An investment promotion conference for Guangzhou's Tianhe district took place at the Zhongguancun Software Park in Beijing on July 24, with over 50 enterprises taking part.

The district's GDP has ranked first in Guangzhou for 16 consecutive years, and reached 621.57 billion yuan ($91.57 billion) in 2022, achieving a year-on-year increase of 2.4 percent. It also ranked second among the top 100 Chinese districts in 2022, and topped the nation in investment competitiveness, according to reports from CCID Consulting.

"Tianhe is the most attractive investment hotspot in the Guangdong-Hong Kong-Macao Greater Bay Area," said Rao Jieyi, head of the publicity department of the CPC Tianhe District Committee and director of the administrative committee of the Tianhe Central Business District (CBD), at the conference.

The Tianhe investment promotion conference is held in Beijing. [Photo/WeChat account: gztzth]

Currently, there are more than 529,000 enterprises in Tianhe, with an annual growth rate of over 20 percent.

"You can also find high-end professional service resources and get access to all kinds of talent and innovation resources in Tianhe," said Yuan Xiaowen, executive deputy director of the administrative committee of the Tianhe CBD.

The district has very competitive labor and business operating costs, said Yan Sihui, general manager of the Guangzhou branch of CBRE.

"Tianhe has concentrated business resources, and the development level of its building economy is at the forefront of the country," Yan added. "It is also the scientific innovation highland in Guangzhou."

A view of the Tianhe CBD. [Photo/WeChat account: gztzth]

To date, Tianhe has built four key development platforms, namely the Tianhe CBD, Guangzhou International Financial City, Tianhe Smart City, and Tianhe Intelligence Valley.

Additionally, Guangzhou International Financial City boasts a splendid geographic location, sitting at the intersection of the Guangzhou-Shenzhen-Hong Kong-Macao Technological Innovation Corridor, the Pearl River coastal economic belt, and Guangzhou's sci-tech innovation axis.

The 234 incubators and maker spaces in the district also help with attracting and developing entrepreneurs and innovators.