01 November 2023
On 1 November 2023, the Office of the People's Government of the Zengcheng District of Guangzhou Municipality issued the “Implementation Measures for Promoting the Development of High-end Professional Service Industries in the Zengcheng District (Revised)” (“the Measures”). The Measures proposed to accelerate the introduction of domestic and international quality enterprises. High-end professional service enterprises with revenue more than RMB500 million in the current year will be rewarded up to 2.5% of the revenue. The maximum of the reward provided is RMB100 million. The Measures will be implemented from 1 November 2023 and remain valid for 3 years.