Page 78 - 2022 Special Report on the State of Business in South China
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The scale of cross-border capital flows will upward - New technologies, new products, new
to a new level, and the total number of domestic industries, new business models will continue
and foreign listed enterprises will exceed to 1,500, to emerge and develop. Key industries will
including more than 1,000 A-share listed enterprises realize innovation breakthroughs. Guangdong’s
and more than 400 listed enterprises in Hong Kong. innovation capability of manufacturing will catch
up with the international leading level. A globally
- Attracts more than 10 national FinTech manufacturing innovation hub will be built up.
research institutions and fosters over 10 FinTech
unicorn enterprises, as well as above 5 FinTech - Promote a larger, deeper, and wider opening-
listed enterprises. There will be 15 financial up to optimize the supply chain that can provide
enterprises that being listed into the “Top 100 mutually benefits for global cooperation. Expand
Global FinTech Patents" evaluated by World international trade and investment. Build new
Intellectual Property Organization. advantages in participating in international competition
and become a forefront of advanced manufacturing.
- Build an innovative capital center that
is compatible with the development of the - Accelerate the construction of digital
"Guangdong, Shenzhen, Hong Kong and Macao" government, upgrade the market operation,
science and technology innovation area and the transaction regulations and service system to
"advanced equipment manufacturing industry foster a market-oriented, legal, and international
chain on the west bank of the Pearl River". The business environment, and build a global first-class
number of listed enterprises in the regional equity manufacturing development center.
market will reach 30,000, and the total scale of
venture capital funds will reach RMB5 trillion, more Key Economic Targets:
than 30 venture capital institutions will enter the top
100 fund management list, and 500 enterprises will - The manufacturing industry will unleash
be listed in the Science and Technology Innovation its growth potential. By 2025, the value-added
Board and the Growth Enterprise Market. of manufacturing will account for more than 30%
of local GDP, and the value-added of high-tech
The Outline of the 14th Five-Year Plan manufacturing will take 33% share of the value-
(2021-2025) for Guangdong Manufactur- added of manufacturing overall.
ing Development16
- Innovation will realize new breakthroughs.
The 14th Five-Year Plan period is the key milestone By 2025, 2.3% of revenue of manufacturing
for high-quality development of manufacturing. On enterprises will be invested into R&D sector, and
30 July 2021, the government of Guangdong set up the number of effective invention patents of
development plans, main targets, and key sectors manufacturing industries will reach 230,000.
for manufacturing industry. Specifically:
- By 2025, the product qualification rate of
Strategic Orientations: the manufacturing will exceed 94%, the number
of enterprises receiving the China Quality Award
- Construct a number of strategic industrial or nomination will reach 20, and the total labor
clusters with comprehensive industrial chains, productivity of the manufacturing will reach RMB
influential power and strong competitiveness, 300,000 per person.
to maintain 1st rank of manufacturing industry
in China. Continue to upward to the middle and - The digital industrialization and industrial
high-end of the value-added in global industrial digitalization will both achieve new breakthroughs.
chain and become the global advanced Guangdong will lead the industrial digitalization,
manufacturing base. intelligent network and IoT’s development in China.
By 2025, the number of enterprises that implement
16 Government site of Guangdong, http://www. IoT digital transformation will reach 50,000.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
78
to a new level, and the total number of domestic industries, new business models will continue
and foreign listed enterprises will exceed to 1,500, to emerge and develop. Key industries will
including more than 1,000 A-share listed enterprises realize innovation breakthroughs. Guangdong’s
and more than 400 listed enterprises in Hong Kong. innovation capability of manufacturing will catch
up with the international leading level. A globally
- Attracts more than 10 national FinTech manufacturing innovation hub will be built up.
research institutions and fosters over 10 FinTech
unicorn enterprises, as well as above 5 FinTech - Promote a larger, deeper, and wider opening-
listed enterprises. There will be 15 financial up to optimize the supply chain that can provide
enterprises that being listed into the “Top 100 mutually benefits for global cooperation. Expand
Global FinTech Patents" evaluated by World international trade and investment. Build new
Intellectual Property Organization. advantages in participating in international competition
and become a forefront of advanced manufacturing.
- Build an innovative capital center that
is compatible with the development of the - Accelerate the construction of digital
"Guangdong, Shenzhen, Hong Kong and Macao" government, upgrade the market operation,
science and technology innovation area and the transaction regulations and service system to
"advanced equipment manufacturing industry foster a market-oriented, legal, and international
chain on the west bank of the Pearl River". The business environment, and build a global first-class
number of listed enterprises in the regional equity manufacturing development center.
market will reach 30,000, and the total scale of
venture capital funds will reach RMB5 trillion, more Key Economic Targets:
than 30 venture capital institutions will enter the top
100 fund management list, and 500 enterprises will - The manufacturing industry will unleash
be listed in the Science and Technology Innovation its growth potential. By 2025, the value-added
Board and the Growth Enterprise Market. of manufacturing will account for more than 30%
of local GDP, and the value-added of high-tech
The Outline of the 14th Five-Year Plan manufacturing will take 33% share of the value-
(2021-2025) for Guangdong Manufactur- added of manufacturing overall.
ing Development16
- Innovation will realize new breakthroughs.
The 14th Five-Year Plan period is the key milestone By 2025, 2.3% of revenue of manufacturing
for high-quality development of manufacturing. On enterprises will be invested into R&D sector, and
30 July 2021, the government of Guangdong set up the number of effective invention patents of
development plans, main targets, and key sectors manufacturing industries will reach 230,000.
for manufacturing industry. Specifically:
- By 2025, the product qualification rate of
Strategic Orientations: the manufacturing will exceed 94%, the number
of enterprises receiving the China Quality Award
- Construct a number of strategic industrial or nomination will reach 20, and the total labor
clusters with comprehensive industrial chains, productivity of the manufacturing will reach RMB
influential power and strong competitiveness, 300,000 per person.
to maintain 1st rank of manufacturing industry
in China. Continue to upward to the middle and - The digital industrialization and industrial
high-end of the value-added in global industrial digitalization will both achieve new breakthroughs.
chain and become the global advanced Guangdong will lead the industrial digitalization,
manufacturing base. intelligent network and IoT’s development in China.
By 2025, the number of enterprises that implement
16 Government site of Guangdong, http://www. IoT digital transformation will reach 50,000.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
78
