Pudong, Shanghai releases supportive policies for eSports industry

On August 3, at the 2019 Global eSports Conference, the Director of Pudong District Publicity Department Tang Jinsong announced its Pudong eSports Industry Supportive Policies and five development strategies for the Pudong District.

The policies specify that eSports-related companies that are listed on the Shanghai Stock Exchange or Shenzhen Stock Exchange may receive no more than RMB 5 million from the government; certified eSports programs may receive no more than RMB 2 million for office leases, no more than RMB 500 thousand for interior renovations and other support; top eSports clubs, broadcasting companies and eSports event operations organizations may receive no more than RMB 2 million; eSports clubs that perform really well at world class eSports events may receive a prize of no more than RMB 2 million; eSports stadiums that are under construction may receive a subsidy of no more than RMB 10 million, and completed eSports stadiums may receive a subsidy of no more than RMB 2 million; organizations hosting international professional eSports tournaments may receive a subsidy of no more than RMB 3 million and top performing registered eSports players may enjoy benefits such as easier access to schools and specially-built apartments for special talent.

Mr. Tang also disclosed that the Pudong District is planning to build an eSports industrial park, 4 international level eSports complexes, and raise RMB 5 billion to support the gaming and eSports industry.

Reference: thepaper.cn

Proofread by Raymond Fitzpatrick