In order to further promote the construction of key overseas economic and trade cooperation zones of Guangdong Province and to strengthen government and financial support, China Export & Credit Insurance Corporation Guangdong Branch co-hosted 2018 Guangdong Overseas Cooperation Park Matchmaking Exchange Conference with Guangdong Provincial Development and Reform Commission and Department of Commerce of Guangdong Province in Guangzhou on November 27th. Prof. Liu Jisen, Executive President of IAS, GDUFS, Liu Sheng, Deputy Director of Research Center for International Economic and Trade, GDUFS, and Huo Jiangtao,Vice Chairman and Secretary of Africa Guangdong Business Association and dean assistant of IAS, GDUFS, were invited to attend the conference.

Representatives of IAS attended the conference

Enterprises in key overseas economic and trade cooperation zones of Guangdong Province were invited to share experience and participate in the discussion on further development of the economic and trade cooperation zones. The conference provided a platform where information could be exchanged. Over ten financial institutions including banks, rentals, funds, etc. were invited to attend the conference to discuss issues on financial support. Besides, China Export & Credit Insurance Corporation Guangdong Branch issued the first investment analytical report on key overseas economic and trade cooperation zones of Guangdong Province which covers the investment environment, political and economic situation, law system, analysis of textile industry, etc. of the zones.

Mr. Zhang Huarong shared experience.

Zhang Huarong, Honorary Dean of IAS, GDUFS, and Chairman of Huajian Group, shared experience in investment and development of overseas industrial parks.

It's of great significance to promote the construction of overseas economic and trade cooperation zones. First, it can help host countries to achieve industrialization and solve major problems such as shortage of foreign exchange income, unemployment, etc. Second, it's an important way for Chinese enterprises to further participate in international division of labor, avoid trade frictions and realize global industrial layout especially under the background of rising global trade protectionism and trade frictions between China and the United States. Third, it can help enterprises effectively avoid some risks in operation and policies.

Nowadays enterprises in key overseas economic and trade cooperation zones of Guangdong Province encountered numerous issues. First, the payback period of investment is long. Second, enterprises are faced with many risks in host countries such as political turmoil, tribal conflicts, demonstrations and strikes, exchange rate depreciation and so on. Third, means of investment promotion are limited and lack of credibility. Fourth, operation mode is single. To solve above problems, China Export & Credit Insurance Corporation Guangdong Branch actively established cooperation with enterprises in key overseas economic and trade cooperation zones of Guangdong Province and provided financial support for major programs in 2017, which made a difference.

Overseas economic and trade zones are of great importance to "Belt and Road" Initiative. The construction and development needs the guidance of government, exploitation of advantages of all types of enterprises, financial support from financial institutions as well as integration of industry, industrial chain and financing resources.