Ened Du

Recently, Guangzhou Municipal People's Government issued several policy measures for promoting high-quality development of the biomedical industry in Guangzhou. The measures include the encouragement of QFLP to invest in biomedical projects.

To invigorate the capital market and enhance the confidence of investors, the State Taxation Administration (“STA”) has announced the extension of a series of tax incentive policies.

Ministry of Finance and State Taxation Administration has won praise from individuals at work, foreign and Chinese, by announcing in one breathe a four-year extension to three set of soon-expiring employee-favored individual income tax policies, postponing their expiry date to the end of 2027.