On July 10, Dongguan held a Multinational Corporations Cooperation Conference. About 100 attendees included representatives from Fortune 500 companies, the Chinese headquarters of multinational corporations, key foreign-invested enterprises, and foreign consulates and institutions in China. At the conference, Dongguan addressed multinational companies, stating that policies could be “customized” and ensured “ample resources.” “Whether it’s land space, equity matching and co-investment, landing efficiency, or financial incentives, Dongguan will strive to do better than other cities.”
Investing in Dongguan is timely; Dongguan is the most promising land for future development in the Greater Bay Area; continuing to act as a connector and telling the Dongguan story well; Dongguan is one of the top investment destinations for over 2,300 American and international member companies... At the exchange conference, representatives from several multinational companies and institutions, including Samsung Electronics Korea, KPMG China, the American Chamber of Commerce in South China, Cainiao Network, and FLYTL, praised Dongguan.
Samsung Korea:
Dongguan is the most promising land for future development in the Greater Bay Area
Samsung is the multinational company with the largest cumulative investment in China since the country’s reform and opening up. Dongguan was one of the first cities in China where Samsung established a presence. In July 1992, Dongguan Samsung Electro-Mechanics Co., Ltd. was officially established in Liaobu Town, Dongguan, becoming the first Samsung Group manufacturing enterprise to enter China before the establishment of diplomatic relations between China and South Korea. In December of the same year, Dongguan Samsung Vision Co., Ltd. was established in Houjie Town, Dongguan.
“We are not only participants and witnesses of China’s reform and opening up but also real beneficiaries,” said Wang Tong, Global Vice President of Samsung Electronics and Chief Vice President of Samsung Greater China. “We have always believed in the development potential and growth prospects of the Chinese market. We consider Dongguan to be the most promising land for future development in the Greater Bay Area.”
“Contrary to rumors of Samsung withdrawing from China, we have actually increased our investment in the high-end component industry,” Wang Tong emphasized. Over the past decade, Samsung’s development strategy in China has rapidly shifted from primarily assembly-based electronics to cutting-edge component industries such as semiconductors, new energy vehicle batteries, and new display devices.
KPMG China:
Continuing to Act as a Connector and Tell the Dongguan Story
KPMG China is the first international accounting firm to establish a presence in Dongguan and also one of Dongguan’s earliest “global investment partners.” Li Jialin, Vice Chairman of KPMG China, stated that the establishment of the Dongguan office is a significant step in KPMG’s deepening layout in the Greater Bay Area. He believes that Dongguan, through accelerating new industrialization in recent years, has continuously enhanced its comprehensive strength and demonstrated the unique “siphon effect” of a “dual 10,000-billion city” in attracting investments. In the future, KPMG China will continue to act as a connector and effectively tell the Dongguan story.
“As a major outward-looking economy, Dongguan has attracted investments from over 80 Fortune 500 companies. Driven by new types of productivity, Dongguan is gradually forming internationally competitive industrial clusters by promoting the digitalization and intelligent transformation of industries, creating a favorable market environment for the development of high-quality global projects,” Li Jialin said. He also noted that KPMG China is vigorously assisting Dongguan in cultivating emerging and future industries, using its expertise in audit, tax, and advisory services to drive innovation and transformation in local enterprises, enhance economic efficiency, and provide comprehensive support for Dongguan’s global layout.
DuPont China:
Striving to settle more projects in Dongguan
DuPont’s connection with Guangdong and Dongguan has a long history. Over the years, DuPont’s development in Dongguan has received comprehensive support from all levels of government, which has strengthened our commitment and determination to “root ourselves in Dongguan and develop together.” In 2023, DuPont’s Dongguan factory successfully expanded and upgraded its production lines. “We hope to work together with the support of all levels of government to bring more valuable projects to Dongguan,” said Chen Zhidong, General Manager of DuPont China and General Manager of DuPont China’s R&D Center.
The American Chamber of Commerce in South China:
Dongguan is one of the top investment destinations for over 2,300 American and international member companies.
The American Chamber of Commerce in South China is an independent, non-partisan, non-profit business organization, accredited by the U.S. Chamber of Commerce in Washington, D.C. Since its establishment in 1995, its national headquarters has been in Guangzhou, with offices in Shunde, Shenzhen, Fuzhou, and Xiamen. The chamber has over 2,300 members, representing nearly 40% of U.S.-China business, trade, and investment. It publishes many important research reports annually, which receive significant attention both domestically and internationally.
Harley Seyedin, President of the American Chamber of Commerce in South China, stated that according to the “AmCham South China Business Conditions Special Report 2024” released on February 27, 80% of respondents reported positive or very positive overall investment returns in China. China remains the top investment destination for most of the chamber’s members.
“Our research also shows that Dongguan has become one of the top investment destinations for our 2,300 American and international member companies,” said Harley Seyedin. “Dongguan is not just a city, but a key hub for manufacturing, technology, and innovation. The city offers a business-friendly environment, an efficient government system, streamlined regulations, supportive policies, and a skilled workforce ready to drive growth and innovation. I have every reason to believe that Dongguan will serve as another gateway for American companies to enter the Chinese market. As the largest foreign-invested chamber in South China, the American Chamber of Commerce in South China will fully support and assist Dongguan in attracting foreign investment and making a greater contribution to building a new development model.”
Cainiao Network:
Helping Dongguan Enterprises Expand Globally More Effectively, Quickly, and Efficiently
Founded in 2013, Cainiao Network is the world’s leading cross-border e-commerce logistics company, with services covering international express delivery, international supply chain, and local services overseas. In 2019, Cainiao invested in and built its first industrial park in Dongguan. After five years of development, Cainiao now operates over 10 logistics parks in Dongguan, with an operational area of approximately 1 million square meters.
Shi Dayan, General Manager of Public Affairs for Cainiao Network South China, stated that cross-border logistics play a significant role in Cainiao’s operations in Dongguan. In Machong, Dongguan, Cainiao has invested approximately 1.3 billion yuan to build a cross-border logistics park with a total construction area of about 300,000 square meters. This park provides a comprehensive cross-border supply chain solution for Dongguan and the Greater Bay Area’s manufacturing sector.
“Cainiao’s supply chain development also relies on the strong support and policy guidance from the Dongguan municipal government,” Shi Dayan noted. In 2024, Cainiao plans to conduct no fewer than 10 international supply chain empowerment activities in Dongguan, aiming to help Dongguan enterprises expand globally more effectively, quickly, and efficiently through Cainiao’s global supply chain network.
Feiliks:
Investing in Dongguan at the right time
Feiliks, a publicly listed company serving the electronics information and smart manufacturing industries, as well as the electronic components distribution supply chain, has long been rooted in the electronics information industry and serves various fields of production, supply, and sales. It is a well-known brand in the domestic supply chain sector. In 2015, Feiliks officially established a presence in the Dongguan Humen Port Comprehensive Bonded Zone. In March of this year, Feiliks began construction of the Dongguan Feiliks Electronic Components Distribution Center within the bonded zone.
“We believe the construction of this distribution center comes at just the right time! We have deeply felt the city’s embrace of innovation, pursuit of efficiency, and care for businesses. Over the past nine years, Feiliks has experienced the fastest and smoothest development in Dongguan,” said Yang Fan, Vice President of Jiangsu Feiliks International Logistics Co., Ltd. This success is attributed to the excellent investment environment, efficient administrative processes, smooth communication mechanisms, and pleasant cultural environment here. Especially memorable was when Feiliks relocated its entire 20,000 square meters to Dongguan. On the first day of shipment, August 1, the company faced dual typhoons and heavy rain. The staff from the bonded zone and customs responded quickly, braving the wind and rain to be on-site, providing full assistance to ensure the smooth relocation and shipment, allowing the company to truly experience “Dongguan speed” and “Dongguan warmth.”
