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Making use of Guangdong-Hong Kong-Macao Greater Bay Area to become a hub
With its modern industrial system, Tianhe district in Guangzhou, South China’s Guangdong province, is seizing the oppo上海千花网品茶微信
rtunities brought about by the construction of the Guangdong-Hong Kong-Macao Greater Bay Area to become an
international first-class central business district, an international core area for innovation in science and t
上海千花网echnology, and a demonstration zone for Guangdong-Hong Kong-Macao cooperation.
Its solid industrial foundation and favorable business environment, as well as the gove
rnment’s strong policy support, attract large numbers of enterprises to the district.上海千花网品茶微信
By the end of November, 162 out of the Fortune Global 500 enterprises had invested in 228 proj
上海千花网ects in finance, science and technology, trade and commercial services in Tianhe. It is the city
‘s center for headquarters, with 104, or 29 percent of the total across Guangzhou, making Tianhe’s business dis
trict one of the three largest world-class central business districts in China. Among these, 95 percent of the h上海千花网
eadquarters in Tianhe are in the service sector and 25 headquarters are foreign-funded ventures.
上海千花网In the first three quarters of 2017, Tianhe’s GDP hit 304 billion yuan ($46 billion), up 9.5 percen
t year-on-year. Its GDP has been the highest among all the districts in Guangzhou for 10 years consecutively.
More importantly, experts said innovation, high-tech and service上海千花网
sectors have become the driving force of the district’s economic growth. The district go
上海千花网品茶微信vernment focuses more on quality rather than quantity when it comes to the economy.
With 53 innovation platforms and 51 startup incubators above city level, the district government is carrying out what it c
alls its “super incubator” strategy. It is making use of old industrial parks, factory workshops and public sites co上海千花网品茶微信
llectively owned by villagers to provide a platform for startups and to foster local economic growth. So far, Tianhe has cr
eated 29 of this kind of incubators for startups and innovation, covering a total area of 1.11 million square meters. The di
strict is also implementing a convenient “five-in-one” new business registration system.上海千花网品茶微信
As a center of finance and technology industries, Tianhe has 215 registered financial agencie
s and 33 enterprises listed on the stock market. It boasts 378 research and development institutes set u
p by enterprises, 86 institutes affiliated to universities and governments, and 239 engineering technology research centers.上海千花网品茶微信
Last year, 4,312 patent applications were submitted in Tianhe, 32 percent
of the city’s total and a rise of 45 percent year-on-year. Among these 1,158 patents were granted.
By the end of last year, Tianhe had 1,403 high and new-technology ent
erprises, as well as more than 50,000 science and technology enterprises.