expand its channels for investment solicitation, while also hosting optoelectronics industry development seminars for makers across the Taiwan Straits and sponsoring industrial social activities in Taiwan with IT players.
(Editor's note: This is part of a series by Digitimes about the latest developments of high-tech industries in Chengdu, one of the areas with fast economic growth in China.)