Notice of Issuing Ten Measures for Supporting the Development of New Material Industry in Huadu District (Hua Du Ban Gui [2025] No. 3)
31 March 2025
On 31 March 2025, the General Affairs Office of the Huadu District of the Guangzhou Municipal People’s Government (“the authorities”) issued the “Notice of Issuing Ten Measures for Supporting the Development of New Material Industry in Huadu District” (“the Measures”). The authorities announced newly introduced new material enterprises whose operating income exceeds RMB 100 million, RMB 200 million and RMB 500 million for the first time in the year of production, shall be provided with a one-time support of no more than RMB 1 million, RMB 2 million and RMB 5 million, respectively. These Measures shall be valid for 3 years.