18 March 2024
On 18 March 2024, the Commerce Bureau of Dongguan Municipality issued the “Implementation Rules for Supporting the High-quality Development of the Integration of Domestic and Foreign Trade in Dongguan Municipality (Interim)” (“the Rules”). The Measures proposed to support qualified foreign-invested enterprises (excluding the real-estate projects, financial projects and similar financial projects) with newly contracts executed or capital injected in Dongguan Municipality. For projects with newly capital injected and actual annual foreign investment ranging from USD 10 million to USD 30 million or new projects with an annual foreign investment amount ranging from USD 30 million to USD50 million, the Municipal Finance Bureau will offer an award equivalent to 1% of actual foreign investment, with a maximum cap of RMB 10 million. The Rules will be effective from 18 March 2024 and will be valid until 31 December 2026.