Recently, the Park Administration Office of Guangxi Zhuang Autonomous Region and the Department of Finance of Guangxi Zhuang Autonomous Region jointly promulgated the "Measures for Administration of Market-oriented Service Funds for Investment Promotion in Guangxi" (hereinafter referred to as the "Administrative Measures"), with the aim of invigorating market vitality, expanding investment promotion channels, introducing a greater number of high-quality projects and enterprises into Guangxi, and propelling the high-quality development of industrial parks. It is understood that the "Administrative Measures" incorporate numerous new measures. These measures will entice and encourage more professional institutions to partake in the market-oriented investment promotion activities in Guangxi by means of a lower application threshold, a higher support criterion, and more rapid fund disbursement efficiency.

"The supported entities are centered around market-oriented service institutions for investment promotion. Collectives and individuals at all levels within the system are no longer eligible for financial support, which further propels the marketization of investment promotion through business networks in Guangxi. The support criteria have been adjusted, so that the actual investment of the introduced manufacturing project should reach 50 million yuan or above and result in the formation of fixed assets. This adjustment emphasizes the focus on investment promotion for the manufacturing industry, lowers the threshold for fund application, and broadens the coverage of policy beneficiaries," remarked a relevant official from the Department of Finance of Guangxi Zhuang Autonomous Region.