Guangzhou seeks hub status

Guangzhou seeks hub status

Guangzhou: Authorities in the southern Chinese metropolis of Guangzhou are looking to make the city into more of a shipping cluster by getting more finance-related firms to set up in its new free trade zone (FTZ).

The local government is offering incentives to get banks and insurance companies to establish branch offices in the city’s FTZ. The local financial authority will also support the Guangzhou Shipping Exchange to start research on a new shipping financial index.

Guangzhou aims to achieve 550m tons cargo throughput and 20m teu container throughput by 2017. The city is also home to some of China’s most advanced and largest shipbuilders.

Katherine Si

Having majored in English Katherine started out at news portal ShippingChina.com where she rose to become News Editor. In 2008 she moved to work with Sam Chambers and has since held numerous positions including China correspondent for Seatrade magazine. Katherine is in touch with Chinese owners and yards on a daily basis and has had many prestigious news scoops reporting China’s fast evolving maritime scene.

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