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Beijing Plans to Advance Esports Industry Development; Game Company Projects May Receive Max. RMB30M in Investment Incentives
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The Beijing Municipal Party Committee Publicity Department and other authorities have issued the "Interim Measures to Support the High-Quality Development of Beijing's Gaming and Esports Industry", effective immediately for a period of three years. The measures aim to improve review quality and efficiency, enhance copyright service mechanisms, strengthen support for premium content creation, incentivize technological innovation and application, guide industry clustering, support the hosting of tournaments and events, back the construction and operation of venues, encourage overseas expansion, bolster talent development, promote positive values, and ensure effective policy implementation. In terms of incentivizing technological innovation and application, the measures support game companies in improving R&D efficiency through computing power infrastructure, foundation model deployment, and data governance, as well as implementing intelligent technological upgrades. Projects that fall within the scope of support may receive investment incentives of up to RMB30 million. AAStocks Financial News |
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