Merck expands Greater Bay Area ties with Shenzhen center, Hong Kong partnership in south China

China

Merck expands Greater Bay Area ties with Shenzhen center, Hong Kong partnership in south China

2026-11-13 15:50 Last Updated At：20:49

German science and technology company Merck is expanding its footprint in south China's Guangdong-Hong Kong-Macao Greater Bay Area through a center in Shenzhen and a planned facility in the Hong Kong Special Administrative Region, as the bay area grows increasingly vital to its operations in China, Merck China President Rogier Janssens told China Global Television Network (CGTN).

Merck inaugurated its Greater Bay Area Innovation and Collaboration Center in Shenzhen in June. The laboratory provides a platform for the company to collaborate with local researchers and businesses in the fields of life sciences and healthcare.

"The Greater Bay Area is of increasing importance to our activities in China. [In] Shenzhen, we have established a laboratory and a collaboration center, which is going to help us [and] provide us [with] a platform to collaborate with all the stakeholders in the ecosystem. So for instance, we are very, very nicely located to the Chinese Academy of Sciences in Shenzhen. Shenzhen is known for the technological advancements. So we are probably gonna be better able to serve our customers in the Shenzhen region," Janssens said.

Merck's next regional step is in Hong Kong. Under an agreement signed with the Hong Kong Science and Technology Parks Corporation on Oct. 26, the company plans to open a center at Hong Kong Science Park where researchers and startups can access scientific products, technology demonstrations, and expert advice.

"Just a few days ago, again, another commitment to China, another commitment to the Greater Bay Area, which is of increasing importance to us. So there, we are connecting ourselves at a slightly different part of our value chain with the Hong Kong Science and Technology Park. We are very committed to the Greater Bay Area and the activities taking place there," he said.

"The innovation is growing. We are very closely related to science and technology as you all know. Everywhere there is development in science and technology, our technologies are contributing. And our presence and services are contributing to the developments also [that] China and the Greater Bay Area are making,"Janssens added.

China's social financing grows by 28.6 trillion yuan in 10 months

China's social financing grew by 28.61 trillion yuan (about 4.28 trillion U.S. dollars) in the first 10 months of the year, the People's Bank of China said on Friday.

By the end of October, outstanding aggregate financing to the real economy, or social financing stock, stood at 469.16 trillion yuan, up 7.2 percent year on year.

M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 359.06 trillion yuan, up 7.1 percent from a year earlier, the central bank's data showed.

The numbers show a reasonable growth of the country's aggregate financial volume, which provides a sound monetary and financial environment for sustained economic development toward new drivers, quality and improvement.

Outstanding yuan loans stood at 283.33 trillion yuan at the end of October, up 4.7 percent year on year. Within that, medium and long-term loans to the service sector excluding real estate grew 9.2 percent, while inclusive loans to micro and small businesses rose 6.9 percent, showing credit expanding at a reasonable pace with an improving structure.