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Guangdong Free Trade Zone might be unveiled next week

2015-March-18       Source: Newsgd.com

Guangdong Free Trade Zone might be unveiled at next week,according to a spokesperson from China’s Ministry of Commerce on March 17.

Guangdong Free Trade Zone might be unveiled at next week,according to a spokesperson from China’s Ministry of Commerce on March 17.

The overall plan for establishing three newly-approved Free Trade Zone including Guangdong Free Trade Zone were submitted to the China’s State Council. “After the completion of some required approval procedures, China’s Ministry of Commerce together with related departments would implement the plan as soon as possible,” the spokesperson said.

In China’s annual legislative and political advisory sessions of 2015, Zhu Xiaodan, the governor of Guangdong Province said “Guangdong Free Trade Zone is ready for its formally opening and waits for the approval of its overall plan by the State Council.”

Related: Over 200 enterprises to enter Nansha District

Nansha District in Guangzhou, one of three regions in Guangdong Free Trade Zone, is regarded as an essential platform for investment attraction.

At present, there are above 200 enterprises willing to register companies in Nansha District and their average investment reaches 36 million RMB ( 5.8 million USD). Also, more than 20 companies specialize in financial leasing with a total investment above 10 billion RMB ( 1.6 billion USD).

Thanks for the benefits brought by Guangdong Free Trade Zone, the finance-related industries are blooming in Guangzhou. China Shipbuilding Industry Corporation (CSIC) has already registered a ship leasing company in Nansha. Besides, 12 banks decide to have branch in Nansha and Ping An Bank plans to open its cross-border trade center (using RMB) as well as factoring center in Guangzhou. (By Will)

 

Editor: 王凯

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