Latest news with #Nansha
South China Morning Post
18-06-2025
- Business
- South China Morning Post
MingMed seeks Hong Kong listing to fund research and launch Botox alternative
MingMed Biotechnology is seeking a Hong Kong listing this year to raise funds to research and market a genetically engineered alternative to Botox in China. The drug developer, based in the Nansha district of Guangzhou, said it would set up an incubation centre in the Hong Kong Science and Technology Park in the third quarter. 'Hong Kong has many good universities and research institutes, but it [does not have] a lot of innovative biotech firms,' said MingMed CEO Zhang Yan in an interview on Friday. 'We aim to [turn] early-stage research discoveries at the city's universities into commercial products.' He said Hong Kong was a good platform for fundraising , early-stage drug research and global commercialisation, while Nansha was an ideal location for research and manufacturing. MingMed has raised 1.75 billion yuan (US$243.7 million) from multiple private fundraisings, Zhang said, adding that its largest institutional investor was Beijing-based Gaorong Ventures. The company filed a Hong Kong listing application in 2022, but let it lapse due to unfavourable global market conditions for biotech stocks, he said. Last year, MingMed completed a late-stage, phase-three clinical trial on a genetically manipulated alternative to Botox, which is used to reduce wrinkles. Botox is made from a naturally occurring botulinum toxin, a protein produced by a bacterium. Genetically engineered products could lower production costs and enhance product safety, Zhang said.
South China Morning Post
23-05-2025
- Business
- South China Morning Post
Nansha gives Greater Bay Area tech innovation boost
China's drive for innovation is going full steam ahead. After Qianhai and Hengqin, Nansha has been named as the third innovation hub in the Greater Bay Area development zone. Hong Kong will play a central role as the trio of tech and finance hubs are expected to form closer ties with the only city in China that is not subject to capital controls. A slew of new measures has been announced to develop Nansha into a pilot zone for high finance and fintech. Along with Qianhai and Hengqin, the plan is for Nansha to become a hub for technological innovation and a node linking the bay area and global financial markets. It has been vetted and approved by the People's Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission, making it a state policy priority. Be that as it may, it will take time to develop a successful financial and tech hub. It's better to take the time to iron out the kinks than to rush things.
The Standard
15-05-2025
- Business
- The Standard
Clouded future for city's shipping industry amid tariffs, competition
Hong Kong's ports are losing ground to nearby Shenzhen and Nansha due to distance and cost, says Stephen Ng. SING TAO
South China Morning Post
12-05-2025
- Business
- South China Morning Post
China spurs Nansha as Greater Bay Area's third hub for innovations, finance, connectivity
China unveiled new measures to develop Nansha in the southern Guangdong province into a pilot zone for financial opening, making it the third financial hub in the Greater Bay Area after Qianhai and Hengqin, to deepen market ties with Hong Kong. Nansha will become a hub for technological innovation and a node linking the Bay area and global financial markets, according to a statement on Monday by authorities including the People's Bank of China , the National Financial Regulatory Administration and the China Securities Regulatory Commission. The announcement contained measures to support tech industries and improve the convenience of cross-border payments. Regulators also pledged to further open the financial sector with new initiatives to facilitate cross-border investment and trade. 'The announced measures further facilitate cross-border financing, settlements, futures trading and equity investments,' David Liao, co-CEO of Asia and the Middle East at HSBC , said in a statement. This allows Nansha to support companies in exploring overseas markets and creates new opportunities for international banks, he added. Beijing unveiled its Greater Bay Area plan in 2019 to create an economic powerhouse by 2035. It refers to a scheme to link the cities of Hong Kong, Macau and nine cities in Guangdong – Guangzhou , Shenzhen, Zhuhai, Foshan , Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing – into an integrated economic and business hub.
South China Morning Post
12-05-2025
- Business
- South China Morning Post
China unveils plans for Nansha as third financial hub in Greater Bay Area
China unveiled new measures to develop Nansha in the southern Guangdong province into a pilot zone for financial opening, making it the third financial hub in the Greater Bay Area after Qianhai and Hengqin, to deepen market ties with Hong Kong. Advertisement Nansha will become a hub for technological innovation and a node linking the Bay area and global financial markets, according to a statement on Monday by authorities including the People's Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission. The announcement contained measures to support tech industries and improve the convenience of cross-border payments. Regulators also pledged to further open the financial sector with new initiatives to facilitate cross-border investment and trade. 'The announced measures further facilitate cross-border financing, settlements, futures trading and equity investments,' David Liao, co-CEO of Asia and the Middle East at HSBC Holdings, said in a statement. This allows Nansha to support companies in exploring overseas markets and creates new opportunities for international banks, he added. Beijing unveiled its Greater Bay Area plan in 2019 to create an economic powerhouse by 2035. It refers to a scheme to link the cities of Hong Kong, Macau and nine cities in Guangdong – Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing – into an integrated economic and business hub.
