14 August 2024
On 14 August 2024, the Guangzhou Municipal Commerce Bureau issued the “Application Guidelines for the Steady Increase of Municipal-Level Foreign Trade Stabilization Funds for Processing Trade Applications in 2025” (“the Guidelines”). The Guidelines support processing trade enterprises in increasing their investments in digital transformation across research and development, manufacturing, marketing, and services. Based on the evaluation scores given by experts regarding the enterprises’ digital transformation efforts, a support of not exceeding 50% for digital transformation expenditures will be provided. The Guidelines are effective from 14 August 2024.