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Guangdong Bank of China: It’s the right time to head to the sea, financial power helps to open up the fishing industry

2024-08-22

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Thousands of boats are competing for the "fresh"! The three-and-a-half-month 2024 South China Sea fishing moratorium ended on August 16, and nearly 22,000 fishing boats in Guangdong Province went out to sea from fishing ports. As a major maritime province, data released by the Guangdong Provincial Department of Natural Resources showed that Guangdong's marine GDP in 2023 was 1,877.81 billion yuan, accounting for 18.9% of the national marine GDP, and its total economic output ranked first in the country for 29 consecutive years.

The Central Financial Work Conference pointed out that finance should provide high-quality services for economic and social development. Bank of China Guangdong Branch (hereinafter referred to as "Guangdong Bank of China") continues to improve the quality and efficiency of financial services, focusing on various agricultural business entities and individual small and micro businesses, launching exclusive inclusive financial credit services and products, and fully injecting new impetus into the development of Guangdong's marine economy and industry.

Fisheries development transformation and upgrading, marine ranches flourish

The ocean is a strategic location for high-quality development. In recent years, Maoming City, Guangdong Province has insisted on developing and strengthening from the sea. In 2023, the output value of fisheries was 11.334 billion yuan, a year-on-year increase of 3.4%. It is building a modern marine ranch industry chain from fishing, breeding to deep processing. The Guangdong Provincial Government Work Report clearly requires "vigorously developing marine ranches and deep-sea aquaculture", focusing on cultivating a trillion-level modern marine ranch industry cluster, and creating a new growth pole for the "high-quality development project of hundreds of counties, thousands of towns and tens of thousands of villages".