Introduction
Huizhou Zhongkai High-tech Park (ZKHTP) is located in the southwestern area of Huizhou City, and was named after Liao Zhongkai, a famous historical figure born in Huizhou. The Park was awarded state-level status by the State Council in November 1992.
It is 7 km from downtown Huizhou, 68 km from Shenzhen and 90 km from Hong Kong. It is 100 km from Shenzhen Airport and 160 km from Guangzhou Airport.
Huizhou City is located at the eastern part of the Pearl River Delta. It is a cozy and beautiful city with the West Lake situated in the downtown area. Huizhou used to be relatively isolated from other parts of Guangzhou. However, with the accelerated development of infrastructure in Huizhou, this is no longer the situation today.
The construction of expressways since the mid-1990s has meant that traveling time from Huizhou to major cities like Guangzhou, Shenzhen and Dongguan has been reduced by half.
Investment Climate
Huizhou is a late developer in the Pearl River Delta. Yet, the local government is upbeat about its future, citing the so-called advantages of being developed later, in terms of land and property prices, water resources and labour. All thesecapital costs are comparatively lower. This is an important factor in attracting investors to divert their investments to Huizhou.
The most famous enterprise in ZKHTP is TCL Group, the third largest IT & Electronic enterprise in China. In 2003, its total revenue reached RMB 38.2 billion (USD 4.62 billion). TCL Group headquarters is based in Huizhou downtown, and its largest manufacturing base is located in ZKHTP, including its largest TV production line and largest mobile phone production line. TCL Group has six TV production lines in China. All procurement and manufacturing resources undergo centralized allocation in ZKHTP, which in turn has attracted more upstream suppliers.
Other famous investors include LG, Sony, Dasey etc. By the end of 2003, there were more than 300 enterprises located in ZKHTP. Total foreign investment reached USD 620 million. The Parkæ?? GDP reached RMB 8.8 billion (USD 1.06 billion).
ZKHTP is 60 km from Huizhou Daya Bay. As Daya Bay emerges as a giant petrochemical base in South China, fine chemicals is expected to be a new growth engine for ZKHTP.
