GBA Briefs: 6/3/2020

Guangzhou boosts rental housing: Guangzhou will provide various subsidies to rental housing: developers who build rental houses on state-owned construction land can receive up to 800 yuan per square meter, while those who reconstruct commercial properties into rental houses can receive up to 550 yuan per square meter. Chinanews.

Dongguan controls house prices: Dongguan has mandated the sellers of commercial housing in the city to declare the prices they set and banned transactions with “unreasonable” prices, in an effort to control its property market.

Shenzhen steps up tech education: Shenzhen University has launched two majors focusing on the most cutting-edged technologies – Financial Technology and Robotics Engineering. Admission of undergraduate students would start this year.

Shenzhen metro goes digital: Metro passengers in Shenzhen now can take the subway without taking their IC cards, as Shenzhen’s metro network has launched an app and mini program that enables the use of QR code.

Guangdong speeds up 5G agenda: Guangdong plans to build 60,000 5G base stations across the province in 2020, covering 90% of its population, said Guangdong Communication Administration, adding that they need to make up for the delay in 5G construction caused by the coronavirus outbreak.

Tell us what you think