Huangpu releases supportive measures for fintech

Guangzhou's Huangpu district released 10 measures to promote the high-quality development of financial technology (fintech) at a press conference on July 14. 

A maximum subsidy of 20 million yuan ($3 million) will be granted to high-quality fintech enterprises that settle in Huangpu.

In terms of carrier construction, the district will offer a maximum subsidy of 1 million yuan to operators of characteristic fintech industrial parks.

Huangpu releases 10 measures to promote high-quality development of fintech at a press conference on July 14. 

Huangpu will provide full-life cycle support to fintech enterprises based on their demands at different developmental stages. For example, a subsidy of up to 1 million yuan will be granted to support their R&D achievement transformation and industrialization, and a one-time subsidy of up to 3 million yuan will be given to supply-chain financial service platforms with sound operations.

Fintech enterprises that take an active part in national, provincial or municipal pilot innovative supervision will receive a maximum subsidy of 3 million yuan. Senior managers and backbone talents are eligible for an annual subsidy of 500,000 yuan. Fintech summits and forums that take place in Huangpu will be granted up to 1 million yuan.

An investment fund will also be established in the district to help address fintech enterprises' financing difficulties.

The 10 measures are so far the most generous district-level supportive policies for fintech enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area.

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