29 Nov 2012
Zhuhai Hengqin Development Series - 2
Preferential policies for investing in Hengqin
|Underground pipe networks.|
The Measures and Opinions are concrete steps towards introducing innovative financial policies in the Hengqin New Area, and include the following.
1. Introducing a new service model
A dedicated service body will be set up to provide one-stop value-added services to investment fund enterprises, including consulting, assessment, company establishment, project matching and office support.
2. Easing the registration threshold
The registered capital (subscribed contribution) of equity investment fund enterprises should not be less than Rmb50 million, with the amount to be paid up in the first phase not less than Rmb10 million. The amount of registered capital for equity investment fund management enterprises to be paid up in the first phase should not be less than Rmb1 million.
Investment fund service companies should work together with local financial authorities in the latter’s monitoring work. Equity investment fund enterprises with a capital of over Rmb500 million or an equivalent amount of foreign currency should file a record with the National Development and Reform Commission.
4. Implementing preferential fiscal and tax policies
Making reference to measures to encourage the development of the equity fund sector in 10 localities, the government has formulated the relevant preferential fiscal and tax support policies. Efforts will continue to build Hengqin into an offshore renminbi business centre and innovate equity investment reforms.
5. Progress made in registration of equity funds
Since the launch of the Measures, dozens of equity investment fund enterprises have arrived in Hengqin to conduct research and discuss business opportunities. As of early June, over 40 funds have been registered in Hengqin.
from HKTDC Shenzhen Office