Global Trade Alert
Global Trade Alert

China (Jiangsu/Nanjing): Foreign firms in provincial capital to receive subsidies

Announcement

19 May 2017

May 19th, 2017 - Jiangsu's provincial capital, Nanjing, released its iteration of the PRC State Council's Announcement No.5/2017, listing various measures to encourage foreign firms to operate in various designated areas in and around the city. This includes several subsidy channels for eligible firms.

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

19 May 2017

Revocation date:

No revocation date

FDI: Financial incentive In force

On the 19th of May 2017, the municipal arm of the Chinese government in Nanjing released an 'opinion', centring on the encouragement of foreign capital investment in the city. This stems from a Januar...

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Implementation date

19 May 2017

Revocation date:

No revocation date

State loan

In addition to the measures detailed above, the announcement also officially mentioned an 'emerging industry investment fund' available to be injected into eligible firms of 50bn CNY (7.26bn USD) unti...

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