Nansha leads way in financial innovation

On June 23, the three-day 13th China (Guangzhou) International Financial Expo came to a close at the China Import and Export Fair Complex in Guangzhou.

This edition of the finance expo, titled "Boosting new productivity", showcased Nansha's achievements at the Finance Expo over the past 12 consecutive years.

The Nansha exhibition area. [Photo/WeChat account: gz_nanshafabu]

The Nansha exhibition area, dominated by blue tones, displayed the cityscape of Nansha and the concept of sustainable development. 

The exhibition area showcased its development and openness in various fields since the release of the "Nansha Plan" two years ago, with a particular emphasis on its achievements in financial reform and innovation.

The financial industry in Nansha has become one of its five key industries. In 2015, the industry accounted for a negligible proportion of the district's total GDP and tax revenue; in 2023, it accounted for 8 percent of GDP and 10 percent of total tax revenue, ranking among the top five industries in the district.

Nansha has developed distinctive financial sectors such as cross-border finance, futures industry, and financing leasing. Various enterprises have also made remarkable achievements in green financial reform and innovation.

The Nansha exhibition area exchanged regional economic development achievements with Tianhe and Yuexiu districts, Hengqin Guangdong-Macao Deep Cooperation Zone, and other areas, sharing its experiences in developing the financial industry.

Nansha also introduced its policies on facilitating cross-border finance to international organizations like the Global Association of Risk Management Professionals, aiming to promote high-quality financial development collaboratively.