16 October 2023
On 16 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 High-quality Development of Financial Industry in the Guangzhou Nansha New District (Free Trade Zone)” (“the Measures”). The Measures proposed to support cross-border financial business and offer a reward of up to RMB 2 million to each Qualified Foreign Limited Partnership (“QFLP”) based on business nature, business scale and other conditions. The Measures will be implemented from 16 October 2023 and remain valid for 5 years.