Recently, the Chinese Overseas Chinese Investment (Guangdong) Conference hosted by the Chinese Federation of Overseas Chinese and the Guangdong Provincial People's Government was held in Guangzhou. The conference showcased the achievements of overseas Chinese participation in Guangdong's economic and social construction, and held a centralized signing event for key projects. At the same time, the "Overseas Chinese Participation in High Quality Development Initiative" was released, calling on overseas Chinese businesses and enterprises to jointly participate in high-quality development and achieve win-win results.
Guangdong is a key hometown of overseas Chinese and a province with abundant resources for overseas Chinese affairs. The vast number of overseas Chinese is an important force in promoting high-quality development in Guangdong and linking with the whole country. In recent years, Guangdong has extensively gathered "overseas Chinese hearts", "overseas Chinese strength", and "overseas Chinese wisdom", and "using overseas Chinese as a bridge" to gather overseas Chinese forces, attracting overseas Chinese to actively participate in the construction of major cooperation platforms in the Guangdong Hong Kong Macao Greater Bay Area and Hengqin, Qianhai, Nansha, etc., playing a prominent role in promoting investment attraction and achieving major project investment in Guangdong, injecting "overseas Chinese" power into the "manufacturing industry leader".
One is to attract high-level investment and unleash the investment potential of overseas Chinese merchants. Guangdong can seize the opportunity of the return of overseas Chinese merchants and make full use of the key strategy of "using overseas Chinese as a bridge" to achieve new breakthroughs in attracting overseas Chinese investment. Encourage existing overseas Chinese enterprises to spread overseas Chinese capital return experience, and drive Overseas Chinese and overseas Chinese potential forces to enhance investment enthusiasm in Guangdong. Using "homesickness" as the endogenous driving force to promote overseas Chinese businessmen's return to their hometowns for investment, we will take multiple measures to attract high-quality overseas Chinese businessmen to return to their hometowns for investment, and promote the transformation of Guangdong's investment attraction from a single investment attraction to "attracting overseas Chinese investment", "attracting overseas Chinese intelligence", and "attracting overseas Chinese technology". As of now, there are approximately 61800 overseas Chinese (Hong Kong and Macao) enterprises investing in Guangdong, accounting for nearly 60% of the total number of foreign-funded enterprises in the province, with a total investment of over 260 billion US dollars, accounting for nearly 70% of the total amount of foreign investment introduced in the province. The total number of overseas Chinese merchants is leading in the country, and the number of overseas Chinese merchants is still on the rise. This provides strong support for Guangdong to create high-quality economic development empowered by overseas Chinese investment.
The second is to refine project investment and optimize the local industrial structure. Overseas Chinese investment helps to supplement the shortage of funds and advanced technology for the development of key industries, and promotes the optimization and upgrading of Guangdong's strategic emerging industry structure. Although the current industrial structure of Guangdong is relatively complete, there is still a certain gap between some segmented fields or industries and the international advanced level. For example, in the production field of mass spectrometry instruments in China, overseas Chinese enterprises have played an important role. Before the domestic production and research and development were carried out, overseas Chinese enterprises took the lead in investing in the research and development of mass spectrometry instruments, filling the gap in multiple fields such as environmental monitoring, changing the long-term dependence of Chinese mass spectrometry instrument production on imports, and achieving optimization and adjustment of industrial structure. It can be seen that overseas Chinese enterprises' investment in Guangdong still has great potential in promoting the upgrading and development of Guangdong's key industrial chains.
Thirdly, improve industry standards and promote the transformation and upgrading of the manufacturing industry. Promoting the formulation of industry standards can help enhance the discourse power of manufacturing enterprises and become a new driving force for industrial upgrading and development. Product quality is the lifeline of enterprises. Overseas Chinese enterprises promote the construction of standards, enhance the product quality standards and bottom line of manufacturing enterprises in the province, and help comprehensively enhance the competitiveness of regional manufacturing industry. Excellent overseas Chinese enterprises' investment brings advanced standards to the industry, promotes the optimization of local manufacturing industry, and helps the transformation and upgrading of local manufacturing industry. Guangdong is the "bridgehead" to promote the construction of standards. The standardization construction has an important influence in the country. In the process of standardization construction, overseas Chinese enterprises have played an important role.
Fourthly, leverage economies of scale and empower local manufacturing industries. Overseas Chinese enterprises investing in Guangdong will promote the construction of industrial clusters and empower the development of local manufacturing industries. It helps to leverage the industrial cluster effect, attract enterprises in the same industry, connect upstream and downstream enterprises for coordinated development, empower industry investment attraction, promote the development of local manufacturing industry, and inject strong momentum into Guangdong's realization of "manufacturing industry leadership".
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