Guangzhou, capital of Guangdong province in South China, boasts a friendly climate for business and innovation. (Photo provided to China Daily)
Three districts help to put Guangzhou on the global innovation map
Three districts in Guangzhou, capital of Guangdong province, highlight the city's focus on innovation. Yuexiu, Tianhe, and Guangzhou Development District all exhibit the local government's success in creating supportive environments for business and innovation. [Special Coverage]
In Yuexiu, 32 commercial buildings and two headquarters obtained star-level building certificates on Nov. 2.
The total floor area of these 32 commercial buildings covers more than 1.4 million square meters and they brought in 6.3 billion yuan ($952.8 million) in tax revenues in 2016, accounting for 20 percent of the district's total tax revenue. In other words, each square meter of these buildings generated tax revenue of 4,347 yuan last year.
"We have upgraded the criteria for evaluating starred commercial buildings this year, in a bid to enable those that meet the criteria to better represent the high quality of the starred buildings," said Feng Zhihui, deputy dean of the Guangzhou Institute of Standardization.
Since the district designated its first group of starred commercial buildings in 2015, subsequent commercial developments have taken these as examples when designing facilities to attract companies, Feng said.
The Pearl River International Building is one of the starred developments in the district and it has improved its status from a four-star building to a five-star one within two years.
Zhang Jiaoli, project manager of the developer Hopson, said: "We have been unremittingly upgrading our facilities, smart visitor system, commercial services and security control since being evaluated as four-star."
"We conduct a satisfaction survey among our lessees twice per year, and the results show that their satisfaction has been above 98.5 percent every year," Zhang added.
To date, the Pearl River International Building has drawn some renowned enterprises, including Fortune 500 companies such as Sodexo and Stryker.
Another starred complex, the Guangdong International Building, has established a industrial cluster, gathering a group of consulates, overseas education agencies, banks and airlines.
"The starred commercial buildings have already become key platforms for Yuexiu to attract, incubate and cultivate businesses," said Su Pei, head of the district. "Successfully forging a batch of high-end commercial buildings injects strong momentum to the district's economy growth."
Yuexiu has attracted 325 key projects and five capital companies each with 1 billion yuan in registered capital in the first three quarters of this year.
There are also 11 projects funded by Fortune 500 companies and 67 significant projects located in Guangzhou Development District.
Zhou Yawei, a member of the standing committee of Guangzhou's Party committee, said: "Guangzhou Development District is a battlefield hub for the information technology, artificial intelligence and biopharmaceutical industries."
To speed up the administrative procedures for companies, the district has established the first administrative examination and approval authority in Guangdong that offers one-stop streamlined services.
