Nansha gets strong 'booster shot' of economy

The seminar about Nansha's latest financial policy held on Jan 25. [Photo/gznsnews.com.cn]

" Nansha Area of China (Guangdong) Pilot Free Trade Zone for carrying out high-level cross-border trade and investment pilot opening-up financial policy seminar" was held in Nansha, Guangzhou on Jan 25.

This seminar aimed to make market entities and financial institutions understand the policy content better and promote the implementation of the pilot policy of high-level opening-up of cross-border trade and investment foreign exchange management in Nansha.

The approval of Nansha to carry out the high-level opening-up pilot of cross-border trade and investment is  national financial opening-up policy of Nansha. This will strongly promote the financial innovation and development of Nansha and even the Guangdong-Hong Kong-Macao Greater Bay Area, according to Lu Yixian, Party secretary of Nansha district.

The Implementation Rules of the Pilot Reform of High-level Open Foreign Exchange Management in Nansha Area of China (Guangdong) Pilot Free Trade Zone, was officially announced to the public the day before the seminar, ensuring the implementation of the pilot reform in Nansha.

At present, Nansha's business contract amount has reached 500 billion yuan($79 billion), and more than 60 financial innovation cases or pilot projects have been implemented. The cooperation with Hong Kong and Macao has been continuously expanding.