24 May 2019

Guangzhou unveils financial sector development plan, paper says

The Guangzhou government unveiled on Tuesday a plan to develop the city as a key regional financial center, following a draft proposal approved by the municipal party committee in early November, the China Securities Journal reported. Under the plan, the city aims to have its financial sector account for 9 percent of local GDP by 2015, and 12 percent by 2020. About 15 financial firms with national influence and strength will be developed and up to firms will be nurtured for stock market listing, the report said.

– Contact HKEJ [email protected]



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