A summit forum of venture capital was held in Guangzhou Development (Huangpu) District on Dec.14. This forum not only focuses on providing better solutions for Guangzhou Development District to better integrate in development of Guangdong-Hong Kong-Macao Greater Bay Area, but also helps to facilitate the establishment of the Greater Bay Area.
It is no doubt that “Guangdong-Hong Kong-Macao Greater Bay Area” is a hot word for Guangdong in 2017, especially that it is confirmed as one of the key strategy for coordinating the cooperation between Chinese Mainland, Hong Kong SAR and Macao SAR in the report delivered at the 19th National Congress of the Communist Party of China.
The Guangdong-Hong Kong-Macao Greater Bay Area consists of 9 cities and 2 SARs, including Guangzhou, Shenzhen, Foshan, Dongguan, Huizhou (excluding Longmen) Zhongshan, Zhuhai, Jiangmen and Zhaoqing (city center and Sihui), Hong Kong and Macao.
“The establishment of Guangdong-Hong Kong-Macao Greater Bay Area offers a great opportunity for Guangzhou Development District,” said Zhang Huifeng, chief economist of the Adminstrative Committee of Guangzhou Development District. “As the center of the Greater Bay Area and the door of the Guangzhou-Shenzhen Science and Techology Innovation Corridor, the Development District aims to build a world-class science park with world influence.”
Currently, a total of 1047 high-tech enterprises are established in the Development District, among which, 46 are listed companies. Furthermore, the Development District owns the largest incubator cluster in southern China.
“Sectors of intelligent manufacturing, information technology, artificial intelligence and bio-pharmaceutical have developed well in the Development Distrcit in recent years, due to industry transformation and upgrading.” Zhang added.
“We hope that more and more domestic and overseas venture capital companies can settle down in the Development District so that they can support the development of science-and-technology enterprises in the district.” Said Yan Yibin, General Manager of Guangzhou Finance Holdings Group Co., Ltd.
“It is good to know that China plans to build a Greater Bay Area in southern China,” said Clare Fairfield, president of Venture Capital College of America. “The southern China has a very high quality life, which is important for development of innovation sector, including better infrastructure, interesting architecture and delicious food.”
“The Development District can play an important role in the Greater Bay Area and I feel optimistic about its future development.” He added.
As the first batch of national level development zone, Statistics show that the Development District is ranked among the top three development zones in China with GDP of 300 billion yuan .
