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Invest in Longgang

Business Environment

Source: LONGGANG GOVERNMENT ONLINEUpdated:2018-11-15

Geographical Location

Longgang District is located in the northeast of Shenzhen City, neighboring Pingshan District in the east, Luohu and Yantian Districts in the south, Bao’an and Longhua Districts in the west and Huizhou and Dongguan cities in the north.

From Longgang one can reach Shenzhen International Airport, ports and checkpoints within 40 minutes. 91 percent of the areas in the district have been covered by bus stops and every two stops are only less than 500 meters apart. The convenient transportation system significantly reduces logistics cost.

Occupying 38,859 square kilometers, Longgang has a population of 4.7 million. There are 11 sub-districts in Longgang including Pinghu, Buji, Jihua, Bantian, Nanwan, Henggang, Yuanshan, Longgang, Longcheng, Baolong and Pingdi , with 111 communities.

Education

Longgang is committed to the development of high-quality, balanced and modernized education. Longgang’s harmonious education has been evaluated as a model for the nation’s educational reform and innovation, and has become the first batch of advanced areas for promoting education modernization in Guangdong Province. Prestigious schools including Shenzhen Middle School, Shenzhen Foreign Language School, Shenzhen Experimental School and Shenzhen High School of Science have opened campuses in Longgang. Basic education has made outstanding achievements. The qualification rates of the senior high school entrance examination and the college entrance examination rate have exceeded the average level of the city. Longgang’s quality of education has ranked the top among schools in Shenzhen City and even in Guangdong Province. The internationalization of schooling has shown vitality, bilingual teaching experiments and international curriculum teaching experiments have been further advanced, international exchange activities are increasing, and the level of education internationalization has been continuously improved.

Industries

An industrial system dominated by the primary industry and featuring rapid development of the tertiary industry has taken shape in Longgang. More than 60% of enterprises in Longgang have been matched with local services, of which 90% of enterprises in electronic information industry have been supported by local services. A group of enterprises with core competitiveness have continued to grow and the industrial agglomeration effect is obvious.

Huawei in Longgang

Innovation

Longgang leads the industrial development with innovation, and has formed a regional innovation system which is market-oriented, enterprise-oriented, talent-centered, innovation platform-based and is characterized by the combination of industry-university-research and expansion at home and abroad. The independent innovation capability has continued to improve. The output value of high-tech industries above designated size accounted for an increase in the proportion of total output value above designated size. The number of patent applications and authorizations has been among the top in the city for many years. The district has been awarded the National Science and Technology Progress Advanced District, the National Science and Technology Progress Demonstration Zone and the National Science Popularization Demonstration Zone, and will become the future independent innovation leading zone in Shenzhen.

Cost of Labor

Minimum wage for full-time employment workers: 2,200 yuan / month.

Minimum hourly wage for part-time employment workers: 20.3 yuan / hour.

(Source: Shenzhen Human Resources and Social Security Bureau)

Rents of factories and apartments

The land price of industrial projects in Longgang District is subject to the bidding and auction system, and the price is generally between 800 yuan and 1600 yuan per square meter. The land prices of standard factories built in all subdistricts and communities in the district vary depending on their locations, specific plans and other factors. The rent is generally 9-15 yuan per square meter. The Longgang District Incubation Center of Shenzhen Overseas Students Pioneering Park provides preferential factory rent for the settled enterprises. In the first year, the rent for 100 square meters of factory space is free, and for the rest is 6 yuan per square meter. Starting from the year, the price is 6 yuan per square meter. Rent of residential apartments is generally 8 to 18 yuan per square meter per month. Warehouse rent is generally 4 to 10 yuan per square meter.

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