As of November, 401 financial companies were located in China-ASEAN Financial City.

China-ASEAN Financial City has initially formed a concentration of financial industries, mainly banks, insurance and securities companies, and funding ventures. Of the first 13 key demonstration projects of the financial opening portal of Guangxi Zhuang autonomous region, Nanning has 12, or 92.3 percent.

China-ASEAN Financial City is located in the Nanning area of the China (Guangxi) Pilot Free Trade Zone (FTZ). It has the Hong Kong Southeast Asia business operation center of the Bank of China, the Taiping Insurance Group ASEAN Insurance Service Center, and the Nanning financial service center of the Bank of Communications of China.

Based on the construction of the core area of the Nanning area of the Guangxi FTZ as a financial opening portal for ASEAN, China-ASEAN Financial City features high quality, a number of major financial platforms and cross-border financial innovation platforms., innovative ways of attracting investment, and accelerated development of financial elements.

As of November, the Nanning area of the Guangxi FTZ had captured 30.89 million yuan ($4.44 million) as the local economic contributions of enterprises, and 35.36 million yuan as actual foreign investment in place in foreign-funded enterprises. It had allocated 358,000 yuan for subsidies for leasing office space for foreign-funded enterprises, 10.95 million yuan for 318 personnel contribution awards, and 55.63 million yuan to benefit financial enterprises in China-ASEAN Financial City.

The Nanning area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]