Page 88 - 2021 Special Report
P. 88
output value of high-tech enterprises accounts for Summary
78% of that of Guangzhou. The actual utilization
of foreign capital and the number of listed Guangdong Province, driven by construction
enterprises account for 1/3 of the city. It ranks of the Guangdong-Hong Kong-Macau Greater
first among 219 state-level economic development Bay Area, has created a free trade zone with free
zones in terms of fiscal and tax revenue, scientific investment and trade, an innovative resource
and technological innovation, and business cluster and prominent radiation functions that
environment. It is one of the most powerful, encourage foreign investment, strengthen
dynamic and profitable development zones in conditional rewards and subsidies for enterprises,
China. and promote scientific research, talent and
trade cooperation with Hong Kong and Macau
On 27 October 2020, the “Detailed Rules for that focuses on supporting the development
the Implementation of Measures for Promoting of science and technology, finance, and leisure
the Development of High and new Technology tourism. Guangdong Province is creating a globally
Industries in Huangpu District of Guangzhou and competitive business environment by giving play
Guangzhou Development Zone” were issued, to the decisive role of the market in resource
and measures were introduced in terms of allocation, reducing administrative intervention
fund support, capital matching, research and and strengthening comprehensive market
development subsidies, science and technology supervision to form a stable, fair, transparent and
financial subsidies, etc., in order to further predictable first-class business environment.
promote the development of high and new
technology industries and improve the capability
for industrial innovation and development.
On 30 June 2020, the Financial Affair Bureau
of Guangzhou Development Zone issued the
“Detailed Rules for the Implementation of
Measures for Promoting the Development
of Financial Industries in Huangpu District of
Guangzhou and Guangzhou Development Zone”
to grasp the strategic development opportunity
in developing Guangdong-Hong Kong-Macau
Greater Bay Area, improve the support for the
development of financial industry, concentrate
essential financial resources, and enhance the
ability of attracting financial institutes and talents.
At present, the region has attracted more than
50,000 enterprises of various types, more than
60 listed enterprises, and more than 190 projects
from Global Top 500 enterprises, attracting
3,600 multinational companies from more than
100 countries and regions to invest and start
businesses. In 2020, the actual utilized foreign
capital in this development zone will maintain
substantial growth, reaching US$2.24 billion from
January to September, the same as last year, with
a year-on-year growth of 65%, accounting for 2% in
China, 12% in Guangdong and 43% in Guangzhou.
This fully demonstrates the strong resilience of
economic development and good investment
momentum of this region.
88
78% of that of Guangzhou. The actual utilization
of foreign capital and the number of listed Guangdong Province, driven by construction
enterprises account for 1/3 of the city. It ranks of the Guangdong-Hong Kong-Macau Greater
first among 219 state-level economic development Bay Area, has created a free trade zone with free
zones in terms of fiscal and tax revenue, scientific investment and trade, an innovative resource
and technological innovation, and business cluster and prominent radiation functions that
environment. It is one of the most powerful, encourage foreign investment, strengthen
dynamic and profitable development zones in conditional rewards and subsidies for enterprises,
China. and promote scientific research, talent and
trade cooperation with Hong Kong and Macau
On 27 October 2020, the “Detailed Rules for that focuses on supporting the development
the Implementation of Measures for Promoting of science and technology, finance, and leisure
the Development of High and new Technology tourism. Guangdong Province is creating a globally
Industries in Huangpu District of Guangzhou and competitive business environment by giving play
Guangzhou Development Zone” were issued, to the decisive role of the market in resource
and measures were introduced in terms of allocation, reducing administrative intervention
fund support, capital matching, research and and strengthening comprehensive market
development subsidies, science and technology supervision to form a stable, fair, transparent and
financial subsidies, etc., in order to further predictable first-class business environment.
promote the development of high and new
technology industries and improve the capability
for industrial innovation and development.
On 30 June 2020, the Financial Affair Bureau
of Guangzhou Development Zone issued the
“Detailed Rules for the Implementation of
Measures for Promoting the Development
of Financial Industries in Huangpu District of
Guangzhou and Guangzhou Development Zone”
to grasp the strategic development opportunity
in developing Guangdong-Hong Kong-Macau
Greater Bay Area, improve the support for the
development of financial industry, concentrate
essential financial resources, and enhance the
ability of attracting financial institutes and talents.
At present, the region has attracted more than
50,000 enterprises of various types, more than
60 listed enterprises, and more than 190 projects
from Global Top 500 enterprises, attracting
3,600 multinational companies from more than
100 countries and regions to invest and start
businesses. In 2020, the actual utilized foreign
capital in this development zone will maintain
substantial growth, reaching US$2.24 billion from
January to September, the same as last year, with
a year-on-year growth of 65%, accounting for 2% in
China, 12% in Guangdong and 43% in Guangzhou.
This fully demonstrates the strong resilience of
economic development and good investment
momentum of this region.
88
