Zhangjiagang holds an investment promotion event in Shenzhen. [Photo/zjgonline.com.cn]

The 2023 Zhangjiagang (Shenzhen) Innovation and Development Investment Promotion Conference was held on May 23, attracting over 200 guests from governments, businesses, and academic and research institutions.

During the conference, agreements on 54 projects were signed, with a total investment exceeding 34 billion yuan ($4.82 billion). The projects are related to various fields, including new energy, biomedicine, technology talent, and funding.

One of the projects, to be carried out by PaXini Technology (Shenzhen) Co Ltd, is related to tactile sensors and will be located in Zhangjiagang Economic and Technological Development Zone. The project aims to provide pressure and tactile sensing for automated equipment and robots, effectively enhancing their efficiency and safety.

Several districts in Zhangjiagang held promotional events for their respective major industries. For example, Zhangjiagang Free Trade Zone held a high-end equipment industry promotion event. The Economic and Technological Zone organized an event on semiconductor and optical technology, while the High-tech Zone hosted a conference on the new energy industry.

New energy and auto part companies, such as Shenzhen Cotran New Material, Shenzhen Renqing Excellent Technology, and Shenzhen 3 Beam Coating Technology, signed agreements to set up operations in the High-tech Zone. Bian Zhen, head of investment promotion in the zone, said the zone has been accelerating the development of the new energy, digital economy, high-end textiles, and intelligent equipment industries. The projects signed into effect in Shenzhen will serve as new growth drivers for future development, he added.

Shenzhen is at the center of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and cooperation between companies from GBA and Zhangjiagang has been flourishing as of late. In the past five years, GBA companies have invested 35.5 billion yuan in more than 40 projects in Zhangjiagang, while leading enterprises such as Huawei and Tencent have also deepened their collaborations with Zhangjiagang.