China News Agency, Nanning, May 8 (Huang Lingyan) China (Guangxi) Pilot Free Trade Zone Construction Headquarters introduced on the 8th that since the construction of the Guangxi Pilot Free Trade Zone began for 8 months, a total of 6,426 new enterprises have been established, with an average daily registered enterprises. The number is 3 times before listing.
Last August, China announced the establishment of a new Guangxi Pilot Free Trade Zone. The pilot zone is composed of three large areas of Nanning, Qinzhou Port, and Chongzuo, with a total area of 119.99 square kilometers. It aims to build a high-standard and high-quality free trade park that will lead China-ASEAN open cooperation.
According to reports, it is positioned to focus on the development of modern service industries and emerging manufacturing industries such as smart logistics, digital economy, and the creation of a Nanning area facing the core area of ASEAN's financial opening portal. This year, it has overcome the impact of the new coronary pneumonia epidemic and achieved 1,254 new enterprises, accounting for Guangxi. The number of new enterprises in the free trade zone is 70%.
Since its inception, the Nanning district has attracted 7 newly-established companies from the world ’s top 500 companies, and actually utilized US $ 47.78 million in foreign capital; it has gathered a number of well-known digital economy companies such as Alibaba, Huawei, 360, HKUST, and 41 new financial companies. The institution took the lead in developing a number of financial innovation businesses, and the cross-border RMB settlement volume increased more than three times over the same period in 2018. In the Nanning Comprehensive Bonded Zone, 74 new companies have settled in, cross-border e-commerce imports and exports exceeded 30 million orders, and the first batch of cross-border e-commerce "1210" bonded stocks mode imported ASEAN fruits smoothly.
At present, the Guangxi Free Trade Zone has completed the first batch of decentralization of administrative authority, launched 41 reforms and innovations, and implemented the "full-process assistance" and "one-person-one-management" model for enterprise-related administrative approvals. In the Qinzhou Port Area, the average time for the start-up process of an enterprise is 1 working day, and the seal engraving subsidy is implemented to further optimize the business environment.
The recently introduced “Guangxi Free Trade Thirty Articles” preferential measures put forward that, for enterprises that have settled in China-ASEAN special advantages cross-border industrial chain, commodity trading platform, cross-border finance, cross-border logistics and other fields, according to their local economic 50% -70% of the contribution will be rewarded; support the development of the world's top 500 and multinational companies.
According to the official, the current epidemic has an impact on the economy. Guangxi will seize the opportunities brought by the global industrial chain transfer, focus on the development of traditional industries to complement the strong chain and strategic emerging industries, and promote more headquarters economies to settle in the free trade zone; benchmarking international Advanced, fully solve the difficulties in blocking the business environment, form more reform and innovation achievements with international competitiveness, and explore ways to deepen China-ASEAN cooperation. (Finish)