Hezhou increases incentives for trade, logistics enterprises
Fourteen measures to support the further growth of trade and logistics enterprises above the required annual revenue in the Wanshan Marine Development Experimental Zone (Zhuhai Free Trade Zone) were recently revealed by Hezhou's preparatory group.
According to the document, enterprises involved in wholesale with an annual revenue of more than 20 million yuan ($3 million) from their main business can receive a reward of up to 2 million yuan ($276,143). Retail enterprises with an annual revenue of no less than 5 million yuan ($690,358) and companies involved in social consumption like accommodation and catering with an annual revenue of over 2 million yuan will be eligible for rewards of up to 1 million yuan ($138,065).
A bird's eye view of the Hongwan-Zhuhai Free Trade Zone-Shizimen area [Photo courtesy Zhuhai Media Group]
Business-oriented support will be provided to help eligible wholesale enterprises increase development quality and efficiency. Manufacturing enterprises are also encouraged to set up sales companies to promote the optimization and upgrading of their industrial structure.
Top management teams of the enterprises are supported to devote more efforts to strengthening operating performance, and investment attraction teams in local commercial complexes will receive direct subsidies for introducing newcomers.
In addition, enterprises in the Wanshan Marine Development Experimental Zone will receive more support in applying e-commerce trade models to expand operation and seek new profit drivers. Supportive measures promoting enterprises to develop aviation and cross-border logistics businesses were also included in the document, striving to achieve coordinated development with Macao's aviation industry and increase delivery efficiency between Zhuhai and Macao.
Construction of the Guangdong-Hong Kong-Macao Logistics Park in the Hongwan area will be accelerated. Logistics enterprises are encouraged to use or renovate current bonded warehouses or run island distribution stations in Hezhou, and a one-time reward of up to 2 million yuan will be available for their efforts to better utilize local existing warehouse resources.