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Nansha standing out as key investment destination in Bay Area

By YIN RUOWEI (China Daily) Update:2022-08-30

Guangzhou's Nansha district in South China's Guangdong province is to host an investment promotion, a thematic session of the 2022 Guangzhou Annual Investment Conference, on the afternoon of Aug 30.

The event will be the latest move of the district to welcome and encourage potential investors to share new business opportunities arising from the implementation of the "Overall Plan for Promoting Comprehensive Cooperation among Guangdong, Hong Kong and Macao by Further Deepening Opening-up in Nansha District of Guangzhou", which was released by the State Council, China's Cabinet, on June 14.

During the promotion, local officials will explain "Why (invest in) Nansha" while some senior executives of enterprises that have invested in Nansha will share "How (they feel) in Nansha" with the guests present. Also, a contract signing ceremony for new investment projects will be held and new industrial policies released.


A panoramic view of Nansha Jiaomen River in Guangzhou, South China's Guangdong province. CHINA DAILY

A growing number of foreign chambers of commerce in Guangzhou and Fortune Global 500 enterprises have developed an interest in Nansha.

According to a senior executive with the district's investment promotion agency, many attendees spoke highly of the investment climate in Nansha including its business environment and favorable policies during a recent tour, adding: "They are even more confident of doing business in Nansha."

A large number of investors have flocked to Nansha in the past couple of months and several enterprises including Youngy Investment Management Group, China Unicom and China National Software have signed agreements to launch a slew of innovative industrial projects in Nansha.

"Nansha is a State-level new area, pilot free trade zone and demonstration zone for comprehensive cooperation among Guangdong, Hong Kong and Macao. Its strategic importance in the nation's development is further highlighted in the mid-June plan," said Li Lu, deputy director of the agency. "We sincerely hope to join hands with investors at home and abroad to share the opportunities and will support them with our superb resources, favorable policies and best services."

Li said that the district has launched a new preferential policy system that integrates incentives for innovation, industrial development, financing and talent, the first of its kind among State-level new districts in China.

The system keeps incorporating special policies targeting the district's key and strategic sectors, she said.

For example, the local government will provide an advanced manufacturing project with a fixed-assets investment of more than 500 million yuan ($72.3 million) with a subsidy, equivalent to 2 percent of its actual investment. The maximum subsidy is 200 million yuan.

For foreign-funded projects, rewards of up to 200 million yuan will be given to any new investment depending on its actual capital input; multinational enterprises basing their regional headquarters in Nansha might receive up to 100 million yuan in rewards.