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New measures released for better business environment in GDD

Updated : 2020-03-26

Guangzhou Development District (GDD) has recently launched a total of 99 measures in promoting the construction of a better local business environment.

The measures covered 16 areas spanning commercial registration, tax declaration, cross-border trade, scientific innovation, application and protection of intellectual property, platform construction, as well as real estate registration.

The business service model integrating blockchain technology and artificial intelligence will be further promoted to deal with problems like repeat application materials and false registration.

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GDD makes great effort in improving its local business environment.

A technology credit risk compensation fund pool of more than 20 million yuan ($2.82 million) will be set up for local small- and medium-sized enterprises.

The observation system in GDD on its business environment, the first of its kind in Guangdong province, will be further improved, establishing a dynamic adjustment mechanism oriented to the satisfaction of local companies.

Advanced technologies like blockchain, 5G, and big data will be made full use of in areas including tax payments, cross-border trade, administrative services, and judicial adjudication.

Cooperation in areas spanning scientific innovation, IP, and talent cultivation will be further expanded between GDD and Singapore.


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