Nansha's financial industry sees significant growth

The Guangzhou government held a press conference on July 4 to announce the progressing high-quality development of Guangzhou's financial industry.

At the event, a spokesman from Nansha presented the district's achievements in the financial field since the release of the Nansha plan one year ago.

In 2022, the added value of the district's financial industry accounted for nearly 8 percent of its GDP, with a year-on-year increase of 9.1 percent. The growth rate of Nansha's domestic and foreign currency deposits and loans both exceeded 20 percent, demonstrating significant progress in financial development.

Of note, the Guangzhou Futures Exchange successfully listed the industrial silicon, being its first trade item. This is one of 10 significant achievements that the exchange has accomplished after the implementation of the plan.

The concentration of high-end financial resources has also increased. The Mingzhu Financial Innovation Cluster has attracted 46 institutions and has become an important window to showcase Nansha's financial innovation achievements.

On the basis of hosting major financial conferences such as the International Finance Forum (IFF) and China Finance 40 Forum (CF40), Nansha is also making contributions to global financial development.

The IFF has a long-standing connection with Nansha. In 2016, the IFF planned to set up its permanent venue in the district, and since 2020, the IFF annual meetings has been held in Nansha. In October 2023, the IFF 20th Anniversary & Annual Meeting was held at the completed IFF Permanent Venue on Hengli Island, Nansha for the first time.

In addition, Nansha plans to launch a new supporting policy system that will provide competitive and favorable measures in areas such as futures, climate investment and financing in order to attract more global investment and talents.

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