The Association for Corporate Growth’s China chapter has signed a formal agreement with the Nanshan District of Shenzhen, a government entity, to improve access to investment opportunities in southeastern China for ACG members.
The agreement will foster cooperation between ACG China and local associations and government entities in China’s Greater Bay Area, which encompasses Guangdong, Shenzhen, Hong Kong and Macau. It is designed to give ACG members from the U.S. and China access to potential investments and other business opportunities in the region.
The Greater Bay Area accounts for $1.4 trillion in gross domestic product and is home to two stock exchanges—Hong Kong and Shenzhen. Well-known tech giants, including Tencent, Huawei and ZTE, are headquartered there, as are thousands of midsize technology companies.
“We hope through this agreement ACG China will be able to provide its members in the U.S. and China with a greater level of exchange and connection with companies and financial institutions in Shenzhen, Guangdong, Hong Kong and Macau,” said Barry Chen, the chapter’s chairman, in a Nov. 17 press release announcing the agreement.
ACG China was founded in 2009 and is based in Shanghai.
Kathryn Mulligan is the associate editor of Middle Market Growth.