China to Lure Foreign Talent for New High-Tech Greater Bay Area
The West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
China said it will offer favorable tax incentives to overseas talent as part of efforts to lure professionals to work for its high-tech region which links Hong Kong and Macau with cities in southern China.
High-end foreign talent who work for the Greater Bay Area, and with skills that the country is short of, will get subsidies from local governments to help offset their individual income tax differentials between mainland China and Hong Kong, the Ministry of Finance said in a statement on Saturday.