The Guangzhou Development and Reform Commission on April 21 issued a research report regarding the development of enterprises headquartered in Guangzhou. The report showed Guangzhou ranked No.3 behind Beijing and Shanghai among the 35 major cities in China.

Guangzhou is expected to develop an overall planning bid to attract more enterprises to establish the regional headquarters in the city.

In 2006, enterprises headquartered in Guangzhou, which accounted for less than 1% of the enterprises, brought in nearly 30% of the total tax revenue of Guangzhou. The headquarter bases in Guangzhou have basically formed a clustering development tendency, mainly centered in Yuexiu, Tianhe, and Luogang Districts. The financial and commercial areas of Huanshidong, Tianhebei-Sports Center, and Zhujiang New City have become the clustering areas for the headquarter enterprises in Guangzhou with the fastest development speed, a comparatively large scale and maturity.

According to the standard category statistics of the report, there were a total of 508 enterprises headquartered in Guangzhou in 2006, among which the second and third sector enterprises totaled 156 and 352, accounting for 31% and 69% respectively. Guangzhou had 122 regional headquarters of multinational companies, 71 of which were industrial enterprises.

Editor: Yan