Huangpu launches 5G incentives

Guangzhou’s Huangpu district is pushing hard on 5G support policies, releasing 10 new measures today to boost commercial application and rollout. For new companies targeting high-end 5G components, chip modules and new-type industrial terminals (such as 4K/8K terminals, smart wearable devices, unmanned transportation tools), the Huangpu government offers a reward of a rebate of 5% of the registered capital or up to RMB3 million for each enterprise that paid in more than RMB10 million at time of registration. An extra RMB300,000 will be given for introducing technological “talents”. 

New 5G enterprises can also get up to RMB2 million of rewards based on the amount and growth rate of annual operating income. The government will select 10 to 15 showcase projects each year, offering 30% of the total investment of the project or up to RMB5 million as subsidy. 

Huangpu is also encouraging large enterprises and operators to build application-oriented networks in the industrial parks, offering up to RMB2 million of subsidies. For new companies joining the industrial park, up to RMB600,000 of rental subsidy and RMB1 million renovation subsidy will be offered. 

Up to RMB5 million subsidy will be given to companies establishing innovation centers and labs. 

Read more in Chinese. 

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