Guangdong foreign trade climbs for nine consecutive months

According to Guangdong Sub-Administration of Customs, in the first seven months of this year, exports grew by 20.8% to RMB 2.72 trillion, and imports climbed to RMB 1.77 trillion with a 20.1% growth. And it was 15.3% and 15.1% growth for exports and imports respectively, compared with the pre-pandemic level in 2019. Guangdong has also kept up its long-standing cooperation

Guangdong’s listed companies to exceed 1500 by 2025

Recently, Guangdong issued the “Fourteenth Five-Year Plan for Financial Reform and Development of Guangdong Province”. The plan proposes that by 2025, the province’s listed companies at home and abroad will exceed 1500 and the premium income will surge to about 800 billion yuan. According to the plan, financial industries in Guangdong will become an important pillar and the ability to

New rules to build up digital economy in Guangdong

Guangdong’s new rules to boost the digital economy was put under second scrutiny on July 29. The rules center around the digitalization of various industries, and some digital reforms for government as well. Over the past few years, digital economy in Guangdong seems to have outgrown the existing system and is calling for regulations to ensure that it’s well-run. Fostering

Eight months in a row: Guangdong sees positive growth of foreign trade in H1

Guangdong has pulled off a positive growth of foreign trade for eight consecutive months, with total export and import jumping 24.5% year on year to RMB 3.8 trillion in the first half of 2021. According to figures from Guangdong Sub-Administration of Customs, exports grew by 26.9% to RMB 2.3 trillion, and import climbed to RMB 1.5 trillion with a 20.9%

Guangdong export tax refund and exemption close to RMB 300 billion

As one of the early pilot regions of the new tax refund system that recently came online, Guangdong has processed export tax refunds and exemptions totaling RMB 299.227 billion for upwards of 40 thousand enterprises since August 31, 2020. Over the 10-month pilot operation, Guangdong taxation administration has been stepping up efforts to incorporate export tax refund declarations, examining and

Guangdong export tax refund and exemption close to RMB 300 billion

As one of the early pilot regions of the new tax refund system that recently came online, Guangdong has processed export tax refunds and exemptions totaling RMB 299.227 billion for upwards of 40 thousand enterprises since August 31, 2020. Over the 10-month pilot operation, Guangdong taxation administration has been stepping up efforts to incorporate export tax refund declarations, examining and

Guangdong capital market flourishes in H1

The Guangdong capital market has seen a major boost in the first half of 2021, maintaining a domestic leading position. From January through June, Guangdong companies directly raised a total of RMB 610.5 billion, accounting for 17.09% of domestic direct financing with a whopping 30.32% year-on-year growth. The thriving capital has no doubt served as an engine for the growth

Guangdong capital market flourishes in H1

The Guangdong capital market has seen a major boost in the first half of 2021, maintaining a domestic leading position. From January through June, Guangdong companies directly raised a total of RMB 610.5 billion, accounting for 17.09% of domestic direct financing with a whopping 30.32% year-on-year growth. The thriving capital has no doubt served as an engine for the growth