Country for PR: China
Contributor: Xinhua News Agency
Tuesday, February 28 2017 - 16:09
AsiaNet
China's "Millennium Business Capital" Guangzhou hosted a roadshow meeting of 2017 Fortune Global Forum in Hong Kong
Hong Kong, Feb. 28, 2017 /Xinhua-AsiaNet/-

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 
Economy'.

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 
Global Forum. 

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 
Commercial Capital".

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 
hub.

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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