huanqiu.com's 2017 China's Most Popular Cities for Foreign Investment award receives widespread attention

Guangzhou selected as a winner

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Jan 03, 2018, 01:37 ET

BEIJING, Jan. 3, 2018 /PRNewswire/ -- On the afternoon of December 28, the 2017 huanqiu.com Finance Summit organized by finance.huanqiu.com, the financial news section of the website of leading Chinese-language newspaper The Global Times, opened at Radegast Hotel Beijing Bohao. Seeking to gain a global perspective, the summit brought together economists and experts with extensive international influence and leadership to determine the winners of the 2017 China's Most Popular Cities for Foreign Investment award.

Representatives from the 2017 China's Most Popular Cities for Foreign Investment accept awards at the first huanqiu.com Finance Summit

The cities of Guangzhou, Guiyang, Qingdao, Wenzhou and Xi'an were selected as the winners of the award.

This was huanqiu.com's first Finance Summit and the winners of the award were selected based on the last 12 months of global media monitoring data provided by the world's most authoritative third-party news and information providers, including Dow Jones-owned business information and research database Factiva.com, leading global news release distributor PR Newswire and China news media analysis and research service provider Fanews, according to indicators including the importance that media organizations attach to each city, the amount of media coverage, the degree to which the coverage was positive rather than negative as well as the reach of the coverage, all of which was weighted according to relevance and combined with the results of a questionnaire survey conducted by Global Times' Global Survey Center among more than 10,000 investors in 17 countries across six continents.

Guangzhou achieved new breakthroughs when it came to attracting investment in 2017, with 297 Global 500 companies having made a bet with their pocketbooks on the city. Foreign investors have shown increasing confidence in putting their money into Guangzhou as evidenced by increases in investment and share capital. During the first eleven months of 2017, 184,000 new companies registered in Guangzhou, an increase of 48.8 percent compared to the corresponding period of the previous year, with combined registered capital growing 110 percent to 1.52108 trillion yuan. During the same period 2,244 new foreign-invested companies were incorporated, up 40.5 percent, contracted foreign investment reached US$14.16 billion, up 50.7 percent, foreign investment deployed totaled US$6.24 billion, up 10.0 percent, while 356 existing foreign-invested companies including LG Display, GAC Toyota and BeiGene increased their investments, with attributable contracted foreign investment rising 150 percent to US$5.06 billion.

SOURCE huanqiu.com