2 key financial projects to be established in Nansha

An aerial view of Guangzhou's Nansha district. [Photo/WeChat account: nanshafabu]

During the annual meeting of the International Financial Forum (IFF), which was held from Dec 2 to 4, Guangzhou's Nansha district signed contracts to build the Global Green Growth Center (GGGC), as well as a cross-border financial asset management service platform carrier.

Established under the umbrella of the IFF, the GGGC project is meant to contribute to Nansha's industrial competitive advantages in green finance, carbon finance, and climate investment and financing. Both of these projects promote global sustainable development.

In addition to the cross-border financial asset management service platform carrier, Nansha plans to build an offshore financial center platform to actively optimize the district's business environment.

In the first three quarters of 2022, Nansha's financial industry was valued at about 13 billion yuan ($2 billion), with a year-on-year growth of 14.3 percent. With this speedy growth, Nansha shows that it is one of the most dynamic areas in the Guangdong-Hong Kong-Macao Greater Bay Area.