The aerial view of the Mingzhu Bay area in Guangzhou's Nansha district. [Photo/southcn.com]

After five years of construction, the headquarters agglomeration of Mingzhu Bay area, the core area of Nansha district, Guangzhou's only city sub-center, has gained great momentum, as the area has attracted 29 industrial projects, involving a total investment of about 68.8 billion yuan ($9.77 billion), by the end of November.

Being an important part of the Nansha area of the Guangdong Pilot Free Trade Zone, Mingzhu Bay plans to construct a world leading central business district in the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on industries like headquarters economy, financial service, technological innovation, and trade service.

Six headquarters projects with an overall investment of 13.4 billion yuan, including Yuexiu International Financial Center and Nansha International Trade Center, started construction in April, expecting to attract a number of headquarters companies in areas spanning financial service, smart transportation, and international trade, as well as foreign affairs organizations. 

The construction for the permanent site of the International Finance Forum (IFF) kicked off in November, according to the strategic cooperation agreement that was signed between the administration committee of Guangzhou Nansha Development Zone and IFF in June 2017.

The establishment of the permanent site is expected to attract international capital and high-caliber talents to Nansha.

In addition, the overall layout of Mingzhu Bay has paid attention to improving local residents' livelihoods, such as introducing quality medical service institutes and schools to meet the diverse needs of people living in the area.