For the first time, Longhua District was recognized for its achievements in business and investment promotion at the annual Shenzhen Global Investment Promotion Conference, held at the Shenzhen Convention and Exhibition Center on Dec. 6.

At the conference, the district reached agreements with 40 projects to foster further cooperation and signed contracts on-site with five enterprises, including iFLYTEK and Chubb Limited.

A scene at an exchange conference spotlighting unicorn enterprises, which was a sideline event of the 2024 Shenzhen Global Investment Promotion Conference held at Shenzhen Convention and Exhibition Center on Dec. 6. Longhua Government Online

Hexagon AB, a multinational technology enterprise from Sweden, and Meituan Drones were among the top ten companies that relocated to Shenzhen between 2023 and 2024.

At the conference, Longhua District Party Chief Wang Wei introduced the development of key areas and industries in Longhua, highlighting the district's achievements in investment and business promotion. He also outlined the district's business promotion vision for 2025.

The conference attracted over 700 companies and institutions, including more than 200 Fortune Global 500 companies and multinational corporations from 33 countries and regions across Europe, Asia and the Americas.

Throughout the year, a total of 140 projects were introduced, with a combined registered capital exceeding 10 billion yuan (US$13.76 billion). The district welcomed five Fortune Global 500 companies, two China 500 companies, nine listed enterprises, five foreign-funded enterprises, and more than 60 industry-leading companies.

A scene at the Longhua Global Investment Conference in 2022. File photo

In another development, a delegation from the Longhua District Government participated in a sideline promotion conference focused on healthcare and medical devices on Dec. 6, where they signed agreements with the Chinese Medical Equipment Association (CMEA) and Shanghai MetaVision Co., Ltd. Additionally, the district government, in collaboration with the Shenzhen Municipal Small- and Medium-Sized Enterprise Service Bureau, hosted an exchange conference for unicorn enterprises.