Nanning area of Guangxi FTZ establishes 8,800 new enterprises

In the first half of this year, 8,800 new enterprises were established in the Nanning area of the China (Guangxi) Free Trade Zone (FTZ), of which more than 90 were foreign-funded enterprises, accounting for 52.1 percent and 76.7 percent of the Guangxi FTZ's total respectively.

Twelve of the 13 key demonstration projects of Guangxi's construction of the ASEAN-oriented Financial Open Portal Headquarters were settled in Nanning, of which 10 are based in China-ASEAN Financial City.

China-ASEAN Financial City has become the main platform for financial cooperation between China and ASEAN, boosting Nanning's ranking in the China Financial Center Index in 2021 by seven places compared to before the financial city was established, ranking first in the country.

The construction of the Nanning core base of the China-ASEAN Information Port has been solidly promoted. In addition, 59 projects have been completed or are under construction in the Nanning area of the Guangxi FTZ, with a cumulative investment of 32.7 billion yuan ($4.84 billion).

In the first half of the year, Nanning introduced eight projects with an investment of more than 50 million yuan, with the total investment of the introduced projects equalling about 1.8 billion yuan.

The Nanning area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]