Nansha in the GBA ups incentives to lure foreign investors
As the business environment in China is perceived to be worsening amid the strict zero-Covid policy and deteriorating relations with the West, Nansha in the Greater Bay Area is rolling out incentives to lure foreign investors.
The Nansha Development Zone of Guangzhou has launched a series of capital incentives and subsidies for foreign, Hong Kong as well as Taiwan enterprises.
These include capital investment incentives, capital increase incentives and production-facility rental subsidies.
For example, new capital investment will be awarded incentives between 1-1.5 percent of the amount of capital. Existing companies can also receive similar incentives for additional capital invested. Companies setting up regional headquarters in Nanshan will get financial incentives too.
To relieve the cost pressure, there will also be rental subsidies for production and warehouse facilities. Support will also be extended to companies seeking to build, expand ore relocate their factories.
However, specific criteria have to be met and incentives do not apply to all types of businesses, the property sector is excluded for example. There are also caps on specific types of incentives. Details and be found on the Guangzhou municipal government’s website.
-- Contact us at [email protected]
-
How should leaders govern the people? Michael Chugani
A senior Mainland official once advised Donald Tsang Yam-kuen when he was the chief executive to think like the people do. It was good advice. Leaders who want to effectively serve the people need to
-
Hong Kong Tourism Board Unveils ‘Only in Hong Kong’
The Hong Kong Tourism Board (HKTB) launched ‘Only in Hong Kong’, a new global campaign that redefines how the city is experienced and differentiating Hong Kong as Asia’s World City. Moving beyond a
-
Zhang Daqian, China's Best Painter for 500 Years Mark O'Neill
At Sotheby’s art auction in Hong Kong in April this year, it put on sale three works by Zhang Daqian ( 張大千). One of them, Sunshine after Rain (雨後斜陽), sold for HK$15.36 million. It was evidence that,
-
Government celebrates success of Kai Tak Sports Park Mark O'Neill
The Hong Kong government is celebrating the success of the Kai Tak Sports Park which opened in March last year – nearly 600,000 people have attended major sports events there. In a written reply in
-
Government rewrites history of Hong Kong Mark O'Neill
The government has rewritten the history of Hong Kong, saying that it was never a colony because British rule was illegal and was never democratic and downplaying the events of 1989. “The Hong Kong
