The Nanning area of the China (Guangxi) Pilot Free Trade Zone has been accelerating the construction of the China-ASEAN Financial City and has welcomed nearly 10,000 companies and institutions to settle down, officials from the Nanning area announced on Oct 12.

China-ASEAN Financial City's online service platform also made its debut on the same day, which will provide services for China and ASEAN companies in areas spanning policy consultation, service reservation, company promotion and financing to help turn Nanning into an open financial gateway for ASEAN.

A host of major platforms such as the Bank of China's (Hong Kong) Southeast Asia operation center and the Shenzhen Stock Exchange's Guangxi service base has been introduced to the city.

China Taiping Insurance Group's ASEAN insurance service center has also been launched in Nanning, providing a total risk coverage of 24.2 billion yuan ($3.8 billion) for 16 major projects invested by Chinese companies in ASEAN countries. 

Officials from the Nanning area of the China (Guangxi) Pilot FTZ noted that further upgrading will be carried out for the China-ASEAN Financial City and measures will be taken to promote cross-border financial innovation.