Recently, the management committee of Nanning Area of China (Guangxi) Pilot Free Trade Zone issued and distributed implementation details of "Supporting Measures for Foreign Investment in Nanning Area of China (Guangxi) Pilot Free Trade Zone (for Trial Implementation)" (hereinafter referred to as the "Measures"). The "Measures" specifies the content such as the rewarding object, rewarding conditions and standards, and the procedure of declaration and application of foreign investment.

The implementation details also specify that the "Measures" is applicable to the foreign-invested enterprises with independent corporate personalities which are registered in Nanning or immigrated into Nanning from Jan. 1st, 2021 (included) to Dec. 31st, 2021. The foreign investment refers to the direct and indirect investment made in Nanning by the foreign natural persons, enterprises or other organizations, including the foreign investors establishing foreign-invested enterprises independently or with other investors in Nanning; the foreign investors obtain the shares, stock rights, estate shares or other rights enjoyed by the enterprises in Nanning; the foreign investors invest and build new projects in Nanning independently or with other investors; the investment in other forms specified by the laws and regulations or the State Council.