09 October 2024
On 9 October 2024, the Office of People’s Government of Zhongshan Municipality (“the authorities”) issued the “Notice of Issuing “Several Policy Measures for Supporting High-quality Development of Biomedical and Health Industry in Zhongshan Municipality”” (“the Notice”). The Notice proposed to support biomedical enterprises to establish joint laboratories with universities and research institutions in Hong Kong and Macao, attracting youth from Hong Kong, Macao and Taiwan to conduct innovation and entrepreneurship in Zhongshan Municipality. The authorities shall provide subsidy up to RMB 1 million for the construction of the innovation and entrepreneurship demonstration bases of youth from Hong Kong, Macao and Taiwan, approved by the Province. These measures shall be effective from 9 October 2024 and valid for 3 years.