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Demonstration zone for comprehensive cooperation: Nansha of Guangzhou

Updated: Mar 8, 2019 govt.chinadaily.com.cn Print
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Based on the existing solid cooperation foundation, the Guangdong-Hong Kong-Macao Greater Bay Area will make full use of existing major cooperation platforms including Qianhai of Shenzhen, Nansha of Guangzhou, and Hengqin of Zhuhai to explore a new model for coordinated development. It will increase the pragmatic cooperation between the nine cities involved in the Pearl River Delta, Hong Kong, and Macao, by promoting exchanges of personnel, materials, capital, and information. The cooperation platform will inject a new impetus for Guangdong-Hong Kong-Macao development and play an exemplary role in the close cooperation among Chinese mainland, Hong Kong, and Macao.

Nansha of Guangzhou will join together with Hong Kong and Macao to build itself a high-standard getaway for opening-up. It will fully leverage the advantages as a national high-tech zone and a pilot free trade zone, taking the functions of international shipping and financial and technological innovation in the Greater Bay Area. 

Newly-built land in the zone will be reasonably coordinated, and its urban layout and spatial structure will be optimized to strengthen the integration of urban planning, transport, and public service facilities with surrounding areas. Nansha will also cooperate with Hong Kong and Macao to set up an international exchange platform for Chinese firms.

A demonstration zone for innovative development will be co-built. Guangdong-Hong Kong-Macao cooperation in technological innovation will be reinforced to build Nansha into Southern China's focused area for the commercial application of achievements in technological innovation.  

Frontiers in science and technology, including the industries of new-generation informational technology, artificial intelligence, life and health sciences, marine technology, and new materials will be given high attention; new forms of industry such as the platform economy, the sharing economy, and the experience economy will be developed. Based on the principle of co-construction and sharing, Guangdong, Hong Kong and Macao will cooperate to establish industrial parks. An international commercial environment under the rule of law will be created, and public services and social management in line with Hong Kong and Macao will be offered for industrial upgrading and living quality improvements.

A key financial service platform will be built. On the basis of strengthening financial services for the real economy, specialized finance such as ship finance, financial technologies, as well as aircraft and ship leasing will be focused on for development. 

Cooperation with Hong Kong and Macao financial institutions will be supported in offshore financial businesses, and the construction of an innovative insurance trading platform, such as international shipping insurance, will be explored. The International Commercial Bank of Greater Bay Area will be looked at to be launched in the Guangdong Pilot Free Trade Zone. An account management system concerning cross-border fund management and cross-border use of the renminbi, as well as convertibility of capital projects in line with the development of Greater Bay Area will be explored to promote cross-border trade and investment, as well as financing settlement facilitation. 

Quality living circle will be created. Nansha of Guangzhou will be built into an international city featuring Linnan water village and marine culture, as high-standard urban planning and development is pursued, while core ecological competitiveness is strengthened. Preferential policies and mechanisms for the development of talents are also being actively explored. More convenient conditions to residents in the area will be offered.

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