Guangdong is planning to enter the commercial space market by deploying enterprises along the aerospace industry chain within the province to foster a local space ecosystem, as revealed at a commercial aerospace industry and capital matchmaking event held on July 22 in Guangzhou.

The event, part of the preliminary series leading up to the 2025 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area set to be held in November, aims to connect satellite and rocket firms with investors.

Liu Dezeng, deputy director of the Investment Promotion Bureau of Guangdong Province and organizer of the event, emphasized the bureau's focus on attracting the entire supply chain—from satellite manufacturing to launch services and data applications—with six provincial companies participating in pitch sessions to support the sector's strategic goals.

Most of these enterprises had already negotiated with Guangdong before the event to establish their projects in the province, and the funding garnered from roadshows will be used to facilitate their settlement in the area, noted Liu.

Commercial aerospace is poised to become a critical arena for strategic rivalry among global powers, but the space industry in China is still approaching industrial-scale manufacturing. Guangdong, with its manufacturing prowers, transport connectivity, and favorable business environment, can contribute to China's push to become a commercial aerospace hub, as highlighted at the event.

Histarlink (Shenzhen) emphasized Guangdong's market potential and its pivotal role in connecting the company with overseas customers.

The company plans to build a satellite payload factory in Guangzhou as part of its space-air-ground data network deployment in Guangdong, Vice President of Investment & Financing Li Jiayu revealed.

"Guangdong's auto and ocean economy offers massive opportunities for our laser communications technology," he stated, highlighting partnerships with automakers like GAC Group based in Guangzhou.

The move aims to position Guangzhou as a hub for low-latency connectivity serving autonomous vehicles, AI models, and maritime sectors across Guangdong and its neighboring provinces.

With a Singapore base already enabling island-to-island links, Li confirmed the company is targeting Southeast Asia and Middle Eastern markets where their ground systems outperform submarine cables. “And Guangdong, with its manufacturing and foreign trade expertise, can play a pivotal role in our overseas reach," he remarked.

Satellite company Beijing Landspace Hongqing Technology Co., Ltd. is finalizing plans with shareholders in Guangzhou’s Baiyun District to establish satellite manufacturing facilities in Guangdong, Public Affairs Director Qin Long confirmed.

"The province’s efficiency stunned us—our investment deal closed within two months," he stated at the forum, citing rapid government responsiveness. With four visits to Guangzhou in recent weeks, Qin emphasized the strategic ecosystem approach: "Like their hydrogen industry investments, Baiyun District targets full supply chains, not isolated players."

The satellite maker is now exploring satellite applications for Guangdong’s auto sector, low-altitude economy, and maritime logistics, aligning with local industrial strengths.

The meeting not only established targeted matchmaking between commercial aerospace firms and investors but also underscored Guangdong’s appeal as an innovation hub, injecting powerful momentum into the Greater Bay Area's high-quality development, the meeting concluded.