11 March 2024
On 11 March 2024, the Authority of Qianhai of Shenzhen Municipality issued the “Measures on Promoting the High-quality Development of Bulk Commodity Trade in the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” (“the Measures”). The Measures proposed to provide awards to Hong Kong-invested bulk commodity spot trading centre that have obtained approval for trading certain commodity trading varieties in the Qianhai Cooperation Zone. The award will be calculated as 0.03% of the prior year’s transaction volume and will not exceed RMB 15 million. Specific provisions shall be implemented in accordance with the “Administrative Measures on Special Funds for Supporting High-quality Development of the Financial Industry in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone”. The Measures will be implemented from 25 March 2024 and will be valid for 3 years.