In Guangzhou, business approvals to be streamlined

Guangzhou's Tianhe district in Guangdong province, is sparing no effort to build a first-class international business environment to help promote the high-quality development of the financial hub.

Chen Xiuge, deputy director of the district government service data management bureau, said on Monday that his bureau would further simplify enterprise registration procedures, promote online registration services and provide better services to attract companies from outside to set up their new production facilities, branches and offices in the district in the months ahead.

According to Chen, the bureau is now constructing a high-quality government service environment. It is making great efforts to build a new digital government service system that is convenient for enterprises and for people starting businesses.

Meanwhile, Chen said, the bureau would further reduce the number of administrative approvals needed, improve enterprise services and introduce more digital and artificial intelligence technologies.

According to the bureau, Tianhe district in the central business district of Guangzhou, has given the green light to 10,280 new companies as of the end of Monday this year.

Of them, 5,137 new companies were established in Tianhe since February, with an average of 367 new companies starting operations daily.

Chen said he believed more than 100,000 new companies will be granted certificates to begin operations in Tianhe this year, demonstrating the district's strong economic growth momentum.