PR98690

SHENZHEN, China, Nov. 8, 2022 /Xinhua=KYODO JBN/--

The 2022 Qianhai Global Investment Promotion Conference commenced in Shenzhen,

China on November 8. At the conference, Qianhai Global Service Providers (QGSP)

Program was launched, where a wide range of incentives will be provided to

support service industries. According to the Authority of Qianhai, it will

render an industrial support fund of no less than one billion yuan and an

industrial space of over 200,000 square kilometers every year. By 2025, it will

have more than 300 modern service providers around the world and achieve an

added value of over 100 billion yuan in the modern service sector.

As Qianhai's business environment continues to optimize, more and more

enterprises have noticed the improvement and considered the area as an ideal

business destination. "The number of PE firms establishing new offices in

Qianhai has risen sharply. As a result, we have been able to communicate with

our clients and partners more frequently, conveniently, and efficiently than

ever before," a representative from SC Ventures said in an interview. "We

notice that many start-up teams from Hong Kong, Macao, and overseas have been

attracted to Qianhai, especially by its perfect office and living conditions,

excellent conditions for science and technology innovation, and fair market

opportunities. This gives us an opportunity to get closer to more outstanding

start-up teams."

Qianhai has fostered a full-fledged, multi-level professional judicial system

to settle disputes in business, finance, intellectual property, and other

important areas. It has also been exploring an innovative mediation process

that combines international commercial mediation with foreign law

ascertainment. The Shenzhen Qianhai International Commercial Mediation Center

and Benchmark Chambers International & Benchmark International Mediation Center

were established specifically for this purpose.

To satisfy businesses' urgent demand for talent, Qianhai developed the

International Talent Hub and International Talent One-stop Service Center, and

enabled qualified professionals from Hong Kong and Macao in 16 categories like

construction engineering and taxation to register to practice in Qianhai. In

addition, Qianhai provides integrated services for international talent, which

cover 451 items including government services, business services, etc. It also

offers customized services for six types of talent occupations, such as leading

scientists and technologists.

By deepening reforms in simplifying investment and trade, accelerating

innovations in finance and legalization, and developing pilot programs in

talent management, Qianhai has become a fertile ground for investment and

business ventures.

The representative from SC Ventures added, "Qianhai offers exceptional policies

to support QFLP enterprises in such areas as business establishment, market

access, investment scope, foreign exchange settlement, and efficient customs

clearance. Therefore, with the help of Qianhai's competent departments,

everything went smoothly in setting up a QFLP management company."

Owen Wang, vice president of Operations of LF Logistics who has been engaged in

logistics in Qianhai for years, stated, "Thanks to the support of Customs and

Qianhai Authority, LF Logistics has witnessed its revenue double almost each

year since joining the Qianhai Free Trade Zone in 2015."

Liu Guilin, deputy director-general of Qianhai Authority, underscored that

Qianhai will continue to promote the attraction of talent and investment well

into the future in order to encourage professionals and experts from all over

the world to establish businesses here. As a result, Qianhai will provide

comprehensive support for talent development and actively create huge

opportunities for business growth.

Source: Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone