Luohu's Business Expansion Efforts in Europe Open New Doors

Luohu District Strengthens Economic Ties with Europe

In a significant move aimed at broadening its economic horizons, Luohu District has recently dispatched a delegation to Portugal and Spain. This initiative follows a fruitful tour of the Asia-Pacific region and emphasizes Luohu's determination to explore trade opportunities within the European market.

Key Event and Attendees

At the heart of this outreach was the Economic and Trade Cooperation and Exchange Conference held in Lisbon. This event attracted over 30 prominent companies and institutions from Portugal, including respected entities like the Oveiras Valley Investment Agency (OVIA) and Timing Group. Each of these organizations demonstrated a keen interest in forming collaborative ventures with Luohu.

Areas of Interest

The sectors targeting collaboration span healthcare, finance, media, business services, and cultural tourism. These discussions mark a pivotal step in not only fostering economic partnerships but also enhancing Luohu’s global business presence.

Luohu’s Economic Landscape

Luohu is well-known for its vibrant economic environment, positioned strategically within Shenzhen, a city recognized for its rapid innovation and growth. The district's economy flourishes around finance, commerce, and various business services. In addition, Luohu has emerged as a hub for cultural creativity, gold trading, and jewelry manufacturing, painting a diverse picture of economic strength.

Service Industry Dominance

The service industry plays a crucial role in Luohu's economy, contributing approximately 94% to the district's GDP. With over 100 licensed financial institutions operating within its borders—including major international firms such as PwC, EY, and Deloitte—Luohu is cementing its position on the global financial stage. Furthermore, the health sector is expanding quickly, supported by strong incentive policies.

Healthcare Sector Innovations

Luohu's dedication to healthcare innovation is evident in its focus on precision medicine and high-end health preservation. The district is actively cultivating advancements in innovative drugs and medical devices. In 2023 alone, Luohu saw the creation of 32 innovative platforms in the health and medical domains, demonstrating an unwavering commitment to progress.

Research and Development Collaborations

A standout initiative is the Shenzhen-Europe Innovation Medicine and Health Research Center. This center, a collaboration between the district government and the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences, is designed to attract international talent and spur innovative research.

Boosting Medical Aesthetics

In an effort to further bolster the medical cosmetology sector, Luohu has implemented incentives that have made a significant impact. At the close of 2023, the district issued 10 key measures to enhance medical aesthetics consumption, regulate services, and support product exchanges both online and offline.

Commitment to Global Business Relationships

During the recent delegation’s visits to both Spain and Portugal, commitments were made to enhance service quality and create a better business environment aimed at attracting both local and foreign investments. This approach reflects Luohu's proactive strategy in building lasting global partnerships.

Engagement with Industry Leaders

Engagements with leaders from global firms, such as the Global Media Group and Joinko Group, further underscore Luohu’s commitment to fostering international collaboration. These interactions facilitate a wealth of opportunities for Luohu to expand its reach and influence in the global economy.

Frequently Asked Questions

What is the main goal of Luohu's recent delegation to Portugal and Spain?

The aim is to explore economic and trade opportunities, strengthening Luohu's presence in the European market.

Which sectors are Luohu interested in collaborating on with Portuguese companies?

Luohu is particularly focused on healthcare, finance, media, business services, and cultural tourism.

How does Luohu support its health industry?

Luohu has enacted strong incentive policies and established innovative platforms for development in the health sector.

What is the Shenzhen-Europe Innovation Medicine and Health Research Center?

This center is a collaborative effort aimed at advancing medical research and attracting global talent to Luohu.

What steps is Luohu taking to enhance its business environment?

Luohu is committed to improving service quality and optimizing conditions for both domestic and international investors.

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