Guangdong promotes financial service zone to US investors

NEW YORK - The government of Guangdong province in south China held a conference in New York on Tuesday, promoting Guangdong Financial High-tech Service Zone to US investors.

Held in Harvard Club, the promotional conference was aimed to inform the US financial circle of the development as well as perspectives about the Zone, telling the potential investors about the possible cooperations opportunities with Chinese partners.

Zhou Gaoxiong, chief director of the Finance Affairs Office of Guangdong Province, said Guangdong has unique advantage to become the financial service center for the whole Asia-Pacific region because it has rich financial resources as it ranks No 1 in GDP among all Chinese provinces and is next-door neighbour to the Asian financial center of Hong Kong.

He said Guangdong welcomes and will offer supports to US large financial institutions, financial service outsourcing enterprises and new industries to help them set up headquarters, branches or service centers in the Financial High-tech Service Zone. The cooperation can be developed in three areas, namely in further exploring the financial markets, boosting financial innovation and developing the financial backup service industry in Guangdong.

Lowell H. Feuer, a financial consult and investor, found the promotion conference very informative and expressed willingness to seek partnership to do business in the Guangdong Financial High- tech Service Zone.

Guangdong Financial High-tech Service Zone was established in July 2007. Major international companies like AIA, IBM and GDB have built backup centers or outsourcing bases there.