Date
26 September 2017

Qianhai preferential industry list to be out soon, paper says

The State Council has reviewed a catalogue of preferential industries for the Shenzhen’s Qianhai new area and will release the list soon, along with innovative polices for foreign equity investment funds, China Securities Journal reported Tuesday, citing Zhang Bei, chief of the Qianhai Administration Bureau. At the zone’s advisory committee meeting on Monday, the official was quoted as saying that a 15 percent corporate income tax rate will apply to the firms included in the list. Promoting innovation will be the focus of the zone this year, Zhang said, adding that more than a third of the zone’s developable land is set to be transferred to Hong Kong firms.

– Contact HKEJ at [email protected]

TL/AC/RC

 

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