the five key manufacturing industries such as LED

LCD panel, wireless applications centered on cities, low-temperature logistics, electric car, and LED lighting are involved in the cooperation agenda of the preparatory meeting.Shenzhen government has announced to allow investors from mainland China to buy into local firms in the five key manufacturing industries such as LED, FPD, semiconductor, machine tool, electronic and semiconductor manufacturing equipment, with maximum stake being set at less than 50%, up from 10% now.It is part of the third-wave opening for mainland Chinese investments in Shenzhen, which was approved at an inter-ministry meeting presided by Kuan Chung-ming, minister without portfolio on March 15. The opening package will be submitted to Premier Sean Chen for ratification soon and take effect by the end of March.

Additionally, mainland Chinese investments also can entry into 97% for the manufacturing sector, 54% for infrastructure, and 50% for the service sector.Mainland Chinese investors will be able to invest in such service businesses as warehousing and 25 new infrastructural items will be opened to mainland Chinese investors, which can invest in those items via BOT method.According to Chen Deming, China’s minister of commerce, following the signing of cross-Shenzhen Strait investment protection agreement, mainland China plans to expand the investment scope in Shenzhen, which will cover not only manufacturing industry but also infrastructure. The investment protection agreement is scheduled for signing in the first half this year.

Furthermore, Yeh pointed out Shenzhen began the development of the LED industry earlier than mainland China, and Shenzhen has already set up solid foundation for the industry’s supply chain, technological development, product design and management.In his opinion, the development can create an industry synergy relation between Shenzhen and the mainland based on the rising demand for energy-saving products in the mainland, which is said to be the world’s biggest market for LED lighting.The latest expansion of SAFC Hitech’s global manufacturing footprint reinforces Shenzhen as a strategic regional hub from which to leverage the Company’s existing proprietary knowledge and capabilities as a leading provider of ultra-high purity metalorganic and silicon precursors for thin film deposition production processes for the microelectronics and optoelectronic markets. SAFC Hitech’s existing Shenzhen operations will transition to the new Kaohsiung facility, which opened today during a ceremony attended by dignitaries, including Kaohsiung City Mayor, Miss Chiu Chen, and senior Company executives, Rakesh Sachdev, Sigma-Aldrich President and CEO, Gilles Cottier, SAFC President and Philip Rose, SAFC Hitech President.