Special Funds to Promote SME Development in Guangzhou Development Zone and Huangpu

Guangzhou’s authorities recently announced guidance for the administration of special funds intended to support small and medium-sized enterprises (SMEs) in the city’s Huangpu district and the Guangzhou Development Zone. The new rules aim to boost the development of financing within the region and promote the high-quality development of SMEs. Incentives and subsidies are offered to support the development of industrial parks, financing platforms, premium SMEs and other related activities. Maximum allocations from these special funds are expected to be no more than RMB50 million, and awards will be made to enterprises or institutions which can demonstrate a sound financial basis, independent legal entity status and independent accounting.

Source: Guangzhou Municipal People`s Government