23 April 2025
On 23 April 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 Promoting High-quality Development of Biomedical and Health Industry in Huadu District” (“the Measures”). The authorities announced that a support of RMB 100,000, RMB 200,000 and RMB 500,000 shall be provided to biomedical research and development service enterprises whose annual operating income reaches RMB 10 million, RMB 20 million and RMB 50 million for the first time, respectively. These Measures shall be valid for 3 years.