A selection of updates on the Greater Bay Area from the Hong Kong Trade Development Council

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GBA Updates

23/11/2022

 

Nansha District of Guangzhou has issued new guidelines on applying for preferential individual income tax (IIT) treatment, beginning next year.

Mainland China is now allowing companies to deduct expenditure related to the funding of basic research when calculating their corporate income tax liability.

Huizhou is offering financial subsidies and other support to attract technology talent and teams to start up a business in the city.

Shenzhen has issued a range of policies to promote the development of the software industry with the aim of setting up a number of software-focused industrial parks in the city.

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GBA Intelligence

 

GBA test bed for proptech

Under the dual pressure of Mainland China’s tightening housing policy and higher operating costs, real estate enterprises in the GBA must break new ground for growth. A whitepaper co-produced by Ernst & Young Transactions Limited and Hong Kong’s Urban Land Institute outlines the role of property technology (proptech) in this transformation.

GBA Topics

 

Slowing the fast-fashion impact

The rise of fast fashion over the past two decades enabled consumers to buy a wider range of clothes at low prices, rapidly boosting the fashion industry worldwide – but the fast fashion trend has led to a string of environmental and sustainability concerns. HKTDC Research has organised a webinar to help the garment industry to shrink its environmental footprint and explore green development opportunities in the GBA.

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