On March 28, 2013, The Shenzhen Municipal Government instigated the “Measures on Special Funds Management for the Pilot Development of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone”. This motion stated that that the Chinese Central Government and Shenzhen local government will jointly allocate special funds to support the development of four major industries and “other related industries or professional services” in Qianhai, namely:
- Finance
- Modern logistics
- Information services
- Technology Services industry
- Other related industries or professional services
The special funds project mentioned above shall be allocated to qualified projects in the form of equity investment, financial subsidies, financial rewards, and subsidized loans.
To Wit:
- Equity investment granted to a project shall not exceed RMB50 million
- Financial subsidies granted to a project shall not exceed RMB20 million
- Financial rewards granted to a project shall not exceed RMB10 million