Weihai Torch Hi-tech Science Park

    Rating     A
    Year of Establishment     1991
    Land Area     140 km2
    Location     Weihai, Shandong
    GDP     RMB 18.2 billion, 13.1% up (2013), RMB 19.9 billion (2014)
    FDI     US$3.37 billion, 11% up
    Utilized FDI     US$259 million, 249% up
US$692 million (cumulative 2010), US$148 million (2014)
    Major Investors     Samsung Digital, Tuozhan Fiber Corp, Weigao Group and Huadong CNC
    Major Industies Encouraged     Electronics and information technology, new materials, bio-pharmaceuticals
Source: Administrative Committee of Weihai Torch High-tech Science Park

Located west of Weihai, Weihai Torch High-tech Science Park (Weihai THSP) was set up upon the approval from the State Council in March, 1991. It has an area of 140 sq km.

Weihai THSP is 3 km from the city's downtown area, 4 km from Weihai Port, 10 km from Weihai Railway Station, 30 km from Weihai Airport and 80 km from Yantai Airport.

The park is also located near Weihai's major universities and institutes, which strengthens its capacity for research.

Investment Climate
The park encourages investment in high-tech industries. In 2010, GDP from the park reached RMB 14.2 billion, rising 13.1% year on year. In 2014, Weihai THSP's GDP reached RMB 19.9 billion.

In 2011, the total import and export value from this park reached US$3.37 billion, up 11% year on year. The utilized FDI increased 249% from a year earlier to US$259 million, accounted for one third of Weihai’s total. In 2014, the total import and export value from this zone hit US$3.52 billion.

Weihai is near South Korea and Japan. Many Korean and Japanese investors invest in Weihai because it is easy to ship goods from Weihai to their domestic markets.

Electronics and information technology, new materials, biopharmaceuticals and electromechanical integration are the major industries in the zone. The major investors in the four pillar industries are Samsung Digital, Tuozhan Fiber Corp, Weigao Group and Huadong CNC.

Shandong Province chose Weihai as a location for the development of its software industry. The Weihai Software Industrial Base in Weihai THSP is home to 36 software companies. In the first eight months of 2008, revenue in the Software Industrial Base was RMB 380 million, up 30% over the same period of the previous year.

The park has strong research capabilities. By the end of 2010, a total of 48 high-tech enterprises had set up R&D centers. Over RMB 350 million was invested in research in 2008. In 2013, the GDP reached RMB 18.2 billion, the foreign trade hit US$2.5 billion.

Investment Cost
Winning Edge and Limitation
Winning Edge
  • Weihai is located near South Korea and Japan, which provide the city’s enterprises many opportunities to expand their markets.
  • Weihai has an extensive transportation system, especially in terms of marine transport.
  • Weihai THSP has strong research capabilities.

  • Located at the eastern tip of the Shandong Peninsula, Weihai is relatively far from inland cities.

Address: 288 Wenhua West Road, Weihai, Shandong, P.R.China
Tel: 0086-631-5629082/ 5680027
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