GBA Express

31 China (Guangdong) Pilot Free Trade Zone —Nansha Area of Guangzhou • Nansha focuses on promoting Guangdong-Hong Kong in-depth cooperation and establishing a technology and innovation transfer platform between the two places. • Preferential policies and measures for Hong Kong people and enterprises include the implementation of cross-border Renminbi (RMB) lending in Nansha, provision of incentives based on the tax differentials between the Mainland, the HKSAR and the Macao SAR for Hong Kong and Macao talent that have an annual taxable income over RMB300, 000. • The Hong Kong University of Science and Technology (Guangzhou) located in Nansha will nurture talent and facilitate collaboration amongst Hong Kong, the GBA cities and beyond on education, research and commercialisation, as well as strengthen knowledge transfer to bridge Hong Kong’s gap in high-tech manufacturing. • Guangzhou opened its own STAR market (Science and Technology Innovation Board) on the Guangdong Equity Exchange in April 2020, specially for technological enterprises in Guangdong, Hong Kong and Macao that show unique capabilities and potential. About 300 companies are expected to IPO here every year. Companies listed on the board will get up to RMB900,000 of subsidies from various Guangzhou authorities. Listed companies will get a RMB3 million subsidy for convertible debt financing and a subsidy of up to 3% for equity pledge financing. • The Huangpu District and the Guangzhou Development District offer support measures for Hong Kong and Macao youths aged between 18-45, including benefits for employment, transportation and housing.