Policies and Regulations
Talent Policy

In accordance with the actual contribution, the special talents that fulfil the stipulated conditions will be rewarded at different levels. Hengqin New Area will grant rewards at different levels to the special talents that fulfil the conditions in accordance with their actual contributions. The levels are classified into Levels A, B and C. 

A-level standard: Special talent that has paid a tax of over 100,000 Yuan in Hengqin last year. A correspondent 200% of the retained taxation part shall be rewarded. 

B-level standard: Special talent that has paid a tax of over 15,000 Yuan in Hengqin last year. A correspondent 150% of the retained taxation part shall be rewarded. 

C-level standard: Special talent that has paid a tax of over 5,000 Yuan in Hengqin last year. A correspondent100% of the retained taxation part shall be rewarded. 

Taxation

All the enterprises that meet the requirements as stated in the “Catalogue for Enterprise Income Tax Concessions in the Hengqin New Area” only liable to pay an enterprise income tax, at a reduced rate of 15%.

All cargo related to production that enters Hengqin from overseas are subject to an advanced record to qualify for tax-free or bonded treatment.

Cargo related to production sourced by Mainland China passing through Hengqin for export purposes, is entitled to tax reimbursement according to the legislation in force.

The cargo trade among enterprises in Hengqin New Area is exempted from value-added tax and consumption tax.

The residents from Hong Kong and Macao that work in Hengqin are subject to equal treatment, in terms of payment of individual income tax, as that in Hong Kong and Macao. The difference of individual income tax amount will be fully subsidised.

Industry Support Policy

To support the development of GMTCM Park, to encourage innovative researches in Traditional Chinese Medicine, to delegate authoritative power to Guangdong Province to for early and pilot implementation of reforming measures on the medicine supervision mechanism;

To set-up an industrial fund of 1 billion Yuan for Traditional Chinese Medicine in order to support the industrial development of TCM and healthcare industry. 

To set-up headquarters support fund to grant financial support to the growing, multinational large headquarters and domestic large headquarters.

Finance Policy

To encourage diversified forms of trade platforms and financial institutions to converge at Hengqin New Area.

To launch the currency exchange services by specially authorised licensed entities. Launch the Union Pay multi-currency IC card.

To further strengthen cooperation with financial institutions from Hong Kong and Macao, prioritizing the establishment of back-end financial services base.

Explore free ‘fund flow’ solutions with Hong Kong and Macao.

To encourage and promote the collateral financing of intellectual property, usufruct, right to charge and accounts receivable and further develop leasing finance and. promote non-cash payment measures, especially electronic payment tools.

Customs Clearance Policy

An unique “sub-line management”. The whole island implements a sub-line management model, i.e. “less restrictions at port, more restrictions on circulation channels of cargo, separation of people from cargo, management based on classification”.

Facilitate in customs clearance procedure of entry to and departure from Hengqin New Area, for Hong Kong and Macao residents so as to realize customs clearance within 24/7.

Setting-up of Implement regulations on entry to and departure from Hengqin New Area, for automobiles (driven solely within Hengqin New Area) carrying only licence plates issued from Macao.

Headquarters Economy Policy

HQs enterprises that are approved and granted subsidy benefits for enterprises, by the national government can benefit, in terms of corporate income tax, import tax and individual income tax for Hong Kong and Macao residents.

Categorized awards can be granted to contributory economic enterprise HQs.

Categorized awards can be granted to economic talents of enterprise HQs.

Lease subsidies can be granted to economic enterprise HQs.

Preferential benefits of governmental services such as customs clearance, registration of dual-licence plates of automobiles, prioritized admission of talents and academic admission for their offspring, among others.

Innovative Reforms on Administrative Approval

Implementation of a ‘Negative list’ for management of foreign investment in-flows.

Launch and develop pilot an innovative administrative registration of the enterprises, by establishing regulations for enterprise registration, whereby the market entity qualification registration is separated from the business licence registration and business premises approval.