10 February 2023
On 10 February 2023, the Office of the Guangzhou Nansha District Administrative Committee and the Office of the People's Government of Guangzhou Nansha District issued the "8 Measures for Supporting the Development of Legal Services for Foreign Affairs in the Guangzhou Nansha New District (Free Trade Zone)" ("the Measures"). The Measures proposed to grant a settlement subsidy of RMB5 million to Guangdong-Hong Kong-Macao joint-venture law firms jointly established by a Hong Kong (Macao) law firm and a Mainland law firm in Nansha District, provide that all three parties are well-known legal service institutions. In addition, the Measures will offer housing subsidies to Guangdong-Hong Kong-Macao joint venture law firms or other legal service institutions with foreign-related legal services as their major business if office buildings are rented in Nansha District for self-use. The annual subsidy shall not be more than RMB2 million with a subsidy period of 3 years. The Measures will be implemented on 10 February 2023 and be valid for 5 years.