Page 434 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
economy system and build a demonstration the Nansha Area Development and Reform Bureau
area for cooperation in the Guangdong-Hong issued "Measures for Supporting the Development
Kong-Macau Greater Bay Area in full alignment of the International Financial Island in the Nansha
with the national strategy. It will focus on Area of Guangzhou (Free Trade Zone Nansha
strengthening cooperation with Hong Kong and Area)", which require the Nansha Area to: (i)
Macau in the liberalization of service trade, support financial enterprises, high-end industries
alignment with rules, complementary industry and industrial talents at all levels of development;
development, resource sharing, transportation (ii) increase support for public services; (iii)
connectivity and information exchange improve the international legal service system;
under the “One Country, Two Systems” and and (iv) jointly carry out innovative exploration of
CEPA framework. Meanwhile, restrictions financial development.
will be further eased on access, qualification
and business scope in the fields of finance, As of the end of 2018, the GDP of the Nansha
commerce, trade, law, shipping logistics and Area increased from Rmb80.9 billion to Rmb145.9
telecommunications in Hong Kong and Macau, billion, an average annual increase of 11.6%. The
and an industry management system that is total tax revenue increased from Rmb25.1 billion
consistent with the management standards of to Rmb55.57 billion, an average annual increase of
the Hong Kong and Macau service markets will 13.5%. The total import and export volume increased
be developed. from Rmb869,100 million to Rmb206.39 billion, an
average annual increase of 15.4%. In the first quarter
Nansha Area of Guangzhou of 2019, the GDP of the Nansha Area increased
by 11.9% annually. From January to April, the total
On April 21, 2015, the Nansha Area of industrial output value of the Nansha Area was
Guangzhou was officially established. The area Rmb74.404 billion, an average annual increase of 5.7%;
focuses on: (i) taking advantage of its location in completion of fixed asset investment increased by
the geographic and geometric center of the Pearl 18.2% annually.
River Delta and the rich local port resources; (ii)
connecting Hong Kong, Macao and mainland In the next step, the Nansha Area will
China, and focusing on the development focus on: (i) creating a world-class business
of shipping logistics, international finance, environment; (ii) building a Guangdong-Hong
international commerce, technological innovation, Kong-Macao comprehensive cooperation
marine economy and high-end manufacturing; (iii) demonstration zone; (iii) developing as a high-
constructing new industrial hubs led by productive level gateway to the world; and (iv) building a
services and a globally advanced comprehensive modern industrial system.
service hub; and (iv) building a Guangdong-
Hong Kong-Macao comprehensive cooperation Qianhai & Shekou Area of Shenzhen
demonstration zone.
On April 27, 2015 the Qianhai and Shekou Areas
Investment highlight policies include: On of Shenzhen were officially established. Qianhai
September 24, 2019, the Nansha Area of the and Shekou’s total area is 28.2 square kilometers,
Guangzhou Administrative Committee issued of which 15 square kilometers (including 3.71
the "Cooperation Agreement between the Hong square kilometers of the Qianhai Bay Bonded Port
Kong Special Administrative Region Government Area) are occupied by Qianhai District and 13.2
Development Bureau of the China (Guangdong) square kilometers are occupied by Shekou District.
Pilot Free Trade Zone Guangzhou Nansha Area
of Guangzhou Administrative Committee", which The Qianhai and Shekou Areas focus on the
commits to promoting Hong Kong and the Nansha following: (i) capitalizing on the advantages and
Area, carrying out normalized cooperation extensive experience in marketization, legalization
in construction planning, and exploring the and internationalization in Shenzhen; (ii) utilizing
"sub-section approval" system in Hong Kong’s Shenzhen and Hong Kong’s prime location in
engineering construction. On October 22, 2019, carrying out the 21st Century Maritime Silk Road
434
economy system and build a demonstration the Nansha Area Development and Reform Bureau
area for cooperation in the Guangdong-Hong issued "Measures for Supporting the Development
Kong-Macau Greater Bay Area in full alignment of the International Financial Island in the Nansha
with the national strategy. It will focus on Area of Guangzhou (Free Trade Zone Nansha
strengthening cooperation with Hong Kong and Area)", which require the Nansha Area to: (i)
Macau in the liberalization of service trade, support financial enterprises, high-end industries
alignment with rules, complementary industry and industrial talents at all levels of development;
development, resource sharing, transportation (ii) increase support for public services; (iii)
connectivity and information exchange improve the international legal service system;
under the “One Country, Two Systems” and and (iv) jointly carry out innovative exploration of
CEPA framework. Meanwhile, restrictions financial development.
will be further eased on access, qualification
and business scope in the fields of finance, As of the end of 2018, the GDP of the Nansha
commerce, trade, law, shipping logistics and Area increased from Rmb80.9 billion to Rmb145.9
telecommunications in Hong Kong and Macau, billion, an average annual increase of 11.6%. The
and an industry management system that is total tax revenue increased from Rmb25.1 billion
consistent with the management standards of to Rmb55.57 billion, an average annual increase of
the Hong Kong and Macau service markets will 13.5%. The total import and export volume increased
be developed. from Rmb869,100 million to Rmb206.39 billion, an
average annual increase of 15.4%. In the first quarter
Nansha Area of Guangzhou of 2019, the GDP of the Nansha Area increased
by 11.9% annually. From January to April, the total
On April 21, 2015, the Nansha Area of industrial output value of the Nansha Area was
Guangzhou was officially established. The area Rmb74.404 billion, an average annual increase of 5.7%;
focuses on: (i) taking advantage of its location in completion of fixed asset investment increased by
the geographic and geometric center of the Pearl 18.2% annually.
River Delta and the rich local port resources; (ii)
connecting Hong Kong, Macao and mainland In the next step, the Nansha Area will
China, and focusing on the development focus on: (i) creating a world-class business
of shipping logistics, international finance, environment; (ii) building a Guangdong-Hong
international commerce, technological innovation, Kong-Macao comprehensive cooperation
marine economy and high-end manufacturing; (iii) demonstration zone; (iii) developing as a high-
constructing new industrial hubs led by productive level gateway to the world; and (iv) building a
services and a globally advanced comprehensive modern industrial system.
service hub; and (iv) building a Guangdong-
Hong Kong-Macao comprehensive cooperation Qianhai & Shekou Area of Shenzhen
demonstration zone.
On April 27, 2015 the Qianhai and Shekou Areas
Investment highlight policies include: On of Shenzhen were officially established. Qianhai
September 24, 2019, the Nansha Area of the and Shekou’s total area is 28.2 square kilometers,
Guangzhou Administrative Committee issued of which 15 square kilometers (including 3.71
the "Cooperation Agreement between the Hong square kilometers of the Qianhai Bay Bonded Port
Kong Special Administrative Region Government Area) are occupied by Qianhai District and 13.2
Development Bureau of the China (Guangdong) square kilometers are occupied by Shekou District.
Pilot Free Trade Zone Guangzhou Nansha Area
of Guangzhou Administrative Committee", which The Qianhai and Shekou Areas focus on the
commits to promoting Hong Kong and the Nansha following: (i) capitalizing on the advantages and
Area, carrying out normalized cooperation extensive experience in marketization, legalization
in construction planning, and exploring the and internationalization in Shenzhen; (ii) utilizing
"sub-section approval" system in Hong Kong’s Shenzhen and Hong Kong’s prime location in
engineering construction. On October 22, 2019, carrying out the 21st Century Maritime Silk Road
434
