To fully implement the spirit of the 20th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Committee, thoroughly implement the spirit of General Secretary Xi Jinping’s series of important speeches and instructions regarding Guangdong, and in accordance with the Provincial Party Committee’s “1310” specific deployment, the following measures are formulated to further support the innovative development of market entities, accelerate the construction of a modern industrial system, and solidly promote high-quality development.
I. Prioritize the Cultivation and Development of Cutting-Edge Industries. Focusing on key sectors such as integrated circuits, artificial intelligence, robotics, autonomous driving, low-altitude economy, biomedicine, quantum technology, commercial space, new energy storage, new energy vehicles, the digital economy, and modern marine ranches, we will compile an industrial chain investment promotion map, establish a database of leading enterprises and top talent, and implement targeted investment promotion policies. For particularly significant industrial investment projects, we will formulate more precise support policies in accordance with laws and regulations, taking into account the specific characteristics of the industry.(The Provincial Development and Reform Commission, Department of Science and Technology, Department of Industry and Information Technology, Department of Agriculture and Rural Affairs, and Department of Commerce, as well as the people’s governments of prefecture-level and above cities, shall be responsible in accordance with their respective duties)
II. Reduce Financing Costs for Manufacturing and High-Tech Enterprises.For new annual bank loans obtained by manufacturing and high-tech enterprises—used for constructing factory buildings, purchasing equipment, technological upgrades, and R&D (excluding rollovers of existing debt or land purchases)—the provincial government will subsidize interest at a rate not exceeding 35% of the bank loan interest rate. The total annual subsidy scale shall not exceed 200 billion yuan. During the policy implementation period, a single loan contract may receive interest subsidies for up to one year, with a maximum annual subsidy of 20 million yuan per enterprise.Enterprises that qualify as both manufacturing and high-tech enterprises may apply for interest subsidies in only one of these sectors. If a single loan meets the eligibility criteria for multiple provincial interest subsidy policies, the enterprise may apply for only one of these policies. Leverage the role of government-backed financing guarantees in enhancing creditworthiness, sharing risks, and empowering businesses. Increase the registered capital of provincial-level financing guarantee institutions, implement配套 fee reduction incentives and compensation for defaults, expand the coverage of government-backed financing guarantees, and promote an annual scale of government-backed guaranteed financing exceeding 100 billion yuan in our province.Specific implementation rules for the aforementioned loan interest subsidy and financing guarantee policies will be formulated separately. Local municipalities are encouraged to formulate corresponding loan interest subsidy and financing guarantee policies based on their actual conditions. (The Provincial Party Committee’s Financial Affairs Office, the Provincial Development and Reform Commission, the Department of Science and Technology, the Department of Industry and Information Technology, the Department of Finance, the Guangdong Financial Regulatory Bureau, and the people’s governments of prefecture-level and above cities shall be responsible in accordance with their respective duties)
III. Strengthen the Industrial Fund System. The province will coordinate resources to establish industrial investment funds and venture capital funds with a total scale exceeding 1 trillion yuan, including provincial-level funds exceeding 100 billion yuan. By leveraging state-owned capital to attract social capital, we will form an effective investment system encompassing angel investment, venture capital, private equity, corporate M&A investment, and fund-of-funds (S-funds), focusing on investing early, in small-scale enterprises, in future-oriented sectors, and in hard technology.We will proactively engage with overseas sovereign wealth funds and internationally renowned investment institutions to facilitate more than 100 investment cooperation projects annually. We will implement the “Yue Tou Yue Yin” (Invest in Guangdong, Attract to Guangdong) project roadshow campaign to attract 1,000 high-growth projects each year. Municipalities may establish industry-specific funds tailored to their local conditions.(Responsibility lies with the Provincial Party Committee’s Financial Affairs Office, the Provincial Development and Reform Commission, the Department of Science and Technology, the Department of Industry and Information Technology, the Department of Finance, the Department of Commerce, the State-owned Assets Supervision and Administration Commission, the Guangdong Securities Regulatory Bureau, and the people’s governments of prefecture-level and above cities, in accordance with their respective duties)
IV. Vigorously Develop Application Scenarios. Build an innovation ecosystem centered on application scenarios, using scenarios as a driving force and applications as a guide. Regularly publish lists of application scenario opportunities in cutting-edge sectors and conduct investment promotion activities focused on these scenarios. Encourage government and other public service institutions to take the lead in adopting large-scale AI models. Establish city-level real-world testing grounds in fields such as autonomous driving and the low-altitude economy. Complete the construction of more than 20 regionally distinctive scenarios and more than 100 demonstration scenarios with replicable value and catalytic effects annually, accelerating the formation of large-scale commercial applications.(The Provincial Development and Reform Commission, Department of Science and Technology, Department of Industry and Information Technology, Department of Transportation, Department of Commerce, Bureau of Government Affairs and Data, and other relevant departments, as well as the people’s governments of prefecture-level and above cities, shall be responsible in accordance with their respective duties)
V. Enhancing Support for Regional Headquarters. Building upon existing provincial-level support policies for regional headquarters of foreign-invested multinational corporations, new tiered incentive schemes will be introduced. Regional headquarters designated as China headquarters, Asia-Pacific headquarters, or global division headquarters will be eligible for a one-time grant of up to 8 million yuan. Municipalities may formulate supporting policies for regional headquarters of multinational corporations in accordance with local conditions and relevant laws and regulations. (Responsibility lies with the Provincial Department of Commerce, Department of Finance, and people’s governments of prefecture-level and above cities)
VI. Supporting the Establishment of Foreign-Invested R&D Centers. Foreign-invested R&D centers recognized as eligible by the provincial-level commerce and science and technology authorities shall receive a one-time grant of up to 1 million yuan. Among these, those designated as global R&D centers of multinational corporations shall additionally receive a one-time reward of up to 5 million yuan. (Responsibility lies with the Provincial Department of Commerce, the Provincial Department of Science and Technology, and the people’s governments of cities at or above the prefectural level)
VII. Ensure Land Availability. Land requirements for major advanced manufacturing projects shall be fully guaranteed. Major industrial projects are permitted to draw in advance from the annual quota for new construction land. Eligible major projects may apply for advance land use.For manufacturing projects included in provincial-level key projects (excluding industrial real estate), the bid deposit for newly transferred land may be set at no less than 10% of the reserve price. For projects with higher reserve prices, the deposit may be paid in installments, and bank guarantees may be accepted in lieu of bid deposits. The use of long-term leases, lease-to-own arrangements, and flexible-term land supply methods for industrial land is encouraged.Provided that planning requirements are met and the land use designation remains unchanged, no additional land premiums will be charged for increases in land utilization rates or floor area ratios on previously granted industrial land. We will fully implement the “three-in-one issuance” of the Industrial Project Construction Land Planning Permit, the Construction Project Planning Permit, and the State-Owned Construction Land Use Right Certificate, and comprehensively promote the “land acquisition to commencement of construction” policy. (Responsibility: Provincial Department of Natural Resources, Development and Reform Commission, Department of Housing and Urban-Rural Development; municipal governments at or above the prefectural level)
VIII. Strengthen Environmental Protection Support. Enhance coordination between planning environmental impact assessments and project-specific environmental impact assessments. For eligible construction projects, implement environmental impact assessment reform measures in accordance with regulations to optimize and streamline the management of project environmental impact assessments.For key investment projects with an annual new investment total of 1 billion yuan or more that meet the criteria, cities are permitted to coordinate the use of pollutant emission quotas within their jurisdictions to prioritize support for such projects. When existing emission reduction quotas are insufficient, advance allocation of emission reduction quotas may be implemented; however, projects receiving such advance allocations must ensure compliance before the construction project begins operations. (Responsibility: Provincial Department of Ecology and Environment; People’s Governments of all prefecture-level and above cities)
IX. Vigorously Attract Innovation and Entrepreneurship Talent. Implement the “One Million Talents Converge in South Guangdong” Action Plan to attract more than 1 million college graduates and various types of talent annually to Guangdong for employment and entrepreneurship.Municipalities with the capacity to do so shall provide policy support, such as transportation subsidies and accommodation assistance, to recent college graduates seeking employment in Guangdong. For key talent in high-end, cutting-edge, and scarce fields as well as frontier sectors, support policies such as “one application for the entire family to settle” shall be implemented. (Responsibility lies with relevant provincial functional departments, including the Provincial Department of Education, Department of Science and Technology, Department of Industry and Information Technology, Department of Public Security, and Department of Human Resources and Social Security, as well as municipal governments at or above the prefectural level, in accordance with their respective duties)
X. Strengthen Services for Enterprises. Establish a mechanism for the initial consultation and reporting of major projects valued at 5 billion yuan or more to prevent “internal competition” in investment promotion from causing difficulties for enterprises. Implement a regular mechanism for provincial leaders to meet with enterprises, and have the principal officials of each city regularly convene government-enterprise roundtable meetings to coordinate and resolve specific issues, while ensuring that such efforts do not increase the burden on enterprises.The principal officials of each city, as well as the principal officials of provincial departments responsible for industrial development and investment promotion, shall lead delegations to conduct investment promotion activities outside the province annually. Establish a full-lifecycle service system that “manages investment promotion, projects, enterprises, and services,” and fully implement the enterprise (project) service specialist system. (Responsibility lies with relevant provincial functional departments, including the Provincial Development and Reform Commission, Department of Science and Technology, Department of Industry and Information Technology, and Department of Commerce, as well as the people’s governments of prefecture-level and above cities, in accordance with their respective duties)
XI. Protecting the Legitimate Rights and Interests of Enterprises and Entrepreneurs. We will respond promptly to the needs of enterprises in Guangdong, refrain from unnecessary interference, and provide timely assistance when needed. It is strictly prohibited to use administrative or judicial means to unlawfully intervene in economic disputes or infringe upon the rights and interests of business entities. It is also strictly prohibited to seize, impound, or freeze the property of business entities beyond the scope of authority, beyond the permitted scope, beyond the authorized amount, or beyond the prescribed time limit.If law enforcement agencies from other regions conduct business-related law enforcement activities in violation of regulations within the province, enterprises may report such incidents to the corresponding local law enforcement agency, which shall coordinate and address the matter in accordance with its responsibilities. (Responsibility lies with relevant provincial functional departments, including the Provincial Department of Justice, the Provincial Department of Public Security, and the Provincial Market Regulation Bureau, as well as the people’s governments of prefecture-level and above cities, in accordance with their respective duties)
XII. Strengthen Incentives for Investment Promotion. Establish a scientific and reasonable evaluation mechanism for investment promotion. Municipalities, counties (cities, districts) that demonstrate significant achievements in investment promotion and in attracting market entities shall be granted a one-time quarterly reward of 5 million yuan, to be used specifically for investment promotion, enterprise services, publicity, and promotion. (Responsibility lies with the Provincial Department of Commerce and the Provincial Department of Finance)
This policy shall be implemented from 2025 to 2027. Shenzhen Municipality shall formulate its own policies regarding loan interest subsidies, financing guarantees, foreign-funded R&D centers, and investment promotion incentives by reference to this policy.
