BEIJING, April 4 (Xinhua) -- Guangzhou has created Cedar Holdings, one of the Fortune Global 500, and will become home to more Fortune Global 500 companies in the future, Zhang Jin, Chairman of the Board of Directors of Cedar Holdings said on Wednesday at the 2019 Guangzhou Annual Investment Conference, China in Guangzhou.
Zhang said that when delivering a speech on boosting the high-quality development of modern supply chain industry by leveraging opportunities brought by Guangdong-Hong Kong-Macao Greater Bay Area construction.
To develop modern supply chain industry, the best place would be the Greater Bay Area, particularly Guangzhou where there are unique resources and tremendous opportunities, said Zhang.
With sophisticated logistics and transportation systems as well as great potential for economic development and consumption, the Greater Bay Area has accommodated 80 percent of China's supply chain enterprises and more than 300 industrial clusters, according to Zhang.
Specially, Guagnzhou is the most attractive city with the greatest strength in the Greater Bay Area, boasting resources such as education, science, culture, health, and offerings for daily necessity, stated Zhang, adding that the city has strengthened its urban planning as an international commercial and transportation hub.
Meanwhile, modern supply chain industry that can improve resource allocation, speed up industrial integration and enhance efficiency is expected to help the Greater Bay Area, which is undergoing accelerated industrial transformation and upgrading, to gain an upper hand in global competition, according to Zhang.
Aiming to become a Guangzhou-based conglomerate with international presence and a flagship of "Made in China", Cedar has been actively engaged in building global supply chain with branches in more than 10 major commodity countries and regions such as Switzerland, Singapore, the United Kingdom, and Australia, said Zhang.
Cedar had developed an industrial chain covering all the commodity categories such as non-ferrous metals, ferrous metals, chemicals, and energy. It is able to provide all-round services to clients, and help them reduce costs and increase efficiency by providing supply chain financial services, according to Fan Jiayu, Chairman of Cedar Holdings.