Guangzhou again comes under the spotlight after signing a series of agreements in Beijing that will bring five big projects to the city on March 15, since after Fortune Global 500’s Cisco, Microsoft and COSCO Shipping Bulk Co. Ltd. settled in the city.
The five new projects, to be located in Guangzhou’s International Financial City, International Innovation City and Nansha district, include the 150-billion-yuan fund set up by China Reform Holdings Corporation Ltd., the South China headquarters of China Galaxy Financial Holdings Company Limited and China Securities Inter-agency Quotation System Co. Ltd, the energy project of China Huadian Group Corporation, the global headquarters of AsiaInfo Data, and the international campus of the South China University of Technology.
The projects will help link capital, platforms, talents and technology in Guangzhou, further promoting the development of emerging industries, according to local authorities.
China Galaxy and China Securities will also set up a quotation system private equity market, a bulk commodity market and a venture capital base apart from their South China headquarters. The moves, conducive to Guangzhou’s need for an international financial market, will improve its modern financial service system and enhance the integration of industry and finance.
China Securities, with its advantages, will be able to increase the liquidity of equity trading in South China, according to Peng Xingguo, chairman of Guangdong Public Venture Capital.
The two headquarters will also establish a cross-border private equity financing platform in the Nansha free trade zone to explore setting up a cross-border financial assets trading mode in line with Guangzhou’s conditions, according to the officials.
Huadian Group and AsiaInfo both increase their investment in Guangzhou, further exemplifying the city’s capacity to attract innovative and key projects.
Guangdong is currently striving to develop information industries like advanced manufacturing, big data, cloud computing and Internet plus to accelerate the transformation and upgrading of innovation-driven industries. Guangzhou, with these mega corporations, will serve as a major engine for boosting innovation in the province.
Also, these big projects not only promote the development of various industries but also bring talents to Guangzhou.
In response to the city’s efforts to attract talents, the international campus of the South China University of Technology will build 10 secondary colleges covering 20 to 30 majors, endeavoring to recruit 12,000 students.
Guangdong is now accelerating its innovation-driven development, which demands more high-level talents, major innovations and transformations of scientific and technological achievements. And Guangzhou, which boasts 79 universities, 141 research and development institutions, 19 key national laboratories and nearly a million college students, is meeting the demand.