Huangpu policies help enterprises cut $1.83b operating costs

Since 2017, Guangzhou's Huangpu district has formulated many preferential financial policies which benefit enterprises, as well as stimulated the vitality and creativity of enterprise development.

In 2022, Huangpu helped enterprises reduce operating costs by 12.5 billion yuan ($1.83 billion).

Currently, Huangpu is home to six headquarters of financial institutions, such as GF Securities, Yuekai Securities, and Guangzhou Rural Commercial Bank, as well as 147 bank branches and 728 venture capital institutions, with the scale of funds under management exceeding 180 billion yuan.

Huangpu has gathered nearly 40,000 small and medium-sized enterprises (SMEs), as well as nearly 2,300 national high-tech enterprises, ranking first among national economic development zones.

More than 80 percent of the industrial enterprises and more than 80 percent of the high-tech enterprises in the district are SMEs, while more than 80 percent of its invention patents, innovative achievements, and new products come from SMEs.

China Venture Capital Science City Building.

Guangzhou Science and Technology Financial Service Base.

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