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]
-
Which HK district is most defensive in home rental? Ben Kwok
Yes, the border is open. Yet, the business is not back. That has been reflected in the residential rental market in Hong Kong, where 90 per cent was below the pre-pandemic level, according to
-
Talent development takes years, so we should start now Dr. Winnie Tang
Recently, the fever of artificial intelligence-powered chatbot ChatGPT has swept around the world. Within just two months after its launch in last November, it reached 100 million users. But if you
-
Hong Kong needs a new approach to talent Daniel Cham
Hong Kong has arrived at a critical juncture for its talent market and its economic future. Due to several factors that include the pandemic, emigration, and an ageing population, Hong Kong has a
-
Hong Kong Ballet premieres Coco Chanel Kevin Ng
Hong Kong’s cultural scene is bouncing back. Just after the Hong Kong Arts Festival, Art Basel has returned after three years. And nearby at the Academy for Performing Arts, Hong Kong Ballet
-
How to position our AI supercomputer centre? Dr. Winnie Tang
Professor Sun Dong, Secretary for Innovation and Technology and Industry, said that the investment in the proposed AI supercomputer center would be “huge”, and "if you make reference to supercomputer
-
Hong Kong needs a new approach to talent
-
How can we better serve travel-deprived consumers in digital age
-
Talent development takes years, so we should start now
-
Long-term benefits of ESG investment
-
Which HK district is most defensive in home rental?
-
Who should be bailed out next?
-
Getting geopolitics right
-
Hong Kong start-up wins first Deignan Award
-
Time for a break, but what comes after is unclear
-
On leadership