Guangdong capital market flourishes in H1
The Guangdong capital market has seen a major boost in the first half of 2021, maintaining a domestic leading position. From January through June, Guangdong companies directly raised a total of RMB 610.5 billion, accounting for 17.09% of domestic direct financing with a whopping 30.32% year-on-year growth.
China's AI industry scale exceeds 40 bln USD in 2020
The industry scale of China's artificial intelligence (AI) industry reached approximately 43.4 billion U.S. dollars in 2020, according to the China Academy of Information and Communications Technology (CAICT).
Huangpu expands "Cross Border Pass" service into Europe
Guangzhou's Huangpu District has recently expanded the "Cross Border Pass" service into Europe, which offers overseas investors commercial services such as business registration, license transfer and opening a bank account.
Guangdong saw a robust economic growth in the first 5 months
Guangdong has seen a robust economic growth in the first five months of this year, with the year-on-year growth rate of main indicators such as consumption, fixed assets investment, import and export volume all exceeded 20%, according to the data released by the Statistics Bureau of Guangdong on June 21.
Guangdong FTZ to further cooperation with HK, Macao
Recently, Guangdong Pilot Free Trade Zone (FTZ) issued a draft outline of the 14th Five Year Plan (2021-2025), saying that it is to build an international shipping and trade hub in the Greater Bay Area (GBA), and to deepen cooperation with Hong Kong, Macao SARs.
Biden revokes Trump executive orders targeting TikTok, WeChat
The new order signed by Biden directed the U.S. Commerce Department to instead evaluate software applications connected with "foreign adversaries" under recent U.S. supply-chain security rules "and take action, as appropriate," according to the White House.
Guangdong starts "one integrated license" pilot reform for business registration
On June 7, Guangdong issued a plan to implement the "one integrated license" pilot for facilitating business approval services of enterprises. It is to integrate the previously required multiple licenses into one, so applicants can acquire different approvals and permits in only one license application.
Guangzhou remains top preferred reinvestment destination for four consecutive years: AmCham South China
Guangzhou has been selected as the top preferred reinvestment destination for four consecutive years, according to a special report released by the American Chamber of Commerce in South China (AmCham South China) on May 24th.
Policies provide strong financial support for GBA development
Since a financial support guideline with 30 specific measures for the development of the Greater Bay Area (GBA) was issued by central bank on May 14th of last year, over 90% of the measures have been implemented, according to Guangdong Financial Supervisory Authority.
PepsiCo's 40th anniversary in China pays tribute to pioneer spirit
PepsiCo celebrated its 40th anniversary in China and the establishment of its Shenzhen Plant at the Shenzhen Pepsi-Cola Beverage CO., LTD. on May 13th, 2021.