A view of the Nanning area of the China (Guangxi) Pilot Free Trade Zone. [Photo/WeChat account: gh_df8bc987e060]

The first qualified foreign limited partner (QFLP) fund in Guangxi Zhuang autonomous region settled down in the Nanning area of the China (Guangxi) Pilot Free Trade Zone on Oct 14.

It has marked one more important innovative measure taken by the the Nanning area in facilitating cross-border investment and financing. 

The administrative committee of the Nanning area has been taking an active part in promoting cross-border financial innovation. It has canceled the market access for QFLP companies and the process for starting a company in the area has been simplified. 

The committee will keep working with relevant departments such as the Nanning central sub-branch of the People's Bank of China to attract more foreign investment projects to Guangxi, which will be beneficial to the high-quality development of the regional economy.