Notice of the Shenzhen Industrial and Information Technology Bureau on Issuing the “Various Measures for Further Promoting the Initial Public Offering and High-quality Development of Listed Companies”
On 7 September 2023,the Shenzhen Industrial and Information Technology Bureau issued “Various Measures for Further Promoting the Initial Public Offering and High-quality Development of Listed Companies” (“the Measures”). The Measures proposed to launch the preferential tax policies for venture capital and equity investment in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, deepen the strategic cooperation with Shenzhen Stock Exchange and promote the construction of Beijing Stock Exchange Shenzhen Service Base and Shanghai Stock Exchange Shenzhen Service Base. In addition, the Measures aimed to strengthen the communication and collaboration with the Stock Exchange of Hong Kong and other foreign Stock Exchanges, establish an efficient connection mechanism and service system, and assist enterprises participate in multi-level capital markets. The Measures will come into force on 15 September 2023 and will be valid for 5 years.