Home appliance manufacturer Haier is set to establish finance center in Nansha, signing a cooperation agreement with the district's management committee and Guangzhou science technology and innovation commission on Aug 14.
According to the statistics released by Guangzhou municipal commission of commerce, the newly introduced registered capital in Guangzhou from January to July this year increased to 920 billion yuan ($138 billion), a year-on-year increase of 140 percent, with IAB investments reaching 1,000 billion yuan.
Guangzhou's bio-industry enterprises joined hands on Aug 8, to create an alliance in order further the city's IAB strategy.
In an effort to give its financial leasing companies a competitive advantage, Guangzhou will offer subsidies to those companies which have been settled in the city for at least one year; it was announced recently.
Two cities in Guangdong province, Guangzhou and Foshan, have pledged to enhance cooperation in many sectors in the future, said officials on July 28.
Guangzhou will step up its efforts in building a leading demonstration city for the national Made in China 2025 strategy, with the support and guidance of the Ministry of Industry and Information Technology.