Huangpu's foreign capital actual use sees record high in 2020

The actual use of foreign capital in Huangpu district soared 32.16 percent on a year-by-year basis to $2.67 billion between January and November last year, achieving a new record and accounting for about one tenth of Guangdong province's total and one third of Guangzhou's total.

In the first 11 months of 2020, Huangpu had a total of 172 new foreign-funded projects, a year-on-year increase of 11.69 percent, while its contractual utilization of foreign capital reached $3.97 billion, up 126.82 percent year-on-year.

The number of newly-registered domestic enterprises in Huangpu from January to November last year was 52,700, increasing by 43.08 percent year-on-year and with total registered capital of 157.59 billion yuan ($24.39 billion).

The biological drug production base of BeiGene at the China-Singapore Guangzhou Knowledge City in Huangpu. [Photo/Southern Metropolis Daily]

There are currently more than 3,600 foreign-invested enterprises in Huangpu, among which 197 are invested in by Fortune Global 500 enterprises. The actual utilization of foreign investment in the district has topped Guangzhou for more than 20 consecutive years, and has ranked in the top three among all national development zones for five consecutive years.

Huangpu has launched various support policies since the outbreak of the COVID-19 pandemic to stabilize the development of enterprises in the district, including foreign-funded ones, and to support their return to work and production.

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