23 April 2024
On 23 April 2024, the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality and the People’s Government of Nanshan District of Shenzhen Municipality issued the “Measures on Supporting the High-Quality Development of Shipping Industry and Ship Leasing” (“the Measures”). The Measures proposed to provide support to financial leasing companies (including financial leasing and financing leasing subsidiaries and project companies) engaged in ship financing leasing operations (not including operating lease financing) within the Qianhai Cooperation Zone. The subsidy support will be offered based on 1% of the actual transaction lease or the purchase contract amount for relevant lease asset during the year. The subsiday for each project will be capped at RMB10 million. The Measures will be implemented from 6 May 2024 and will be valid for 3 years.