24 January 2024
The Zhaoqing High Technology Industry Development Zone Administration Committee (“the authorities”) issued the “Notice in relation to “Implementation Opinions on Further Accelerating the Gathering of Innovative and Entrepreneurial Talents to Lead the Industry in High-quality Development in the New Era”” (“the Implementation Opinions”) on 24 January 2024. The authorities announced to accelerate the construction of Hong Kong and Macao young talent innovation and entrepreneurship base. A subsidy of RMB200,000 shall be provided to technological enterprises established by Hong Kong and Macao young talents, if the fixed asset investment is RMB5 million and above, or annual production of RMB10 million and above, or annual taxable income of RMB1 million and above. These Opinions shall be effective from 1 February 2024 and valid for 3 years.