Notice of Issuing the “Administrative Measures for Special Funds of Pilot City Construction of Modern Business and Trade Circulation System in Shenzhen Municipality” (Shen Shang Wu Gui [2024] No.3)
06 December 2024
On 6 December 2024, the Commerce Bureau of the Shenzhen Municipality (“the authorities”) issued the “Notice of Issuing the “Administrative Measures for Special Funds of Pilot City Construction of Modern Business and Trade Circulation System in Shenzhen Municipality”” (“the Measures”). The Measures announced to support the innovative business model in business and trade circulation enterprises, the construction of digital supply chain service platforms, and the upgrade and remodel of relevant facilities and equipment. The authorities also announced that the maximum subsidy amount for a single project shall not exceed RMB 15 million, and maximum amount of combined project subsidy for a single enterprise shall not exceed RMB 30 million. These Measures shall be valid for 3 years.