Nansha seeing surge in new companies thanks to PFTZ

A total of 299 foreign-invested companies registered in the Nansha area of the Guangdong Pilot Free Trade Zone (PFTZ) since the area adopted foreign investment management reform based on the negative list in May in 2015.

"Those companies are involved in fields which include trading, financial leasing, logistics and technological services," said Luo Jianzhong, director of administrative affairs office of Nansha district government, Guangzhou city.

Tomorrow marks the one-year anniversary of the Nansha area establishment in Guangdong PFTZ.

The area achieved 142 items of innovation for facilitating investment in the past year, including 25 which can be adopted across Guangdong province, Luo said.

The entire Nansha district recorded 9,919 new companies in the past year, more than the total prior to the Nansha area of Guangdong PFTZ launch. The total sum of registered capital is at about 83.58 billion yuan.

The cross-border e-commerce monitoring model initiated in the Nansha area of Guangdong PFTZ is listed as one of the eight best practice cases in PFTZs across the country by the Ministry of Commerce.

Bonded imports for cross-border e-commerce business exceeded 1.38 billion yuan in Nansha, last year, nearly 45 folds over the previous year.