Outstanding companies accelerate deployment in Guangxi FTZ


Updated: 2020-06-23

Since the establishment of the China (Guangxi) Pilot Free Trade Zone, a growing number of excellent companies and projects have been attracted to settle in the FTZ, according to the Guangxi Investment Promotion Bureau.

From January to May, Guangxi FTZ has signed 70 projects with central enterprises, private enterprises, and enterprises from the Guangdong-Hong Kong-Macao Greater Bay Area, with a total investment of 8.7 billion yuan ($1.23 billion). Moreover, 18 projects are planned to be signed, with an investment of 2.58 billion yuan, and 64 major projects that each have a value of over 100 million yuan have been introduced, with a total investment of 30.64 billion yuan.

To date, the FTZ has more than 80 companies listed as Fortune 500 Companies, Top 500 Chinese Companies, Top 500 Chinese Industry Enterprises, and Top 100 Most Valuable Brands, including DHL, Inspur Group, China Taiping, Hong Kong Greenland Group, Shanghai Huayi Group, and Shenzhen 3Nod Group.

From January to May, Guangxi FTZ attracted 3,915 enterprises from 16 leading industries, such as digital economy, manufacturing, green chemicals, and electronic information. The top six leading industries with the most settled enterprises are digital economy, cross-border trade, international trade, cross-border logistics, port and shipping logistics, as well as emerging manufacturing, accounting for 30.6 percent of the total number of registered enterprises.

In the first quarter of the year, the FTZ's actual utilized foreign capital was 210 million yuan, accounting for 16.7 percent of the region. Port and shipping logistics, electronic information, cross-border logistics, as well as other industries have become hot spots for foreign investment, attracting a number of foreign-funded enterprises like Suez Environnement, Praxair, Vopak, and GLP Group.