GHIDZ has high hopes for headquarters economy

Eighty-seven enterprises that launched their headquarters in the Guangzhou Hi-tech Industrial Development Zone recently received an incentive fund totaling 109 million yuan ($15.23 million), accounting for 20.88 percent of the city's total contribution.

The amount was also a record high, according to the Guangzhou Municipal Development and Reform Commission.

The commission has been encouraging the companies in the GHIDZ to be approved as municipal headquarter enterprises and apply for preferential policy support, aiming to help them grow bigger and stronger and develop into a cluster of modern companies.

A panorama of the Sino- Singapore (Guangzhou) Knowledge City, the knowledge creation demonstration zone in the Guangdong-Hong Kong-Macao Greater Bay Area [Photo provided to chinadaily.com.cn]

The 109-million-yuan incentive funds, which covered rewards for headquarters enterprises as well as rental and employment subsidies, ranked second among all the districts in Guangzhou.

Design sketch of a new headquarter of Cedar Holdings. [Photo provided to chinadaily.com.cn]

Cedar Holdings, the only private enterprise from Guangzhou to make the Fortune Global 500 list, has selected a headquarters site in Guangzhou Science City. The construction will be completed soon.

Priorities have been given to incentives for talents and office rentals. About 56.84 million yuan and 8.91 million yuan were granted respectively to 737 company executives and 821 professionals.

Thirty-one enterprises shared an office rental subsidy of 43.29 million yuan.

The Headquarter Economic Zone in Guangzhou Science City [Photo provided to chinadaily.com.cn]

Industrial cluster in Guangzhou Science City [Photo provided to chinadaily.com.cn]

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