Page 444 - 2018 White Paper on the Business Environment in China

8 White Paper on the Business Environment in China

· Under the CEPA framework, conducting studies on
the granting of RMB loans by Hong Kong-based banking
institutions for enterprises and projects established in
Qianhai;

· Supporting qualified enterprises and financial
institutions registered in Qianhai to issue RMB bonds
in Hong Kong within the quotas approved by the State
Council to support the development of Qianhai;

· Supporting the innovative development of foreign-
invested equity investment funds, and actively exploring
new modes of foreign exchange settlements of capital
funds, investments and fund management; and,

· Supporting the establishment of international
or national management headquarters or business
operation headquarters by Hong Kong and other
onshore and offshore financial institutions.

Qualifying enterprises will be entitled to a reduced
corporate income tax rate of 15 percent, and to increase
investor confidence in the area, the government has
stated plans to explore the establishment of branches of
Hong Kong arbitration institutions in Qianhai. To attract
foreign talent, especially financial sector employees from
Hong Kong, the zone offers a special 15 percent salary
tax rate for foreign nationals living or working in Qianhai.
In April 2013 the municipal government announced
four industries–finance, modern logistics, information
services, and related industries operating within the
zone–that are eligible for special funding.

Identified as “an area for spearheading industrial
restructuring in the PRD region,” the Qianhai Zone
was extended as the Guangdong FTZ in April, 2015, as
mentioned in the previous part.

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