Shenzhen Municipal Industry and Information Technology Bureau has put into effect a new set of operational procedures to provide financial support for high-end equipment and instrument industry cluster, aiming at accelerating the high-quality development of the cluster.

Childcare subsidies that parents receive in accordance with the national childcare subsidy policy are exempt from individual income tax, according to a notice jointly released by the Ministry of Finance and the State Taxation Administration on Friday.

China will introduce a new visa category for young science and technology talent.

Eligible preschool children without Shenzhen hukou, or household registration, will be covered by the city’s basic medical insurance program from Sept. 1, according to the city authority.