Guangxi holds a symposium on building a global investment network in Nanning on July 24. [Photo by Lin Hao/chinanews.com]

A symposium on Guangxi building a global investment network was held in Nanning on July 24, in an effort to attract more investment from home and aboard.

The symposium announced the first batch of cooperative institutions, including world-renowned professional service organizations, as well as business associations in different regions of the country. A total of 13 enterprises executives and leaders of business associations and institutions from the Yangtze River Delta, the Pearl River Delta, the Beijing-Tianjin-Hebei region, Hong Kong, Macao, Taiwan, Japan, South Korea, Europe, and the United States were also hired as investment promotion consultants.

One world-renowned professional service organization and five business associations are engaged by the Guangxi Investment Promotion Agency as cooperative institutions. [Photo by Lin Hao/chinanews.com]

Yang Chunting, director of the Investment Promotion Agency of Guangxi Zhuang Autonomous Region, noted at the symposium that in addition to issuing incentive policies to improve investment, unprecedented incentives have also been given to intermediary institutions.

Enterprise executives and leaders of business associations and institutions are employed as investment promotion consultants. [Photo by Lin Hao/chinanews.com]

Investment intermediaries that successfully introduce high-tech enterprises and headquarters enterprises can receive a one-off award of 0.5 percent of the actual funds in place. Investment promotion agencies that are entrusted by the Guangxi Investment Promotion Bureau can apply for upfront funding ranging from 200,000 yuan ($29,076) to 500,000 yuan per year.

Yang said that Guangxi will continue to broaden and optimize channels for attracting investment.