One of Hengqin’s strategic partners, Zhuhai-based Gree Electric Appliances, has risen 70 places to 294th on the Forbes 2018 Global 2000 list of the world’s biggest companies, released on 7 June.
The ranking reveals that the company’s sales revenue in 2017 came in at US$23.9 billion, resulting in US$3.6 billion in profit. The company has total assets of US$34.7 billion and a market value of US$45.1 billion.
Founded in 1992 as a state-owned company with headquarters in the Xiangzhou District of Zhuhai, Gree is primarily known as China’s largest manufacturer of air conditioners – although it also produces heating and ventilation equipment, smart devices, air-energy heaters and industrial products.
In March this year, Gree won the bid for a centralized energy station project in Hengqin New Area. As a basic supporting facility project for Hengqin, the comprehensive intelligent energy project is composed of a power station, steam heat network, energy stations and supplementary piping network to supply cold water to local users.
Gree is also building the Gree Tower, one of 18 social investment projects within the Hengqin-Hongwan-FTZ new city center, and on 14 June signed an agreement with Huafa Group to formally establish a comprehensive strategic partnership.
As an aside, the company happens to be the only cooling facilities supplier for the Mordovia Arena in Russia, one of the venues for the current 2018 FIFA World Cup.
The third Macao International Economic and Trade Cooperation Summit and Guangdong-Hong Kong-Macau Greater Bay Area Development Forum was held on 6 June in Macau.
Hengqin Government announced on 16 May that it will hold a global innovation and entrepreneurship competition annually, and participants are not limited to nationality and the winning team will receive RMB100 million
The Zhuhai Intellectual Property Public Service Center opened on 26 April 2018 in Hengqin. The center will be operated by the Hengqin International Intellectual Property Exchange (HIPEX) National Platform Agency, which will provide resources supporting and management expertize.
The service center offers innovative “one-stop” services that focus on addressing social management follow-up service issues and optimizing administrative services.
The McGill University Peter Guo-hua Fu School of Architecture in Canada has opened a new global workstation in Hengqin New Area.
The 4th China-Israel Investment Summit will be hosted in Hengqin from 2 to 3 July 2018.