21 July 2020
The General Office of the People's Government of Guangdong Province has issued a notice on several measures to improve the stabilization of foreign investment in Guangdong Province on 21 July 2020. The notice proposes 12 measures to stabilize foreign investment from 4 major directions. The directions include further opening up, increasing investment promotion, protecting the legitimate rights and interests of foreign investment and creating a good environment that supports the stable development of foreign-funded enterprises. Among them, the measures propose to support foreign-funded enterprises to carry out facilitation business through revenue payment under capital accounts, support foreign institutional investors to participate in private equity investment funds and venture capital enterprises or funds in the Guangdong-Hong Kong-Macao Greater Bay Area through qualified foreign limited partners (QFLP) and explore the implementation of the pilot project of cross-border capital pool business integrating domestic and foreign currencies in the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, it also proposes to continue to explore the establishment of a normalized investment promotion mechanism with relevant countries (regions), establish a joint promotion and investment promotion mechanism for the Guangdong-Hong Kong-Macao Greater Bay Area and give play to innovative investment promotion methods.