Nansha Optimises Subsidy Policy for Technology and Finance Industries

The General Office of the Guangzhou Nansha Development Zone Management Committee and theGeneral Office of the Guangzhou Nansha District People’s Government jointly issued a circular (Sui Nan Kai Guan Ban Gui No. 1 [2020]) on the optimisation and upgrading of the “1+1+10” industrial policy framework launched in 2017. In addition to the seven key industries of headquarters economy, science and technology, finance, advanced manufacturing and construction, shipping and logistics, commerce, and modern services, as well as the three generic sectors of human resources, land use and project referral, the new regime covers support policies for seven special areas. These are: artificial intelligence, comprehensive foreign trade services, tourism, cruise liners, seed and breeding towns, domestic services, and Hong Kong and Macao youth innovation and entrepreneurship. The objective is to further optimise Nansha’s environment for industrial development. The measures announced in this circular are effective from 1 January 2020 to 31 December 2021.

Source: Nansha District People’s Government, Guangzhou