On November 7, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, met with Provincial Party Secretary Li Xi, Governor Ma Xingrui, Shenzhen Municipal Party Secretary Wang Weizhong, and Mayor Chen Rugui in Guangzhou and Shenzhen respectively. At the meeting, Carrie Lam said that Hong Kong is full of confidence in the future, and will follow the central decision and deployment, seize the favorable opportunity of the "14th Five-Year Plan", and further strengthen work docking with Guangdong, and join hands to build a high-quality Guangdong-Hong Kong-Macao Greater Bay Area. Continue to deepen trade and investment, technological innovation, infrastructure construction, etc., achieve complementary advantages and win-win development, and actively and deeply promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. As a bridgehead connecting Hong Kong, Shenzhen can give full play to its geographical advantages, link more capital, and provide ample funding environment for the further development of LED display companies.
Greater Bay Area strategy for Shenzhen LED screen enterprises
Provide more development channels
On February 18, 2019, the State Council issued the "Outline of Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area" (hereinafter referred to as the "Outline"). The "Outline" clarifies that the Guangdong-Hong Kong-Macao Greater Bay Area takes Hong Kong, Macau, Guangzhou, and Shenzhen as the core engines for regional development, giving full play to its comparative advantages to become better and stronger, and radiate to drive Zhuhai, Foshan, Huizhou, and Dongguan. The development of 7 cities, Zhongshan City, Jiangmen City, and Zhaoqing City is one of the regions with the highest degree of openness and strongest economic vitality in my country, and it has an important strategic position in the overall situation of national development. The "Outline" also pointed out that while Guangzhou, Shenzhen, Hong Kong and Macao are playing their core engines, they support Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing and other cities to give full play to their advantages, deepen reforms and innovations, enhance development coordination, and strengthen cooperation with the center. The interactive cooperation of cities will promote the development of surrounding characteristic towns and jointly improve the quality of urban agglomeration development.
From the perspective of urban development, Guangshen, as a high-tech, highly mature, high-GDP, and high-consumption city in Guangdong Province, should develop third-party industries and high-tech industries represented by the tourism service industry, and transfer factories and small workshops. , Optimize and upgrade industrial institutions, and move towards a more scientific development stage. However, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing are cities with a lower level of one or two levels, with convenient transportation and relatively low price levels, which can accept factories transferred from Guangzhou to Shenzhen, thus driving employment in the seven cities at the same time. , Can further strengthen the link between the seven cities and Guangzhou, Shenzhen, Hong Kong and Macao. As the production base of 80% of LED display companies across the country, Shenzhen has been increasing consumption levels in the past two years. Many LED display companies have moved their factories to neighboring Dongguan, Foshan and other places. The further advancement of the Hong Kong-Macao Greater Bay Area will undoubtedly be even more powerful for LED screen companies that need to move their factories. The "Outline" promotes the construction of the "Guangzhou-Shenzhen-Hong Kong-Macau" science and technology innovation corridor, and explores policies and measures that are conducive to the cross-border flow and regional integration of innovative elements such as talent, capital, information, and technology, and jointly build the Guangdong-Hong Kong-Macao Greater Bay Area. The explanation of the big data center and the international innovation platform shows the strong support for Guangzhou-Shenzhen technology enterprises in the strategy of the Greater Bay Area.
In addition, in the strategy of the Guangdong-Hong Kong-Macao Greater Bay Area, it is necessary to play the leading role of leading enterprises, actively develop the digital economy and the sharing economy, and promote economic transformation and upgrading and social development. Promote inter-regional cooperation in digital creative industries such as animation and games, network culture, digital cultural equipment, and digital art exhibitions, and promote the application of digital creativity in exhibitions, e-commerce, medical and health, education services, tourism and leisure and other fields. With the further implementation of my country’s Mini/Micro LEDs, Apple’s application of mini LEDs and micro LEDs for wearable devices, news continues to spread. The further deepening of the Guangdong-Hong Kong-Macao Greater Bay Area is conducive to the infusion of Hong Kong and international capital, and is an important factor for LED screen companies. Deepen the maturity of Mini/Micro LED applications and reduce worries, thereby speeding up the advancement of Mini/Micro LED technology. In addition, with the maturity of my country's LED display technology, the form of LED displays can be ever-changing, further broadening and extending application scenarios. Therefore, more and more digital creative landing devices use creative LED displays as one of the manifestations of creativity. Under the epidemic situation in the first half of the year, smart medical care developed rapidly, and small-pitch LED displays with high-definition display and long service life gradually entered the smart medical industry, providing high-definition display for telemedicine collaboration. The interoperability of the Guangdong-Hong Kong-Macao Greater Bay Area not only facilitates the flow of smart healthcare, conference all-in-one machines, and creative LED displays to various nationalized Hong Kong and Macao regions, and provides new development paths for LED display companies, but also introduces capital, talents, etc. , To accelerate the development of LED displays and LED screen enterprises.
Speed up the cooperation model of Hong Kong + Shenzhen + N
Promote the development of the LED display industry
As we all know, Hong Kong is China’s international financial, shipping, trade center and international aviation hub. It is also one of the three major international financial centers. As an international port of China’s finance, Hong Kong not only gathers capital from Hong Kong, but also absorbs capital from all over the world. Under the regional strategy, strengthen the global offshore RMB business hub position, the functions of the international asset management center and the risk management center, promote the development of finance, commerce, logistics, and professional services in the direction of high-end and high value-added, and strengthen the link between Hong Kong and Shenzhen, which is beneficial to the international The inflow of capital can be said to provide more sources of funding channels for LED screen companies. During a seminar in Shenzhen, Chief Executive Carrie Lam expressed support and affirmation for Shenzhen's high-tech enterprises in introducing Hong Kong capital. She pointed out that Hong Kong’s advantages in financial services and international connections can provide support to Shenzhen and other cities in the Greater Bay Area. At the same time, combined with Shenzhen’s innovation and technology advantages, Hong Kong will drive Shenzhen to develop more high value-added businesses. On the one hand, Hong Kong will be an important part of leading Shenzhen-Hong Kong cooperation. So far, Hong Kong still accounts for 80% of foreign-funded enterprises in Shenzhen, so with such a good foundation and such a good relationship, we must continue to develop.
In addition to Ms. Carrie Lam’s affirmation, the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline" issued last year also clearly stated that Hong Kong and the mainland residents and institutions should expand the space for cross-border investment, and steadily expand the investment by residents of the two places in each other’s financial products. Channels. Under the premise of compliance with laws and regulations, orderly promote cross-border transactions of financial products such as funds and insurance in the Greater Bay Area, continuously enrich investment product categories and investment channels, and establish funds and product exchange mechanisms; support Hong Kong institutional investors in the Greater Bay Area as required The district raises RMB funds to invest in the Hong Kong capital market, participates in the investment of domestic private equity investment funds and venture capital funds; supports Hong Kong to develop more offshore RMB, commodities and other risk management tools, and a series of financial mutual assistance policies can be used for both Shenzhen and Hong Kong. Local capital circulation provides convenience and support. In recent years, due to the gradual expansion of the global LED display market, the annual turnover of my country’s LED display companies has also shown a trend of increasing year by year. Therefore, in order to further expand the scale of enterprise development, many companies in the industry have already prepared for listing issues years ago. With the support of the Guangdong-Hong Kong-Macao Greater Bay Area strategy, Shenzhen's LED screen companies can take advantage of their geographical location, introduce capital from Hong Kong, increase R&D and productivity, and thus form a Hong Kong + Shenzhen model.
In recent years, Shenzhen has developed rapidly and has become a first-tier city in the world. At the same time, the production cost of LED screen companies has risen. In order to save costs, while ensuring quality, many LED screen companies have begun to move their factories to lower-cost areas such as Heyuan, Dongguan, and Foshan, while the Shenzhen headquarters with plenty of opportunities serves as a bridgehead for corporate R&D and sales. Hong Kong As a port of capital introduction and the first stop for screen companies to open up the international market, a model of Hong Kong + Shenzhen + N is formed, thereby promoting the development of LED screen companies. These areas are the core development areas of the Guangdong-Hong Kong-Macao Greater Bay Area, and the policies in the implementation and implementation of the Greater Bay Area’s strategy will definitely meet the above areas. This shows that the Guangdong-Hong Kong-Macao Greater Bay Area is also a big opportunity for the future of screen enterprises.
Shenzhen Fly-LED LTD LED trailer P4 LED Display Project Show
