Notice of Issuing the “Operational Guidelines of the Shenzhen Standardized Area for Special Funding and Incentives by the Shenzhen Municipal Administration for Market Supervision”
04 December 2024
On 4 December 2024, the Authority of Qianhai of the Shenzhen Municipality (“the authorities”) issued the “Notice of Issuing the “Operational Guidelines of the Shenzhen Standardized Area for Special Funding and Incentives by the Shenzhen Municipal Administration for Market Supervision”” (“the Guidelines”). The Guidelines announced that enterprises recognized as Standard Innovative Enterprises (senior) and Standard Innovative Enterprises (intermediate) shall be provided with one-off funding not exceeding RMB 300,000 and RMB 150,000, respectively. The funding limit shall not exceed RMB 4 million per year. The Guidelines shall be valid for 5 years.