Silicon Valley entrepreneurs to help Shenzhen climb the innovation ladder

The southern Chinese city of Shenzhen is looking to attract more Silicon Valley entrepreneurs to set up startups as part of its efforts to transform into a major innovation hub, a top city official said.

Representatives from Chinese and US companies as well as local governments express keen interest in various investment avenues at the China Shenzhen-US Silicon Valley Investment Collaboration and Exchange Conference hosted by the Shenzhen municipal government in Santa Clara, California, on Monday.

As part of the conference, an event themed "Shenzhen-Silicon Valley: Innovation Consensus", aimed to promote cooperation between Chinese and US companies in investment, science and technology innovation, was also held with a special emphasis on Shenzhen's advantages in hardware and Silicon Valley's advantages in software.