On 23 December 2025, Shenzhen Municipal Government released the revised Implementation Measures for Further Attraction and Utilization of Foreign Investment in Shenzhen (hereinafter referred to as the Implementation Measures) on its official website. The revised Implementation Measures will come into force on 1 January 2026 and remain effective for 3 years.
Compared with the previous version, the revised Implementation Measures has added the following two reward measures:
A one-time reward of up to RMB8 million will be granted a China headquarter, Asia-pacific headquarter, or global business division headquarter recognized by Guangdong Province between 2025 and 2027, if the newly added actual foreign capital in the previous year reaches USD10 million or more.
A one-time reward of up to RMB1 million will be granted to a foreign invested R&D center recognized by Shenzhen foreign investment and technology authorities between 2025 and 2027. If the center serves as a global R&D hub of a multinational corporation and its newly added actual foreign capital in the previous year reaches USD10 million or more, an additional reward of up to RMB5 million will be granted. The maximum total reward will be RMB6 million.
In addition to the newly added reward measures mentioned above, the following reward measures will continue to be implemented:
A maximum annual reward of RMB50 million will be granted to a manufacturing enterprise with annual newly added actual foreign capital reaching USD50 million or more between 2023 to 2027, with a cumulative maximum reward of RMB150 million. High-tech manufacturing enterprises will be rewarded at a rate up to 3% of the newly added actual foreign capital, while other manufacturing enterprises will be rewarded at a rate up to 2% of the newly added actual foreign capital.
A maximum annual reward of RMB20 million will be granted to a foreign invested enterprise (excluding enterprises in finance and real estate sector) with annual newly added actual foreign capital reaching USD50 million or more between 2023 to 2027, with a cumulative maximum reward of RMB80 million. High-tech service enterprises will be rewarded at a rate up to 2% of the newly added actual foreign capital, while other enterprises will be rewarded at a rate up to 1% of the newly added actual foreign capital.
A one-time reward of RMB5 million will be granted to a multinational company’s regional headquarter recognized by Guangdong Province or a multinational company’s headquarter recognized by Shenzhen (excluding enterprises in finance and real estate sector) if the annual newly added actual foreign capital reaching USD50 million or more between 2023 to 2027. One enterprise cannot enjoy rewards for provincial or municipal multinational company’s headquarters at the same time.
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