14 October 2024
On 14 October 2024, the General Affairs Office of the People’s Government of Guangdong Province (“the authorities”) issued the “Notice of Issuing the “Action Plan for Promoting High-quality Development of Commercial Space Industry in Guangdong Province (2024-2028)”” (“the Notice”). The Notice announced to cultivate commercial space industrial single-item champion enterprises and specialized and new enterprises, and to implement policies such as research and development expenses, and preferential corporate income tax treatment for high and new technology enterprises.