31 July 2023
On 31 July 2023, the Guangdong Provincial Development and Reform Commission issued the “Various Measures for Promoting Foreign Investment, Stabilizing Inventory and Improving Quality in Manufacturing Industry” (“the Measures”). The Measures clarified to strengthen the protection of intellectual property rights (“IPRs”), encourage foreign-invested enterprises to apply patents rights, register trademarks and engage in IPR transactions in accordance with law. In addition, the Measures proposed to provide quality financial services and financing support to eligible foreign-invested enterprises under the principle of marketization and deepen the pilot free trade accounts and the RMB and foreign currency bank settlement accounts. Eligible foreign-invested enterprises are allowed to participate in cross-border investment of private equity investment funds.