Nansha launches preferential financial policies

Nansha district releases a series of preferential policies offering subsidies for local companies in areas like listing and equity investment on April 23. [Photo/gznsnews.com.cn]

Guangzhou's Nansha district released a series of preferential policies offering subsidies for local companies in areas like listing and equity investment on April 23 during an online financial salon.

The document on the policies noted that backup companies in Nansha can receive a reward of up to 8 million yuan ($1.13 million) phase by phase if they are listed on the domestic market and the reward will be given to companies at one time if they are listed on overseas markets.

Listed companies moving to Nansha can receive a one-time reward of up to 5 million yuan.

Backup companies completing listing on the National Equities Exchange and Quotations (NEEQ) will receive a reward of 500,000 yuan while those finishing listing and equity transfer transaction on regional equities markets will receive a reward of 300,000 yuan.

Companies meeting certain requirements in equity investment will be rewarded with 95 percent of the company's contributions to the district for five years in a row.

Companies investing in or introducing unlisted companies that holds equity in the companies they have invested in for more than two years can receive a reward of up to 10 million yuan according to the actual accumulated investment amount. 

The investor can receive a subsidy of up to 500,000 yuan if the unlisted company being invested in is listed on the domestic market or completes listing on the NEEQ according to the investment proportion on the day of listing.