On the 14th December, Momentum Works signed a comprehensive strategic partnership MOU with Qianhai International Talent Service Center at the 4th Singapore-China (Shenzhen) Smart City Initiative Joint Implementation Committee meeting in the presence of Joseph Leong, Singapore Permanent Secretary for Communications and Information, and Qin Weizhong, Mayor of Shenzhen Municipal People’s Government.
What (and where) is Qianhai
Qianhai, a key initiative of China’s reform and opening up, is located at the heart of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) – one of the most dynamic economic zones of China which represents more than close to 11% of the country’s total GDP.
With its core built from the ground up (as you can see from the image below), Qianhai’s jurisdiction now includes Shenzhen Bao’an International airport (3rd largest in China with annual passenger volume of 38 million), Nanshan and Dachan Bay Ports (annual cargo volume of 15.91 million TEUs), as well as a financial district which is home to 276 financial institutions.
Tencent, Huawei, DJI, BYD, SF Express, Pingan, SHEIN, Temu and many other big companies are based in or have their operational headquarters in the Greater Bay Area, which is also home to hundreds and thousands of other companies which are vital to the global supply chain.
Momentum Works has collaborated extensively with Qianhai International Talent Service Center this year to facilitate visits and in depth exchanges with senior leaders from international banks, logistics conglomerates, ecommerce platforms and fintech unicorns:
One such leader, an executive committee member of a large multinational, summed up his experience after a visit to Qianhai: “I’ve visited dozens of special economic zones in the world, and Qianhai has been the best experience – all my questions regarding investments and/or operations in the area were answered by the officials before I even asked”.
In 2024, Momentum Works will continue to deepen our partnership with Qianhai through events and immersions for international companies/ participants keen to:
- Understand the real China trends impacting the global economy;
- Experience and understand innovations from Chinese companies;
- Build meaningful partnerships with Chinese companies trying to expand globally using Shenzhen and Singapore as key bases; and
- Bring this all back to your company through the Momentum Works macro and POP-Leadership* (people, organisation, products & leadership) insights.
Jianggan Li, CEO of Momentum Works, and Liang Jianyue, General Manager of Qianhai International Talent Service Center, after the signing of the MOU in Shenzhen.
*POP-Leadership is a strategy framework created by Guoli Chen, professor of strategy at INSEAD, and Jianggan Li, CEO of Momentum Works. See details here.