The number of large key enterprises in Guangzhou account for about 50% of the total number of that of Guangdong! In 2014, Guangzhou had 93 enterprises with main business income of more than RMB10 billion, accounting for 46.27% of that (201) of Guangdong province. The total main business income of these enterprises reached about RMB4.2 trillion, accounting for 48.89% of that (RMB8.59 trillion) of the whole province, and keeping a growth of more than 10% for two consecutive years. The development of the large key enterprises enables Guangzhou to become a cluster of headquarters economy in South China.

 

Guangzhou had 81 large key enterprises in 2012, 87 in 2013 and 93 in 2014, keeping a growth of more than 7% for two consecutive years. The number of large key enterprises of Guangzhou also exceeds that of other cities.

 

One of the features is that the headquarters enterprises take a large proportion of these enterprises with main business income of more than RMB10 billion. There are 36 central enterprises (accounting for 53.73% of that of Guangdong) and 14 provincial enterprises (accounting for 77.78% of that of Guangdong). These enterprises accounts for 53.76% of Guangzhou’s enterprises with main business income of more than RMB10 billion.

 

According to industrial insiders, the central enterprises and provincial enterprises locating their headquarters in Guangzhou manifests the location advantage, favorable development environment and profound historical background of Guangzhou as a provincial capital and a central city, allowing the city to give full play to its role in promoting regional economic development.

 

Source: Excerpts from Guangzhou Daily, May 21, 2015