Shenzhen will offer up to 3 million yuan (US$446,000) in one-time rewards for flagship store openings and up to 1 million yuan for major product debuts under a new three-year policy taking effect Aug. 30. The initiative aims to develop world-class business districts and retail clusters centered on first-store launches, drawing international and domestic brands to set up launch centers in the city. Eligible businesses include high-profile first stores at international, national and city levels, along with exhibition centers for open-source smart devices. Product launches involving automobiles, 3C digital products, AI hardware and open-source terminals qualify for subsidies of up to 1 million yuan