Archived China provides subsidies to lure talent to Greater Bay Area (reuters.com)
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Archived China provides subsidies to lure talent to Greater Bay Area (reuters.com)
submitted ago by Himfirst
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[–] derram ago
https://archive.ph/Kg6lW :
'SHANGHAI (Reuters) - Subsidies will be granted to lure talent from outside mainland China to support development of the Greater Bay Area, a project aimed at deepening integration between Hong Kong and southern Guangdong province, the Ministry of Finance’s tax bureau said on Saturday. '
'The Shenzhen government, along with the provincial government of the southern Guangdong province, will develop the specific regulations for identifying talent and providing subsidies, the document added. '
'The difference in personal income tax between the mainland and Hong Kong will be a factor determining the level of subsidy, it said. '
'The subsidies will be provided in nine cities in southern China to individuals from Hong Kong, Macao, and Taiwan and other parts of the world, according to a document released by the bureau. '
' The area is home to 68 million people and has a combined gross domestic product of roughly $1.5 trillion. '
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