On December 28th, Guangdong Free Trade Zone (FTZ) issued a report covering five key indices on trade facilitation, investment facilitation, cross-border finance, shipping and leisure tourism development. In the first 11 months of 2020, the zone has attracted 27,000 enterprises, 2,829 of which are foreign-invested.

Other economic indicators of Guangdong FTZ also lead in the country's FTZs from January to November. For instance, the actual use of foreign investment was 6.682 billion USD and the tax revenue was 97.002 billion yuan, with a year-on-year increase of 28.4%.

In terms of trade facilitation index, in 2019, the index of Guangdong FTZ was 107.25, with an increase of 7.25 from the first year (2018). In detail, the FTZ has seen large increases in indicators such as the trade scale and the number of new business-model enterprises.

"By the end of 2019, Guangdong FTZ will have attracted about 60,000 financial companies, and it has become the largest cluster for innovative financial enterprises in the country," said Shen Peng, secretary-general of Qianhai Institute for Innovative Research. The cross-border finance index also increased 14.47% to 6408.18.

The leisure tourism development index (Hengqin) is a new index of the report this year, featuring the tourism development of Hengqin Area of Guangdong FTZ in Zhuhai. The index was 71.56 in 2019, showing the area has bright prospects to develop into an international tourism island.

Author: Will

Editor: Jerry