18 August 2023
On 18 August 2023, the Guangzhou Municipal Administration for Market Regulation issued the “Various Measures for Promoting High-quality Economic development” (“the Measures”). The Measures proposed to establish a consolidated platform to achieve full coverage of business registration for enterprises and individual and to comprehensively optimize the “Guangzhou-Hong Kong Stock Connect” and “Guangzhou-Macao Connect” services in order to expedite the online processing of relevant matters, one form filing and remote approval. In addition, the Guangzhou Municipal Administration for Market Regulation and the Guangzhou Branch of China Construction Bank aimed to draft a comprehensive financial service plan of “Quality Finance in Guangzhou Municipality”, providing qualified enterprises intentional comprehensive financing support of up to RMB50 billion.