The annual China (Guangzhou) International Financial Exchanges Expo was held over the weekend, with more than 100,000 visitors attending. No fewer than 48 projects were sealed at the fair, with contracts signed worth nearly RMB 350 billion. These included seven major projects related to infrastructure buildout in the Greater Bay Area.
While the headline figure may sound large, these projects are all related to plans that have been in the pipeline for some time. They are part of the province’s ongoing public spending program. Still, the fair was noteworthy for the fact that fintech projects were exhibiting for the first time.