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Guangzhou has 2,823 bew high-tech enterprises
Update: 2017-02-10     Source: english.gz.gov.cn
In 2016, Guangzhou presented impressive sci-tech innovative development data. A total of 2,823 new high-tech enterprises was established in the year, ranking No. 1 among nationwide sub-provincial cities and above; 203 enterprises was listed on the OTC market for IPO, bringing the total to 347, ranking No. 1 in the year's IPOs and the accumulation among nationwide provincial capitals; the average of net assets of the city's OTC newcomers ranks No. 1 among Beijing, Shanghai, Guangzhou and Shenzhen; and 73 sci-tech enterprise incubators were established, achieving a growth rate of 61% and bringing the total to 192.

The rapid development of innovative enterprises brings clustering effect. Guangzhou's competitive industries gradually take shape. For instance, biology and health industries are both strategic emerging industries that rapidly develop currently and competitive industries of Guangzhou. Guangzhou has formed a cascade and clustering industrial layout consisting of leading and backbone enterprises.

(Invest Guangzhou)

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