A major project in the Guangdong-Hong Kong-Macao Greater Bay Area has been launched. On November 24, the launch ceremony of IFF permanent conference site was held in Nansha International Financial Island.

Nansha International Financial Island is to Guangzhou what financial street is to Beijing and the London city is to London. The two complement each other. In the future, financial island will serve as an important ‘city card’ for Guangzhou and even Guangdong province.

The global finance 20 (F20) will take place in Nansha annually.

Nansha development zone management committee cooperates with international financial forum to promote the four major functions of the permanent IFF site and Nansha international financial island project:

●Core financial exhibition area: IFF permanent conference site, south headquarters, SRIA financial embassy

●Financial innovation park: financial research and development area, financial training area, factor trading platform, international academic think tank area.

●Comprehensive service area: hotel, commercial and cultural entertainment services.

●Living service area: talent apartment, project supporting residential area and special international education.

The International Finance Forum (IFF) is an independent, non-profit, non-governmental international organisation founded in Beijing in October 2003. The IFF is a long-standing, high-level platform for dialogue and communications, and a research network in the financial realm. The IFF aims to develop and encourage financial think tanks within China and other emerging economies, and has been upgraded to F20 (Finance 20) status.

In November 2016, the Guangzhou municipal people's government and the IFF signed the strategic cooperation agreement. From 2017, Guangzhou municipality and the IFF have jointly hold the IFF global annual meeting in Guangzhou. In June 2017, the management committee of Nansha development zone of Guangzhou municipality signed the strategic cooperation agreement with the IFF, assenting the IFF permanently locates in Nansha.

IFF the permanent conference site of the project is completed, the IFF global annual meeting will be held regularly in this site. The project investment is of CNY3.5 billion, the scale of land of 240000 square meters, a total construction area of 300000 square meters, comprising the international conference center, hotel, apartment and villa four parts, dominated by meeting function, it combines parties, press conference, exhibitions, commercial housing, and other functions of compound meeting venues.

China Gezhouba group real estate development co., LTD., Guangzhou Nansha urban construction investment co., LTD., Nansha international financial island (guangzhou) co., LTD undertakes the construction task.

The international competition of IFF permanent conference site construction plan selected a total of 6 plans. Two proposals were submitted to the municipal party committee and the municipal government for approval. The permanent conference site and the balanced plan project were reviewed by the committee on October 12 and released for opinion on October 21..

Creating an international vision and integrating into Chinese culture, and responding to bay area are the three key words in the architectural design of the IFF permanent conference site. The building will fully consider the needs of people of various nationalities and levels, and create landmark architectural works of the greater bay area with the development concept of "innovation, coordination, green, open and sharing".

The investment to China's first international financial island has worth of CNY100 billion

The permanent conference of international finance forum (IFF) is located on Nansha international financial island. It is also the first international finance island in China. It is located in the south of Hengli island tip, the core area of Nansha Mingzhu bay. It covers an area of 2.27 square kilometers, with a total construction area of 5.7 million square meters and a total investment of 100 billion yuan.

Nansha island international financial future will IFF permanent site as the core, to gradually introduce high-end elements of the global financial resources, with wide coverage, multi-level and comprehensive system of scientific planning, build international exchanges of collections, financial innovation, ecological protection, cultural heritage, business and leisure travelers, noble sport, entertainment is a body comprehensive sustainable development of community innovation, financial industry agglomeration area and the high quality international urban context, building urban space with characteristics of world landmarks.

In fact, the concept of international financial island has been around for a long time, and Nansha has been brewing for a long time. When the IFF permanent meeting was settled in Nansha, the forum proposed to build China's first international financial island with Guangzhou and Nansha district.

In accordance with the agreement at that time, the international financial BBS will fully give play to the role of financial exchanges platform and strategy, a think-tank, will the BBS south headquarters, permanent financial institutions from all over the world headquarters in Guangzhou, Nansha international conference center, the international green growth fund town, international finance college academic intelligence reservoir and supporting facilities, such as import Nansha island international financial, to attract international capital and high-end financial talent in Nansha agglomeration.

By 2019, Nansha was supported by the outline of the Guangdong-Hong Kong-Macao greater bay area development plan to build an international financial island. In July this year, the provincial party committee and the provincial government issued the opinions on the implementation of the > development plan for the Guangdong-Hong Kong-Macao greater bay area. The concept of international financial islands is further clarified.

The document calls for promoting trials and demonstrations of financial service innovation, building Nansha international financial island to a high standard, and gradually introducing key platforms such as the headquarters of the international financial forum and the headquarters of permanent financial institutions of various countries in Guangzhou. We will focus on developing featured finance that serves the real economy, such as shipping finance, science and technology finance, and financial leasing.

The construction of Nansha international financial island will take the permanent site of the international financial forum as the core, fully introduce the high-end elements of global financial resources, and build the Guangdong-Hong Kong-Macao greater bay area and Guangzhou global innovative financial platform and global financial resource allocation platform.

Guangzhou will rely on Nansha location, space, and policy advantages, the international financial BBS global annual meeting will be stable in the financial island IFF the permanent site of the project, IFF will be comparable to Davos BBS and Boao Forum, and Guangzhou will also rely on the international financial BBS international exchanges and cooperation platform resource advantages, attract high-quality high-end financial resources and talent agglomeration, to build a large bay area of Guangdong international financial hub.
The IFF looks forward to more collaboration with the greater bay area

At the same time as the opening of the IFF permanent conference site, Guangzhou is hosting the 16^th IFF global annual conference.

Nearly 100 guests from around the world attended the annual meeting and held in-depth and comprehensive discussions on the theme of "global stability: new changes and new development". They explored a pragmatic path of financial innovation and stable development in an all-round way, and discussed in depth the future development direction of the new era of globalization, as well as how to solve the crisis and develop cooperation.

Since its permanent residence in Guangzhou in 2017, the IFF annual conference has become an important platform for Guangzhou to show its city image and financial heritage to the world, bringing important opportunities for the Guangdong-Hong Kong-Macao Greater Bay Area and China to better participate in international financial cooperation and development. Since the event was first held in Guangzhou in 2017, it has become an important platform for Guangzhou to attract global high-end financial resources and elements.

At present, the financial industry in the Guangdong-Hong Kong-Macao Greater Bay Area is gaining momentum. The annual meeting will bring more financial resources to Nansha and even more financial resources. Currently, Nansha is striving to build a demonstration zone for comprehensive cooperation between Guangdong, Hong Kong and Macao, and a modern financial service system featuring cross-border finance, shipping finance, science and technology finance, financial leasing and equity investment. Positive results were achieved in financial reform and innovation, with 6,504 financial and quasi-financial enterprises settled in the city, a 52-fold increase over the number before the free trade zone was launched. We have successively launched 26 financial innovation cases, 6 of which have been selected as the best practice cases in the pilot free trade zone of the ministry of commerce and the best financial innovation cases in the pilot free trade zone of Guangdong.
"I have lived in Guangzhou for eight years and have a great affection for it." Zafar Mohammed, IFF's co-secretary-general and former special envoy to the China-Pakistan economic corridor (CPEC), said in an interview with Nanfang daily that the IFF hopes to achieve more financial cooperation in the Guangdong-Hong Kong-Macao greater bay area with the help of the IFF permanent meeting site in Nansha.

This is good news for Zafar Mohammad and the IFF. "I study and work in Guangzhou, and now live in Nansha. I hope to make a contribution to the development of Guangzhou through Nansha."

Muzaffargarh Mohammed thinks, infrastructure construction, economic development requires the participation of financial, permanent site settled in to Guangzhou and international financial institutions to provide a docking platform, gives the government the former politicians and some new ideas in the bay area be born in your organization, for a large bay area of Guangdong and the "area" initiative to provide support.

It is the fourth largest financial center in China

The permanent location of the IFF in Nansha is only an epitome of the financial industry gathering in Nansha. At present, Nansha's important financial service platform projects are advancing steadily. These projects include: Nansha international financial island, Guangdong-Hong Kong-Macao Greater Bay Area international commercial bank, Guangzhou futures exchange, international venture capital center, HSBC global training base, shipping insurance factor trading platform, capital market service base, "One Belt And One Road" and enterprise "go global" comprehensive financial service base.

Reporters from Nanfang daily and Nanfang + have learned that Nansha is striving for the establishment of an international commercial bank and an innovative futures exchange in the greater bay area as soon as possible. HSBC global training base has confirmed the project site selection and the design scheme has been basically stable, strive to start as soon as possible; The international venture capital center has already started construction, and is promoting the introduction of VC/PE and other venture capital enterprises into China venture capital research institute to build a venture capital cluster. Financial think tanks such as Guangzhou financial innovation research co., LTD., Asia-pacific new financial research institute in Nansha district, Guangzhou, and west lake forum on financial leasing (Nansha) research institute have been set up in Nansha, which will provide intellectual support and exchange platform for financial innovation and reform in Nansha.

As the lifeblood of the real economy and the core of modern service industry, Guangzhou has always dreamed of being a financial center. Nansha will add important weight to Guangzhou's dream of becoming a financial center.

Compared with Shanghai, Beijing and Shenzhen, Guangzhou's biggest weakness lies in its lack of a national trading center and insufficient aggregation effect in financial headquarters. However, there is a certain gap between Guangzhou and Beijing, Shanghai and Shenzhen in terms of financial added value, the number of listed companies and the size of local and foreign currency deposits. Guangzhou's financial position has been criticized.

Guangzhou's strength, however, lies in its location. Headquarters of enterprises, financial capital and education, culture and health resources, are first-class. No financial institution can gain influence in southern China without Guangzhou.

In the first half of this year, Shanghai will be the Shanghai stock exchange south headquarters in Guangzhou, for Guangzhou to increase the financial radiation effect of the southern region, it may be said that the tiger added wings. The state supports the establishment of regional private equity trading markets, the establishment of regional trading centers for property rights and bulk commodities, the establishment of innovative futures exchanges with carbon emissions as the first type, and the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area international commercial bank.

A series of plans are under way. In the future, Guangzhou may not be the fourth largest financial center in China. In September 2018, Guangzhou entered the "top 20 global financial centers" list for the first time in the 24^th "global financial centers index" (GFCI) report.

The importance of finance is self-evident for Guangzhou, an international metropolis which mainly relies on the real economy.

The permanent meeting place of the international financial forum starts in Nansha today, and the financial map of the greater bay area is also being reconstructed.

A greater bay area and a world city cluster, Nansha international financial island will be a world-class city name card, jointly build the 21st century maritime silk road financial cooperation demonstration zone, the Guangdong-Hong Kong-Macao Greater Bay Area demonstration window, and China's financial innovation service model.