Nansha is poised to become the next major financial hub in the GBA. At the China Committee meeting on 12 September, members learnt about the “Nansha 30 Financial Measures,” a groundbreaking policy framework introduced in May 2025 by the People’s Bank of China and other Central Government bodies.
Duncan Chiu, Chief Representative of the Nansha Hong Kong Service Centre, and Chen Ziwei, from the State-owned Assets Supervision Bureau of Guangzhou Nansha Economic-Technological Development Zone, explained that the initiative aims to establish Nansha as a pivotal financial centre in the GBA.
The focus is on seven main sectors, including innovation, advanced manufacturing, the digital economy and cross-border finance. Key features include facilitating cross-border capital flows, expanding green and shipping finance, and creating more adaptable regulatory mechanisms to support innovation.
Substantial incentives accompany the plan, including a preferential 15% corporate income tax rate and personal income tax benefits. For instance, Hong Kong and Macao residents working in Nansha are exempt from paying personal income tax on the portion of earnings that exceed what they would pay in their home regions.
2025/09/12