26 October 2024
The Authority of Qianhai of the Shenzhen Municipality (“the authorities”) issued the “Notice in relation to “Administrative Measures for the Industrial Development Fund in the Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” (“the Notice”) on 26 October 2024. The authorities proposed to establish a special fund for talent development to support the introduction, training, utilization, service as well as innovative development of talents. The industrial fund will be supported by diversified means such as financial grants, subsidies, discounted loan interest and equity investment funds. The Notice will remain effective until 25 October 2027.