In terms of the support for the development of financial talents, the foreign senior managers and financial talents introduced by the branches or backstage operation centers set up by foreign financial enterprises in Nanning Core Area shall be given financial subsidies for the portion of the personal income tax paid on salaries which exceeds 15% of the taxable income on salaries. For financial regulators and eligible senior executives of financial enterprises, 100% reward is given in the first three years and 50% reward in the next two years based on their contribution of salary to local economic development. At the same time, a number of apartments for financial talents have been built at the core of China-ASEAN Financial City to provide housing security for senior managers of financial enterprises and financial talents.
In terms of business development, each banking financial institution that has participated in China-ASEAN currency interbank transactions in regional trading markets will be awarded 500,000 yuan once for all. Each banking financial institution that has participated in China-ASEAN currency listing transactions newly launched in regional trading markets will be awarded 300,000 yuan once for all. Each banking financial institution that has launched China-ASEAN currency interbank transactions in regional trading markets will be awarded at 0.1% of the actual annual transaction volume, and the annual reward amount of each bank shall not exceed 1 million yuan.
In terms of office building purchase and rental, financial enterprises that are newly established or relocated from outside Nanning will be rewarded with a maximum of 6 million yuan for the first purchase of self-use office. The rental of self-use office buildings meeting relevant conditions will be subsidized by 50 yuan per square meter per month for 36 months, with the maximum subsidy of 3.6 million yuan.