The BYD headquarters in Maluan Subdistrict, Pingshan District. Photo from Shenzhen Economic Daily

Kengzi and Maluan subdistricts in Pingshan District have secured spots on the list of Shenzhen’s top 10 subdistricts for their favorable business environment. This marks the second time for Kengzi to earn this recognition and the third time for Maluan, highlighting their economic vitality and improved business conditions.

Maluan Subdistrict is home to BYD, a Fortune Global 500 company specializing in new energy vehicles and power batteries. The company occupies nearly half of the subdistrict’s total industrial area. Since 2023, the subdistrict’s administrative staff visited BYD more than 30 times to address various issues, including education for employees’ children, traffic concerns around BYD, and urban infrastructure improvements.

In addition to supporting BYD, Maluan Subdistrict actively provides services to other enterprises, assisting them with talent recruitment, digital transformation, financing, and scaling from small to larger businesses. Since early 2024, the subdistrict has helped 12 companies secure credit amounting to 38.24 million yuan.

In terms of investment promotion, the subdistrict facilitates enterprises in understanding policies, finding industrial spaces, applying for subsidies, recruiting talent, and connecting with other companies within industrial chains.

A view of the Shenzhen State Biological Industry Base in Kengzi Subdistrict, Pingshan District. Photo from Pingshan Media Center

Kengzi Subdistrict is situated within the Pingshan core park of Shenzhen National High-tech Zone and hosts the national-level industry bases for the biopharmaceutical industry and new energy vehicle industry. Kengzi is home to nearly 1,000 outstanding companies, including Sanofi Pasteur, Snibe Diagnostic, and ZJK Manufacturing. Notably, there are 11 listed companies in Kengzi, accounting for nearly half of Pingshan’s total listed companies.

Key biopharmaceutical innovation platforms in Kengzi include SUSTech Medi-X Pingshan, Shenzhen Cell Valley, and the Shenzhen Test Lab of the Guangdong Medical Devices Quality Surveillance and Test Institute. The subdistrict also boasts one national-level, 47 provincial-level, and 37 municipal-level innovation labs or research centers.

The administrative staff of Kengzi Subdistrict adopt a working philosophy that allows businesses to operate independently when government intervention is unnecessary but ensures that government services are readily available when enterprises need assistance. The subdistrict selects officials with expertise in economics, policies, and industries to provide tailored support to more than 400 key companies in the area.

Since 2022, the subdistrict has organized visits by governmental officials, lawmakers, and political advisers to enterprises to promptly address their needs and complaints while helping them seek new business opportunities.