Page 142 - 2025 Special Report

• By 2035, Shenzhen’s economic output and sectors) that meet the same investment threshold
per capita GDP will double from 2020. will receive a maximum annual reward of RMB20
million per enterprise, with a cumulative maximum
20-point Plan to strengthen local tech reward of RMB80 million.
funding 41
• In addition, multinational companies’
In October 2023, the Shenzhen Financial regional headquarters accredited by Guangdong
Regulatory Administration and four other agencies Province and multinational corporate
issued the Implementation Opinions of Shenzhen City headquarters in Shenzhen will each receive a one-
on Financial Support for Technological Innovation. time reward of RMB5 million if their actual annual
The Plan seeks to establish an “innovative capital foreign investment increases by US$10 million or
center” and a “world-class exchange” within the more (excluding those in the financial and real
city. Moreover, it includes innovative financial estate industries).
initiatives, closer collaboration with Hong Kong
and increased support for key tech industries.
To initiate “equity + debt” financing trials through Summary
approved banks in the Hetao and Qianhai
cooperation zones, the Plan will strengthen Guangdong province, driven by construction of
partnerships between Shenzhen and Hong Kong, the GBA, has created a free trade zone with free
are specialized clusters for technology and finance. investment and trade, an innovative resource
Shenzhen’s medium and large banks, along with cluster and prominent radiation functions that
their Hong Kong-based investment arms, will encourage foreign investment, strengthen
actively participate in the trials, providing vital conditional rewards and subsidies for enterprises
financing services to local tech companies. This and promote scientific research, talent and trade
initiative reflects Shenzhen’s determination to cooperation with Hong Kong and Macau that
support its domestic tech sector in the face of focuses on supporting the development of science
United States sanctions targeting investments in and technology, finance and leisure tourism.
areas like semiconductors, quantum computing Guangdong is creating a globally competitive
and AI systems. business environment by giving play to the decisive
role of the market in resource allocation, reducing
Measures unveiled to attract foreign administrative intervention and strengthening
investment comprehensive market supervision to form a
stable, fair, transparent and predictable first-class
In May 2024, Shenzhen has announced a business environment.
comprehensive plan featuring 20 measures to
42
attract and utilize foreign investment, aiming to
boost the city’s global economic influence.

• From 2023 to 2027, manufacturing
enterprises that achieve an annual increase in
actual foreign investment totaling US$50 million or
more will be eligible for a maximum annual reward
of RMB50 million (US$7 million) per enterprise, with
a cumulative maximum reward of RMB150 million.

• Similarly, foreign-invested enterprises
(excluding those in the financial and real estate
41 The government of Shenzhen, http://www.sz.gov.
cn/cn/xxgk/zfxxgj/zcjd/content/post_10867868.html
42 Government site of Shenzhen, https://www.sz.gov.
cn/cn/xxgk/zfxxgj/zcjd/content/post_11302239.html

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