22 June 2024
On 22 June 2024, the Authority of Qianhai of Shenzhen Municipality issued the “Administrative Measures for the Special Fund to Support the High-Quality Development of the Financial Industry in the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone” (“the Measures”). The Measures provide high-quality development rewards for financial holding companies approved by the national financial regulatory authorities, based on the number of financial institutions they newly control and operate in the Qianhai Cooperation Zone. For each additional venture capital, private equity, or private securities investment fund management company, fintech company, qualified foreign limited partner (QFLP) pilot fund management company, or qualified domestic investor overseas investment (QDIE) entity management company, a reward of RMB500,000 will be granted. The Measures will be implemented from 1 October 2024 and will be valid for 3 years.