BEIJING, Jan. 25 (Xinhua) -- Guangzhou, capital city of South China's Guangdong province on Thursday issued several revised policies to support the construction of regional financial center, offering incentives and subsidies for financial institutions and talents.
Chen Ping, deputy director of the Guangzhou Municipal Financial Bureau introduced that revised version of the provisions supports the construction of Guangzhou into a regional financial center, rewarding financial institutions which settle in the city, expand investment in cash or equity, or conduct mergers and acquisitions (M&A). The maximum of rewards for the three kind of activities reaches 25 million yuan, 10 million yuan, and 10 million yuan respectively.
Compared to the original version issued in 2013, the revised version has expanded the coverage of financial incentives to include more kinds of institutions, and give more subsidiaries to encourage listed companies to raise fund through different ways, added Chen.
In addition, according to the provisions, the municipality will inject around 45 million yuan per year for talents reward, and senior management personnel in financial institutions will be subsidized by 1,000 yuan per month.
Meanwhile, the municipality had also released an implementation opinion on promoting financial support on the construction of Guangzhou international aviation hub. Jointly released by Guangzhou Municipal Financial Bureau and Guangzhou Municipal Commerce Bureau, the opinions aim to promoting the deep integration of finance and aviation industry, build a modern aviation financial service system, and catch the major opportunity for the Belt and Road, and the construction of Guangdong-Hong Kong-Macao Greater Bay Area.
It is the first special financial policy released by first-tier cities to support the development of international aviation hubs.
The opinion proposed 12 specific tasks, including promoting the construction of investment and financing service system in the aviation industry, developing aircraft leasing business and aviation insurance, and expand supporting financial services of the aviation industry. (Edited by Li Wenxin, liwenxin@xinhua.org)
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