Guangxi Releases a Number of Preferential Financial Policies to Serve the Development of Foreign Enterprises

On September 18, the cloud tours of the Grand Start-off for Financial Industry in Guangxi, a series of events entitled 'Decode A Happy China via Cloud Tours—— Foreign Media Online Interview', was held in Nanning, China.

Group photo of offline guests and online media  Photo: Xie Wenhui

On the day, representatives of Guangxi's financial sector gathered together to hold an in-depth discussion on Guangxi's building of the financial open gateway for ASEAN with more than 10 mainstream media representatives, including Brunei, Indonesia, Laos, Singapore, Thailand, Pakistan and other countries, making dialogues through the cloud.

Fan Shixiang, secretary of Party Committee and director of the Guangxi Local Financial Supervision and Administration Bureau, said in recent years, Guangxi's financial services industry has been opening wider to the outside world. Guangxi encourages domestic bank branches to expand ASEAN financial business, and stimulates qualified foreign strategic investors to develop equity cooperation with Guangxi local legal person financial institutions; supports eligible banks, insurance, securities, asset management and other financial institutions to set up a services base for middle-and-back-offices for ASEAN in Guangxi. We will support the development of intermediary services, including financial leasing, currency exchange, cross-border credit reporting services, credit rating and asset appraisal, which are closely related to the core business of foreign finance.

At the same time, Guangxi continuously enhances the financial market cooperation for ASEAN, builds China-ASEAN Commodity Spot Trading Center and Trade Logistics Center, China-ASEAN Gold Industrial Park; delivery warehouses of Futures Exchanges in Guangxi or ASEAN. In addition, Guangxi supports ASEAN insurance companies to found institutions to conduct business in Guangxi.