Guangxi's New Opportunities for Free Trade Promotes Further Cooperation between China and ASEAN

Nanning, 11th June – NeuXP and its strategic partner in China, Cloudbae, today participated in the Online Overseas Session of ASEAN-China (Guangxi) Investment Promotion in Nanning to announce new opportunities for free trade in Guangxi, China.

NeuXP Group (“NeuXP”), an omnichannel digital banking platform, through its business automation platform for non-residents, Biz@NeuXP, collaborated with Cloudbae Big Data Industry Development Co., Ltd (“Cloudbae”), a big data company in Nanning, to promote this event to the target market of business owners in Malaysia who can benefit from these new free trade opportunities for their business expansion to China.  

ASEAN has become the largest trade partner of China and Guangxi region ranks at the top among 12 regions, in the RMB-denominated cross-border settlement. The region also faces south to the ASEAN region, making it a strategic gateway and commercial hub, an important role in China’s opening to the ASEAN region. In line with its “Belt and Road Initiative (BRI), the Online Overseas Session aims to strengthen the cooperation between Guangxi and ASEAN.

The new opportunities announced under the Preferential Policies include corporate income tax as low as 9%, a grant or subsidy ranging from RMB10 million to RMB40 million, rental and office purchase subsidy, high-level talents house purchase subsidy between RMB200,000 to RMB2 million, waiver of administration fees and charges in the authority of Nanning government and other subsidies for foreign businesses or entrepreneurs.

The exclusive online event, jointly hosted by Nanning Area Management Committee of China (Guangxi) Pilot Free Trade Zone, Nanning Financial Affair Office, and Nanning Financial Investment Group Co., Ltd and organized by Nanning Financial City Investment and Operation Co., Ltd., also seeks to attract more established organizations in key industries to the Nanning Area of China (Guangxi) Pilot Free Trade Zones (FTZs) for Investment Promotion and synergy with the key industries development in ASEAN. Through Nanning FTZs, organisations in the key industries such as modern financial, digital economy, smart logistic, emerging manufacture and cultural, sports and healthcare can leverage strong local partners cooperation in Nanning as their platform to expand or launch their business to the Chinese market.

Over 40 representatives from various institutions in ASEAN countries attended the event. They were members of the Thai-Guangxi Commercial Association, Chulalongkorn University in Thailand, the Singapore University of Social Sciences and the Vietnam Association for Commercial Production and Business Support in Applied Science. 

For more information on the new opportunities under the Preferential Policies, please head on to http://www.wuxiangxinqu.gov.cn/. To find out more about NeuXP please visit https://www.neuxp.com/

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About NeuXP

NeuXP is an integrated digital banking platform that offers comprehensive services with a flexible, accessible and simple user experience. As the next norm of digital banking, NeuXP is rapidly moving into the digital finance space with its network advantage and leading-edge technology. Its fully digitalized banking platform is designed to address the concerns of non-residents, extending beyond what’s normally made available by other providers in Europe, USA and Asia. Besides its core banking products, NeuXP provides a complete banking ecosystem that complements the lifestyle needs of its users. To find out more, visit www.neuxp.com.

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About Cloudbae

• Cloudbae is a big data industry company established with a "light asset, platform, mixed ownership" approach. Shareholder companies such as Digital Guangxi Group Co., Ltd., Nanning Rail Transit Group, and Alibaba Cloud's DT Dreams joined hands to commit to the construction and operation of a smart Nanning city, to promote the interconnection and sharing of information among cities in Guangxi, and to strengthen cooperation with cities in ASEAN countries to build the Digital Silk Road together. 

• The new smart city is an important part of the construction of the China-ASEAN Information Harbor and an important platform for China and ASEAN countries to jointly build the "Digital Silk Road". CloudBae Big Data Industry Development Co., Ltd. (hereinafter referred to as "Cloud Baby") was established on March 28, 2017.