Zone becoming better place for businesses

An improving investment climate, strategic development positioning and ceaseless promotions combine to enhance the allure of the Guangdong High-Tech Service Zone for Financial Institutions to potential investors.

Despite the global economic doldrums and domestic competition, this zone in Foshan, Guangdong province pulled in 25 gigantic investment projects, with their combined registered capital or funds raised reaching 11 billion yuan ($1.81 billion) in the past 11 months of this year, official statistics indicate.

To date, a total of 134 renowned financial companies, including those based in the United States, France, Japan, Singapore and Hong Kong have invested in the zone, with their aggregate capital inputs topping 37.5 billion yuan. They include the projects funded by the People's Insurance Co (Group) of China Ltd, China Guangfa Bank, IBM, Fujitsu, HSBC, KPMG and AIA.