At the Financial Leasing Promotion Conference of Nansha New Area held by the Administrative Committee of Nansha Economic and Technological Development Zone of Guangzhou during the 2015 China (Guangzhou) Annual International Investment Meeting on March 26, Ding Hong, member of the Standing Committee of CPC Guangzhou Committee and director of the Administrative Committee of Nansha Economic and Technological Development Zone and secretary of the CPC Committee of the zone, gave an introduction to the achievements made in the development and construction of Nansha New Area in recent years. Ding also made an introduction to the preparation for the construction of the China (Guangdong) Free Trade Pilot Zone in Nansha.  It was said that more than 130 policies will be made public on the day of the establishment of the free trade pilot zone.

 

Ding said that Nansha is sparing no efforts to make preparation for the construction of the free trade pilot zone, and basically everything is ready. First, related institutional system has been established. Documents on management, organization and negative list for foreign investment have been made, while related working systems have been established. Second, the construction of the integrated customs clearance system has been greatly promoted, while the construction of the pilot site for “single window” services for international trade, the establishment of the mechanisms for information sharing between customs and inspection and quarantine departments, mutual supervision and assistance for law enforcement as well as the development of e-ports have been further promoted. Third, the planning and construction of various sub-zones in the free trade pilot zone have been launched. Functions of all seven sub-zones and categories of key industries to be developed in these sub-zones have been defined. The project of the startup zone at Mingzhuwan has entered a stage for fast construction, while the spatial pattern at Jiaomenhe central area has taken initial shape. Fourth, introduction of projects has been enhanced. A zone covering 290,000 square meters has been set up as carrier of the introduced projects, and 1,200 companies have finished registration. A great number of important functional projects have been introduced. Fifth, the transformation of government functions has been finished. The mechanism for governance based on the List of Powers and Responsibilities has been adopted. “One-seal administration” and “one comprehensive team for law enforcement” have been piloted, reducing administrative procedures by 37.6%.

 

It's worth mentioning that 100 selected enterprises will make registration at the free trade pilot zone in Nansha on the day of the establishment of the zone. At the same time, more than 130 institutional documents on organization, foreign investment and negative list will be made public.

 

Currently, Nansha maintains a good development trend. In 2014, contracts for projects worth RMB 476.7 billion were signed. Now, about 200 projects with total investment of RMB400 billion are under negotiation, while 295 projects are in the process of construction, with total investment of RMB132.6 billion. It was learnt that, during the 2015 China (Guangzhou) Annual International Investment Meeting, Nansha New Area reported 19 major projects under negotiation, with total investment of RMB55.2 billion, the highest throughout the city of Guangzhou, mainly covering the fields of headquarters economy, financial services, high-end manufacturing, shipping and logistics as well as high-level medical services.

 

Source: Nanfang Daily, March 27, 2015