This document compares Shanghai and Hong Kong as locations for small and medium enterprises (SMEs) in China. It lists several key industries that Shanghai aims to develop, including new energy, civil aviation manufacturing, advanced equipment, bio-pharmaceuticals, electronic information products, new energy automobiles, marine engineering equipment, new materials, and software/information services. It then notes Hong Kong's advantages for SMEs, such as its stable business environment, transparent rules, low taxes, good intellectual property protection, entrepreneurship culture, and flexibility. The document recommends Hong Kong over Shanghai for SMEs due to these favorable conditions.
8. Preliminarily cultivate relevant service industry Civil Aviation supporting industry base phase I Special aviation material R&D and test manufacture commercialization of avionics system R &D center R&D center for the engines of commercial planes will be set up R&D Center Establish first phase base for assembly and R&D for large-sized passenger planes Objectives Output value reaches 20 billion in 2012 Output value reaches 200 billion in 2025 Key Industry 2: Civil Aviation Manufacturing Relevant customer service capability
14. Objectives Key Industry 8: New Materials special steel new energy materials rare-earth permanent magnetic materials. ploymer materials 160 billion in 2012 electronic materials
Key Industry 1: New Energy Overall output value will reach RMB 80 billion by 2012 Nuclear power Wind energy IGCC Solar energy 30 bn RMB
Key Industry 2: Civil Aviation Manufacturing Objectives Establish first phase base for assembly and R&D for large-sized passenger planes R&D center for the engines of commercial planes will be set up R&D Center commercialization of avionics system R &D center Relevant customer service capability Civil Aviation supporting industry base phase I Special aviation material R&D and test manufacture Preliminarily cultivate relevant service industry Output value reaches 20 billion in 2012 Output value reaches 200 billion in 2025
Key industry 3: Advanced Major Equipment Objectives 120 billion in 2012 Thermal power UHV transmission and transformation equipment railway transportation equipment large forging products
Key Industry 4: Bio-Pharmaceuticals 《 Shanghai Bio-Pharmaceuticals Industry Development Action Plan ( 2009-2012 )》 “ 3211” in 2012 3 bio-pharmaceuticals center in Asia Pacific area: innovative products manufacturing center, commercial center and R&D center Industrial output value reaches 200 billion 100 high-tech products with annual sales over 100 million RMB 100 innovative enterprises with annual output value over 200 million RMB
Key Industry 5: Electronic Information Product Manufacturing Objectives 250 billion RMB in 2012 IC 80 bn RMB Communications Equipment Manufacturing 120 bn RMB New Display 50 bn RMB
Key Industry 6: New Energy Automobile Objectives Quickening the commercialization of hybrid powered vehicles and pure electric passenger vehicles, enhancing the domestic capacity of producing complementary key components and parts, supporting the R&D and commercialization of fuel cell vehicles and strengthening the capacity of integrating electric system of automobiles. 90 billion in 2012
Key Industry 7: Marine Engineering Equipment Objectives Breakthrough in design and manufacturing bottleneck Establish R&D center and assembly base Marine engineering products first set achievement Focusing on improving the R&D ability in FPSO, various drilling platforms and drilling ships, accelerating the R&D of Marine drilling & exploring equipment and oil treatment modules, and upgrading the loading/unloading and transportation equipment at harbor ports.
Key Industry 8: New Materials Objectives 160 billion in 2012 special steel rare-earth permanent magnetic materials. electronic materials ploymer materials new energy materials Promoting the launching of production lines in high-performance carbon fibers and thermally resistant fibers, realizing the commercialization of super alloy and titanium alloy, and promoting the commercialization of biologically compatible materials and end products.
Key Industry 9: Software & Information Service Objectives 360 billion in 2012 10 characteristic bases 20 major enterprises 10 famous brands 400000 employees
Rule of law and independent judiciary High degree of autonomy Separate customs, currency and immigration territory with the Mainland Hong Kong negotiates and signs its own economic and trade agreements and is a full and separate member of the WTO and APEC
lowest tax economy in Asia 3rd lowest in the world
Corporate Tax Singapore 17% maximum rate China Standard rate = 25%