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Special financial policies to inject high-quality development impetus in Hengqin

2022-Jan-14       Source: newsgd.com

A press conference was held by the Executive Committee of Guangdong-Macao In-Depth Cooperation Zone in Hengqin on the morning of January 13th to brief participants on two special financial policies released by the end of last year.

A press conference was held by the Executive Committee of Guangdong-Macao In-Depth Cooperation Zone in Hengqin on the morning of January 13th to brief participants on two special financial policies released by the end of last year. 

[Photo provided to Newsgd.com]

The Qualified Foreign Limited Partner (QFLP) Pilot Plan, issued on December 29th, 2021, aims to encourage overseas investors, including those from Hong Kong SAR, Macao SAR, and the Taiwan region, to set up private equity and venture capital funds as well as to invest in quality industries in the Cooperation Zone. 

[Photo provided to Newsgd.com]

“The Plan will take effect on January 29th, 2022. We warmly welcome those qualified overseas investors and asset management institutions come to Hengqin to conduct their businesses,” said Cui Ning, head of the Capital Market Division of the Cooperation Zone’s Financial Development Bureau. 

[Photo provided to Newsgd.com]

According to another document issued on December 30th, 2021, companies in the Cooperation Zone will get a subsidy up to a maximum of RMB 5.5 million yuan when successfully issuing corporate bonds in Macao, and relevant agencies in the Cooperation Zone will be supported with a subsidy of 100,000 yuan each time.

Besides, an additional 500,000 yuan for external review expenditure will be given to those companies issuing green bonds in the Cooperation Zone. 

[Photo provided to Newsgd.com]

The support measures will take effect from March 1st, 2022, with a validity period of one year in order to make timely adjustment in the future when relevant policies and regulations in the bond market of Macao SAR need to be amended. 

“The promulgation of the two documents is strictly in accordance with the spirit of the Overall Plan for Building Guangdong-Macao In-depth Cooperation Zone in Hengqin, which will offer new mechanisms and dynamism to the development of the modern financial industry in Macao and Hengqin, as well as bolster the real economy and R & D development in the Cooperation Zone, said Chi Tenghui, acting director of the Cooperation Zone's Financial Development Bureau. 

The two policies demonstrate the Cooperation Zone’s determination to promote cross-border capital flow in Hengqin and Macao and fully support the development of the bond market in Macao. 

For more details:

Overseas investors can conduct equity investment in the Chinese mainland via Hengqin next January

https://www.newsgd.com/node_99363c4f3b/6eb8688668.shtml 

A maximum of RMB 5 million yuan to subsidize Hengqin companies issuing bonds in Macao

https://www.newsgd.com/node_99363c4f3b/bfc9facf11.shtml 


Author | Fanny 

Editor | Nan, Jerry 


Editor: Fanny

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