26 June 2024
On 26 June 2024, the Department of Industry and Information Technology of Guangdong Province issued the “Measures for Supporting High Quality Development of Specialised and New Small and Medium-sized Enterprises” (“the Measures”). The Measures support industrial chains, industries, emerging industries and future industrial areas to build new kinetic energy, develop new technologies and new products, and support each eligible enterprise for three consecutive years, with each enterprise receiving RMB6million of bonuses and subsidies. The Measures will be implemented from 26 June 2024.