Xiangzhou surpassed 100,000 operating enterprises for the first time on March 6, signaling its continuous release of robust development momentum within the Guangdong–Hong Kong–Macao Greater Bay Area construction wave.

The rapid growth in enterprise numbers reflects Xiangzhou's appeal as a hub for innovation and entrepreneurship, attracting an increasing number of entrepreneurs to start their businesses here.

Focusing on market access barriers, Xiangzhou has reduced the enterprise registration process to within 0.5 working days, with an online registration rate of 99 percent. The district has achieved a paperless online registration process by leveraging smart technologies like electronic signatures and document automation, reducing paperwork by approximately 40 percent.

Xiangzhou guides private associations to act as effective bridges, actively mobilizing talent, expanding markets, innovating technologies, and enhancing efficiency to bolster the growth and competitiveness of the private sector.

Supporting individual businesses in transitioning from enterprises and branch offices into subsidiaries, Xiangzhou facilitates optimizing and upgrading business structures, injecting new vitality into high-quality economic development.

Xiangzhou has consistently prioritized boosting business confidence and optimizing the business environment as crucial drivers of high-quality economic development. A series of pragmatic measures has bolstered business confidence, continuously enhanced the business environment, and created a more relaxed and convenient development environment for enterprises.

Xiangzhou consistently prioritizes boosting business confidence and optimizing the business environment. [Photo/WeChat account: zhxiangzhou]