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Qianhai (前海), the Shenzhen–Hong Kong Modern Service Industry Cooperation Zone within Shenzhen's Nanshan District, is a sub-municipal free-trade-style zone with its own management authority and independent subsidy-issuing power. This measure is narrower in scope than city-wide Shenzhen industrial policy but more generous per-recipient: it stacks a reserve-fund grant, R&D-spend subsidy, office rent relief, a preferential 15% corporate income tax rate (vs. the standard 25% PRC rate), and large discretionary technology-breakthrough grants (up to RMB 100 million for a single feasibility-study project) specifically for qualifying R&D centres physically located in Qianhai. Eligibility requires cumulative R&D investment of at least USD 2 million (or RMB 15 million) and at least 20 R&D personnel; multinational global R&D centres face additional requirements (parent-company authorization, IP filed via the Qianhai entity, higher investment threshold).
Qianhai has issued a wave of sector-specific subsidy schemes in 2025 (technology services, R&D centres, Hong Kong/Macao youth entrepreneurship) as part of a broader push to position the zone as a landing pad for multinational R&D functions and outbound-investment structuring ("in-zone registration, global/overseas operations").
targeting foreign and multinational R&D footprint — a lower-severity but high-frequency category (per-project grants in the low millions RMB) that collectively represents meaningful state support for MNC R&D localisation in China.
Area instrument (also used for Hengqin and Nansha) and is a persistent input cost advantage for multinational R&D operations sited there.
disbursement under this scheme.
city-wide FDI-attraction package (深府规〔2025〕10号) at its 2028 sunset.