Flurry of 2022 Fortune China 500 Companies Set Up Shops in DYEC
2022-10-18
The Fortune Plus mobile APP released the 2022 Fortune China 500 list on July 12 (CST), weighing the performance and achievements of the world's largest listed Chinese companies in the past year. Of the companies that made the list, nearly 50 have taken the lead in deploying operations in the DYEC (Danzhou-Yangpu Economic Circle) to seize new opportunities for investment in the Hainan FTP, while giving a boost the third pole of high-quality development in Hainan. In terms of industrial layout, these Fortune China 500 companies have all started up projects within the DYEC that play to their strengths while firmly aligning with the DYEC's development goals of building three industrial clusters (petrochemical new materials, port and shipping logistics, and international trade), each with 100 billion output value, as well as the construction of a modern industrial system. Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (377th) established the Oriental Yuhong Hainan Yangpu Green New Materials Comprehensive Industrial Park project, filling the gap in Hainan's green building materials market. In November 2021, the first waterproof coating products successfully rolled off the production line. In the port and shipping logistics sector, the shipping giant COSCO SHIPPING Holdings Co. , Ltd. (37th) seized the policy benefits of Yangpu Port to set up operations, and now enjoys a number of open shipping preferential policies through the Port of Yangpu. In the international trade sector, a number of enterprises such as PetroChina, Sinochem International, and Xiamen C&D Inc. set their sights on the implementation of the high-level opening-up pilot policy for cross-border trade and investment in Yangpu Economic Development Zone, establishing novel offshore international trade operations and forming the beginnings of a new industrial cluster. In addition to the development goal of building three industrial clusters, each with 100 billion in total output, there are also a variety of business formats that have taken root, promoting the development of industrial clusters with 10 billion in total output within the DYEC. Shanghai Electric Group Co., Ltd., (103rd) and Shenergy Co., Ltd. (452th) have joined forces to launch the Yangpu Shenergy Electric Wind Power New Energy Equipment Industry Project, helping to build an industrial cluster with 10 billion in total output while serving national energy supply needs. Other players in the wind power industry sector, Datang International Power Generation Co., Ltd. (134th), Dongfang Electric Co., Ltd. (264th), and Power Construction Corporation of China (30th), are jointly constructing the Hainan Yangpu Offshore Wind Power industrial Park.The project broke ground in April this year and is currently under construction. In the healthy food processing sector, Xiamen International Trade Group Co., Ltd., (27th), has launched the Xiamen International Trade Green Condiment R&D and deep processing project to help promote high-quality investment in the IHFP (International Healthy Food Port). China Energy Engineering Group (41st) has commenced the Yangpu International Shipping Center Building Project. It will be a diversified business complex serving the Hainan FTP, integrating international shipping business, high-end business offices, and business hotels, while promoting the planning and construction of Huanwan New Town and the further integration of industry and cities within the DYEC. Riding on the rapid development of Hainan Free Trade Port construction and the orderly advancement of the integration of Danzhou and Yangpu, these powerful enterprises have decided to establish operations within the DYEC. Their choices have not only affirmed the progress of FTP construction and the dividends to be reaped from policy advantages, but also strengthened the efficiency of industrial factor agglomeration. With the support of these leading enterprises, the industrial development of the DYEC will continue to gain momentum, promoting the creation of a pilot and demonstration area for the integrated development the third pole of high-quality development and industry-city integration in the Hainan FTP. A partial list of companies on the Fortune China 500 list
