Guangzhou widens benefits for Taiwan compatriots

The Taiwan Affairs Office and the Development and Reform Commission in Guangzhou, Guangdong province, have jointly published a revised version of the 60 Measures to Benefit Taiwan Compatriots in Guangzhou.

The measures focus on further standardization to benefit Taiwan compatriots in various aspects, including broadening development channels for Taiwan enterprises, helping transform and upgrade Taiwan enterprises, supporting and guiding Taiwan enterprises in going public, encouraging the integration of Nansha New Area, providing accurate services related to Taiwan affairs and protecting the rights and interests of Taiwan businesses.

The revision is based on the previous policy — Several Measures on Further Deepening the Economic, Social and Cultural Exchange and Cooperation between Guangzhou and Taiwan — which was issued in July 2018.

The revision integrates the latest preferential policies of Guangzhou and its districts for Taiwan; therefore, the preferential treatment of Taiwan compatriots this time is broader and more powerful.

The revision stipulates that youth in Taiwan, Hong Kong and Macao will be offered the same support policies in Guangzhou's urban areas when they arrive in the city for entrepreneurship and employment.

Taiwan compatriots can independently query and print their own credit reports, apply for credit cards and enter into mortgage purchase loan agreements and operational loans with valid travel documents or a temporary residence permit.

Guangzhou is in a region with a high concentration of investment from Taiwan. The southern metropolis has approved a total of 4,111 Taiwan-funded projects with a total investment of $27.7 billion. More than 20,000 Taiwan investors, business representatives and their family members live in Guangzhou, while the city's Taiwan-funded companies employ about 200,000 people.