28 July 2023
On 28 July 2023, the General Affairs Office of the Guangzhou Municipal People's Government issued the “Action Plan for Building a Benchmark City with First-class Business Environment and Facilitating High-quality Industrial Development in the Guangzhou Municipality” (“the Plan”). The Plan proposed to establish a pilot zone with international business environment in Nansha District, including benchmarking with international standards and rules in Hong Kong and Macao, building an industrial environment suitable for cross-border investment and trade, deepening the pilot program of qualified foreign limited partner (“QFLP”), and supporting qualified foreign limited partners participate in the development of green industries and scientific innovation enterprises among the Greater Bay Area under the risk prevention and control mechanism.