Huangpu district attracts foreign investments, enterprises through reforms

Guangzhou's Huangpu district has rolled out its 6th wave of business environment reforms, attracting a multitude of foreign investments and enterprises. 

This year alone, several foreign-funded projects have been signed and established in the district. Just in the first quarter, the district inked deals with 90 new projects, marking a year-on-year increase of 30 percent.

Huangpu has also attracted investments from several notable companies through the expansion of its production lines and its enhanced localized research and development. Its superior business environment and well-developed industrial support have also attracted high-level executives from many Fortune 500 companies to explore the district's strategic upgrades.

Huangpu's investment promotion activities have yielded significant results. The district has hosted over 10 overseas investment promotion events, securing contracts for multiple large-scale projects.

Boasting mature biopharmaceutical industry chains and other advantageous sectors, Huangpu had gathered over 2,500 foreign-funded enterprises. The district's actual utilization of foreign capital reached 19.38 billion yuan ($3.04 billion), up by 10.91 percent year-on-year, leading all other districts in Guangzhou.

Huangpu will continue attracting advanced manufacturing enterprises, modern service industries, and foreign-funded projects. Its yearly target is to sign 400 project contracts, some of which will be 10 billion yuan-level projects.

Through continual improvements to its business environment and proactive investment promotion, Huangpu has emerged as a thriving hub for sustained foreign investments.

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