PR93201

SHENZHEN, China, Nov. 22, 2021 /Xinhua=KYODO JBN/--

In the Qianhai Investment Annual Conference held on November 19, 2021, 30 key

projects from home and abroad were signed, with 10 significant projects

intended to invest in Qianhai. More and more projects have been attracted to

Qianhai this year.

According to the Plan for Comprehensive Deepening Reform and Opening Up of the

Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai

Plan) promulgated in September this year, the area of the Qianhai Shenzhen-Hong

Kong Modern Service Industry Cooperation Zone will be increased significantly

from 14.92 sq km to 120.56 sq km.

Next, Qianhai will focus on fostering a world-class business environment with

effective measures. With an innovation-driven development pattern, the

cooperation zone will be developed into a testing ground for in-depth reform

and higher-level opening-up.

The expansion of the Qianhai Cooperation Zone creates more room for the city's

development and equips it with core development elements of the International

Bay Area, including an airport hub, harbor hub, convention and exhibition

business, modern services, for example.

Wang is the Deputy General Manager of Ledi Culture, a Hong Kong enterprise

focusing on indoor amusement, with over 200 stores across China. In May this

year, the company moved to Qianhai Shimao Tower, where the Qianhai

Shenzhen-Hong Kong Professional Services Cluster stands. In his opinion,

companies will have more opportunities for interconnected development and

deepened cooperation between Hong Kong and Shenzhen.

Ledi Culture is not the only Hong Kong enterprise attracted to settle in

Qianhai. According to Authority of Qianhai Shenzhen-Hong Kong Modern Service

Industry Cooperation Zone, currently, over 11700 Hong Kong-invested enterprises

have registered here, most of which are in modern service industries, including

financial services, modern logistics, information services, technological

services and professional services.

Efficient and convenient government services in Qianhai left a great impression

on enterprises. It takes only about one minute to process an application to

register a domestically funded company with limited liability, and the one-stop

service takes care of all business registration-related affairs at the Qianhai

Electronic One-stop Service Center.

"As the hub of connection between Shenzhen and Hong Kong, Qianhai is very

friendly to international enterprises. It's very convenient," Tian Zenmin put

it. He is the Deputy General Manager of CREPT, one of the representative

signing companies at the conference.

Louis Sun, Head of the KPMG Digital Ignition Centre, one of the companies that

set its Greater Bay Area branch in Qianhai, believes that Qianhai Cooperation

Zone has more space for growth after the expansion. It will better connect with

Hong Kong and Macao and align with international practices, which greatly

benefits their business expansion in the Greater Bay Area and abroad. The

number of employees has increased from 20 to over 70 in the past few months.

Sun said, "Developing in Qianhai not only can close our distance with Hong Kong

in space and time, enabling us to better service our customers there, but also

can attract talents from Hong Kong and Macao to join us and therefore supports

the long-term development of our Hong Kong's business."

"Transparency and standardization are what Qianhai's business environment

impressed me most," added Sun. According to PricewaterhouseCoopers's appraisal,

if participating in the ranking as an independent economy referring to the

Doing Business Report released by the World Bank Group, Qianhai's rank has

risen from 51st to 22nd since 2017. It indicates that the business environment

in Qianhai continues to optimize towards the world-class standard.

SOURCE: Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry

Cooperation Zone