917年（五代時期），劉龑建立南漢國，定都興王府（廣州），並廢南海縣改設鹹寧、常康二縣。呢個係廣州自秦以來第二次獨立。呢陣時廣州啲財政仲係依賴著對外貿易。
In 917 (the period of the Five Dynasties), Liu Yun established the Southern Han Dynasty, set the capital Xingwangfu (Guangzhou), and abolished Nanhai County and changed it to Xianning and Changkang counties. This is the second time that Guangzhou has become independent since the Qin Dynasty. At present, some of Guangzhou's finances are still dependent on foreign trade.