Along with the opening of the 2017 Fortune Most Powerful Women International
(MPWI) Summit in Hong Kong, Guangzhou municipal government hosted a roadshow
meeting of 2017 Fortune Global Forum in the same city on February 27, 2017.
This is the second stop of Guangzhou's global roadshow launched for the Forum.
As reported, the 2017 Fortune Global Forum will take place in Guangzhou on
December 6 to 8 with the theme of 'Openness and Innovation: Shaping the Global
Cai Chaolin, Vice Mayor of Guangzhou attended the meeting and made keynote
speech. Cai said that Guangzhou and Hong Kong have seen closer and fruitful
cooperation in the past two decades and will have more promising prospect for
future cooperation. Hong Kong, as the bridge for multinationals to invest in
Guangzhou and for Guangzhou enterprises to invest globally, has played a very
important role in Guangzhou's socioeconomic development. Therefore, Guangzhou
regarded Hong Kong as an important stop in its global roadshow of 2017 Fortune
Guangzhou has been China's important foreign trading port for over 2,000 years,
with a reputation of "Millennium Business Capital". Now the city is drawing
more and more attention from the global investors and is on the way to "Modern
By the end of 2016, 288 of the world's Fortune Global 500 Companies have had
operations in Guangzhou, among which Cisco Systems (China) invested 20 billion
RMB in the Cisco (Guangzhou) Smart City project, aiming to build the largest
platform of Internet R&D and intelligent operation.
One of the biggest advantages of investment business environment in Guangzhou
is its world-class infrastructure. What's more, it has developed and complete
industrial chain, 10 key industries including automobile manufacturing, fine
chemical industry, major equipment, trade exhibition, financial insurance,
modern logistics, a new generation of information technology, bio medicine, new
materials, new energy and environmental protection etc. The production and R&D
of the manufacturing industry has ranked top in China.
The city also has strong support of innovation and entrepreneurship, with 2/3
of the province's universities, 97% of the national key disciplines, all key
state laboratories. 2,880,000 talents have a college degree or above and there
are 1,410,000 technical and managerial personnel.
People pay more attention to the invest boost effect formed by "soft
environment" improvement brought about by system reform and government service
level's promotion. As for institutional change, China (Guangdong) Pilot Free
Trade Zone (FTZ) Nansha Area of Guangzhou is worth mentioning. It has
implemented a series of innovative measures like foreign investment negative
list management, cross-border RMB business innovation, financial exchange
innovation, shipping logistics industry innovation, economic deep cooperation
between HK, Macao and Guangzhou, trade facilitation, government service
optimization etc. This area has become the new engine of economic growth,
transformation and upgrading, being forged into high level opening-up gateway
Free Trade Zone (FTZ) Nansha Area of Guangzhou, as an important platform for
deepening the Guangzhou-Hong Kong cooperation, has developed 209 reform and
innovation initiatives, many of which are at the forefront in China, and is
becoming a new benchmark of institutional innovation.
SOURCE: Guangzhou Municipal Government
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