Finance to lift growth of Nansha district

Innovative financial policies for the Nansha New District, part of the newly approved Guangdong Free Trade Zone, would help boost financial cooperation between Guangdong and neighboring Hong Kong and Macao, leading industry experts said on Thursday.

Yi Cheng, deputy director of the research bureau of the People's Bank of China, the central bank, said a series of financial policies would soon be issued for investors in Nansha, following the central government's approval of a development plan for the Guangdong FTZ.

"Nansha will focus on developing financial services in science and technology and shipping industries to push forward overall regional cooperation, especially in the financial sector, between Guangzhou and Hong Kong and Macao," said Yi.