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Fri/Sat/Sun March 2~4, 2018 shenzhen x 03

At a Glance

Humid, misty MarchTHE weather in March will be warm and humid with slight changes in temperature, according to a release from Shenzhen Meteorological Observatory.

There will be eight to 10 days of rainy and foggy weather and the city may enter the fl ood season earlier than in previous years.

The observatory estimates four typhoons will affect the city this year and thun-derstorms may start in the middle of March.Liar detainedA WOMAN was put under detention for 15 days for repeatedly making false phone calls to police and lying about being beaten.

The intoxicated 31-year-old woman, Peng, a native of Guangxi, called the police hot-line 110 several times Feb. 25 and lied about being beaten by others near an electronics factory in Longhua District.Companies punishedFOUR local construction companies were warned and had their applications for qualifi cation disqualifi ed for a year.

The four companies were found fabricating docu-ments for their qualifi cation applications, according to a notice issued recently by the Shenzhen Municipal Housing and Construction Bureau.

Lion dancing in HuaqiangbeiLion dancers perform on the Huaqiangbei pedestrian street Wednesday. Lion dancing has been held in Huaqiangbei, China’s No. 1 Electronics Street, since 2013 to celebrate the Chinese New Year. He Long

SHENZHEN’S statistics bureau Thursday denied media reports that Shenzhen’s GDP overtook that of Hong Kong in 2017.

Statistics released on the Hong Kong government’s offi -cial website Wednesday showed Hong Kong’s GDP had reached HK$2.66 trillion (US$339.95 billion) in 2017, an increase of 3.8 percent year on year. Media

reports said the fi gure was overtaken by Shenzhen’s, using Wednesday’s exchange rate, which translated Hong Kong’s GDP to 2.1529 trillion yuan.

However, the bureau said the average exchange rate of the yuan against the Hong Kong dollar in 2017, which was 1.1552, should be used, and that made Hong Kong’s GDP last year

equivalent to 2.30 trillion yuan, about 61.1 billion yuan more than Shenzhen’s.

Hong Kong’s economy grew at a faster pace than forecast in 2017 amid a strong global economy, the city’s fi nance chief Paul Chan said Wednesday.

Chan said that domestic demand had “remained par-ticularly resilient” as the unem-

ployment rate hit a 20-year low of 2.9 percent.

Chan forecast economic growth of between 3 and 4 per-cent for 2018.

The gap in GDP between the two cities has been narrowing in recent years as Shenzhen’s economy has kept growing at a faster rate than Hong Kong’s.

(Han Ximin)

SZ denies its GDP overtook HK’s

PONY MA, co-founder and CEO of Tencent, is now known as the richest Chinese entrepreneur with a total fortune of 295 bil-lion yuan (US$46.55 billion), according to Hurun’s latest

Global Fortune List.

This year’s global fortune list has ranked a record number of 2,694 bil-lionaires from 68 countries. Assets under

the billionaires’ names used for the ranking were valid as of Jan. 31, 2018.

Ma, 47, is the 13th to be named the richest Chinese person on the Hurun lists. He ranks 15th among all of the bil-lionaires on the list. His ranking has gone up by 23 places since last year.

The report points out that Tencent was actively engaged in the retail industry at the end of last year, when it invested in multiple large-scale supermar-kets within 50 days.

Xu Jiayin, chairman of the board of the real estate giant Evergrand Group, is ranked second among all of the Chinese tycoons and 20th worldwide. It is Xu’s fi rst time on the top 10 Chinese list.

Another magnate, Lee Shau Kee, head of the Hong Kong-

Chen Xiaochun654789759@qq.com

IN the age of automation, tech giant Tencent has clinched the title as “the most innovative Chinese company” through its strategic use of content, accord-ing to business magazine Fast Company.

On the newly released list, 2018 Fast Company Top 10 Most Innovative Companies in China, Tencent has overtaken last year’s winner Alibaba to claim the top spot. The latter slides to No. 6 in this year’s report. Other familiar names on the Top 10 list include DJI, the Chinese drone manufac-turer, and Didi Chuxing, the ride-hailing startup.

This year’s list, arguably the most diverse, also welcomes newcomers K11, a museum-retail concept founded by

Adrian Cheng, and VIPKID, an online education plat-form created by Cindy Mi.

Fast Company said it placed Tencent at the top because it honors “content as king,” while Tencent is also successfully turning WeChat, which has 980 million active monthly users, into a springboard for content consumption, includ-ing literature, music, videos and games.

The ranking, entering its 11th year, sees the fi rst inclusion of K11, a disruptive “mall-museum hybrid concept” which brings art, culture and commerce under one roof.

Founded by Hong Kong entrepreneur Adrian Cheng, K11 “brings together the inter-active and engaging nature of a shopping mall, the captivat-ing beauty of an art exhibit, and the demand for envi-

ronmental consciousness.”Another newcomer is Beijing-

based VIPKID, an international online learning platform that has signed with “more than 30,000 North American instructors and matches them with some 200,000 primarily Chinese pupils,” wrote Fast Company in the ranking. Cre-ated by Cindy Mi, who is said to have taught herself English, VIPKID’s student population has quadrupled since the end of 2016, and offi cially joined the prestigious “unicorn” club in 2017.

Rounding out the Top 10 list are Bytedance, a Beijing-based AI-driven newsfeed platform, Haier, the consumer electron-ics and home appliances com-pany, New Degree Technology, the hardware startup and SF Express, China’s second larg-est courier.

SHENZHEN is promoting the setup of a 50-billion-yuan (US$7.89-billion) fund to develop a high-end intelligent marine equipment industrial base and the Qianhai modern marine ser-vice industrial base, a meeting on the Shenzhen marine informa-tion technology and equipment summit forum said.

The forum, organized by the city’s economy, trade and infor-mation commission, Nanshan District Government and Harbin University of Engineering, attracted six academicians and hundreds of scholars and enter-prise representatives in marine information technologies.

A State-level laboratory on marine information acquiring and safety, a laboratory under the Ministry of Industry and Information Technology, will be settled in Shenzhen, the meet-ing said.

The laboratory will be a research platform for Shenzhen’s marine technologies.

Statistics showed the city’s marine production volume in 2017 reached 163 billion yuan, an increase of 10 percent over the previous year. The industrial added value of marine informa-tion, marine biology, marine high-end equipment and cruise ship industries reached 32.2 billion yuan, an increase of 26 percent over the previous year.

Shenzhen announced last December that it would build a China-EU marine economy industrial park.

Land reclamation for the China-EU Blue Industrial Park is under way in Bao’an District and will be done around 2020. By 2025, it will be fully opera-tional, according to the Shenzhen Urban Planning and Design Institute, which designed the 1-square-kilometer park.

The purpose of the park is to facilitate international coop-eration in the marine industries and improve scientifi c and tech-nological research on marine resources.

The industrial park will take advantage of Europe’s expertise in high-end intelligent marine equipment and Shenzhen’s high-tech manufacturing capacity to develop deep-sea submersibles, seabed robots and marine min-eral exploitation devices for the international market.

(Han Ximin)

based Henderson Real Estate, is the third-richest Chinese, according to the list. Lee owns total assets valued at 215 bil-lion yuan. The stock market price of Lee’s corporation has increased by 25 percent since last year, exceeding HK$200 billion (US$25.56 billion).

This year’s ranking for Jack Ma,

CEO of Alibaba Group, is not as good as previous years as he only comes in at 4th place among all Chinese entrepreneurs despite Alibaba’s good performance on the U.S. stock market. His global ranking is No. 26, six places down from last year.

Worldwide, seven out of the top 10 global billionaires are

from the United States. The global list is led by Jeff Bezos, Warren Buffett and Mark Zuck-erberg, the three richest men in the world.

According to the analysis, the top four billionaire-produc-ing industries are technology, real estate, manufacturing and investment. (Zhang Qian)

Fund to be set up for marine economy

Pony Ma becomes richest Chinese: Hurun

Pony Ma

Tencent leads Top 10 Innovators