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Guangzhou introduces new policies to attract foreign investment

Updated : 2024-11-25

The Guangzhou municipal government recently approved a set of support policies for attracting and utilizing foreign investment, formulated by the Guangzhou municipal commerce bureau.

The new round of policies cover a wide range of sectors and provides special support to foreign-invested enterprises registered in Guangzhou with new investments reaching certain amounts. All non-restricted foreign investment sectors except for real estate and finance are included in the award scheme.

The policy offers particularly strong support for the manufacturing sector. For enterprises with annual new actual foreign investment of $50 million or more, awards will be given at a rate of 1 to 3 percent of the actual foreign investment amount. The maximum annual award for manufacturing enterprises is 50 million yuan ($6.9 million), with a cumulative maximum award of 150 million yuan.

The policy also encourages the establishment of foreign headquarters. A one-time award of 5 million yuan will be given to each foreign multinational company setting up regional headquarters in Guangzhou with an annual new actual foreign investment of $10 million or more.

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Huangpu Port. [Photo/WeChat account: guangzhougaoxinqu]

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