On January 6, the RCEP Guangzhou Cross-border Financial Innovation Center was officially inaugurated and Guangzhou Municipal Commerce Bureau issued an RCEP investment manual to help enterprises to go global.
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In recent years, RCEP member countries contributed over 33% of Guangzhou's import and export volume. ASEAN has become Guangzhou's largest trading partner, and RCEP countries are also the main investment destination for Guangzhou enterprises, said Cao Zhicong, L2 Inspector of Guangzhou Municipal Commerce Bureau.
Cao also pointed out that financial opening and innovation is an important engine for building a new pattern of an open economy, the bureau will provide financial support for the city to enhance investment and service trade cooperation under the RCEP agreement.
China Construction Bank is the first financial institution to participate in the development of the innovation center, it has launched China's first RCEP financial product service package to serve companies.
According to an official of the bank, the measures offer convenient and intelligent financial services such as credit support to facilitate trade and investment, as well as promote market openings for both local enterprises and RCEP members.
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The RCEP investment manual collects investment environment, policies and precautions for investing in RCEP and ASEAN countries which can provide a quicker reference for Guangzhou enterprises to better understand the legal systems and policies of their investment destinations.
