13 October 2023
On 13 October 2023, the Office of the Guangzhou Nansha District Administrative Committee and the Office of the People's Government of Guangzhou Nansha District issued the “Support Measures for Promoting the High-quality Development of Intellectual Property Rights in the Guangzhou Nansha New District (Free Trade Zone)” (“the Measures”). The Measures encourage Hong Kong or Macao invested intellectual property service institutions to develop in Nansha District (with the capital contribution made by Hong Kong and Macao enterprises or their shareholders not less than 50%) and will provide a subsidy at 50% of the actual rental expense to intellectual property service institutions if they rent self-use office in Nansha District. The subsidy shall not exceed RMB50 per square metre per month and the annual subsidy will be up to RMB1 million with subsidy period not exceeding 3 years. The Measures will be implemented from 13 October 2023 and remain valid for 5 years.