Guangzhou introduces subsidies to attract shipping services

Guangzhou introduces subsidies to attract shipping services

The Guangzhou government has introduced a new subsidy policy to attract shipping service companies in the city as part of its efforts to develop as an international shipping centre.

Under the new policy, the government will offer up to RM3m in subsidies for maritime service companies operating in the business areas of maritime law, maritime technology, ship management, ship trading, shipping finance and shipping research institute that choose to register in the Huangpu Economic Area of Guangzhou.

The policy will also provide up to RMB3m to senior managers in every company and up to RMB3m subsidy for each company that purchases property in the area, with additional discounted financing packages. Lastly, the policy will offer up to RMB3m subsidy to each major international shipping event held in the city.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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