China offers tax break for overseas talent working in Greater Bay Area

The Greater Bay Area project is Beijing's attempt to deepen links between China's southern Guangdong province

Subsidies will be granted to lure talent from outside mainland China to support development of the Greater Bay Area, a project aimed at deepening integration between Hong Kong and southern Guangdong province, the Ministry of Finance’s tax bureau said on Saturday.

The subsidies will be provided in nine cities in southern China to individuals from Hong Kong, Macao, and Taiwan and other parts of the world, according to a document released by the bureau. The difference in personal income tax between the mainland and Hong Kong will be a factor determining the level of subsidy, it said.

The Shenzhen government,