Recently, the China-ASEAN Financial Town, located in Wuxiang New District of Nanning, is a hive of activity. The financial town is speeding up the construction of an insurance innovation industrial park, accelerating the accumulation of high-quality insurance resources, gradually forming a cluster of 28 insurance institutions including China Life Insurance, Taiping Insurance, etc., and making continuous progress in the innovation of insurance business.
Over the past more than two years, Nanning has been fully implementing the “123456” financial project to accelerate the construction of Nanning Core Area as ASEAN oriented financial opening gateway. By the end of June this year, the China-ASEAN Financial Town has over 8,000 various enterprises settled, and a total of 229 financial institutions (enterprises) settled, among which 67 new financial enterprises have been added since this year. The financial innovation index of Nanning Area of China (Guangxi) Pilot Free Trade Zone ranks second among the 19 areas in the same batch. A number of major landmark projects, such as the Bank of China (Hong Kong) Asian Business Operation Center and China Taiping ASEAN Insurance Service Center and so on, are launched.