PR98716

SHENZHEN, China, Nov. 9, 2022 /Xinhua=KYODO JBN/--

With deepening reform and an improving business environment, Qianhai has once

again attracted the attention of global businesses and investors. At the 2022

Qianhai Global Investment Promotion Conference held on the afternoon of

November 8, a number of Fortune 500 companies, Hong Kong businesses,

state-owned enterprises, and other industrial bellwethers signed agreements to

set up offices in Qianhai. The expected total investment exceeded 120 billion

yuan, according to the Authority of Qianhai. This has fully demonstrated the

conference theme "Invest in Qianhai, Building a Winning Future", along with the

economic vitality, policy appeal, and driving forces of innovation in Qianhai.

After continuous institutional innovations, the business environment in Qianhai

has been acknowledged by business entities worldwide. "Qianhai not only

possesses a superior talent pool, but also provides companies with

comprehensive support," said Zhang Yangqing, General Manager of Merchants Union

Consumer Finance Co., Ltd. "There's no better place than Qianhai with regards

to Shenzhen-Hong Kong cooperation," stated Dr. Sunny Siu, a Hong Kong

entrepreneur and founder of Jaguar Micro.

Alvin Zhong, Managing Director of Colliers Shenzhen, commented in an interview,

"Qianhai has one of the top business environments around the globe. Qianhai's

policies, services, market, and prospects are meaningful to companies' future

business plans."

According to the Institutional Innovation Index for China Pilot Free Trade

Zones released by Sun Yat-sen University, Qianhai ranks first in the country in

terms of system innovation. Furthermore, a third-party assessment by Deloitte

also shows that Qianhai is a global leader in such parameters as starting a

business and access to electricity.

As a reform pioneer, Qianhai has never stopped making progress. At the

conference, the Qianhai Global Service Providers (QGSP) Program was launched to

actively attract and cultivate national top 20 or global top 50 businesses in

eight fields, including modern finance, business & trade, logistics,

information services, etc. The goal of the program is to build a cluster of

global service providers with the world's top 500 headquarters companies as the

pillars and SME industry leaders in specialized fields as the main body.

Qianhai vows to render these businesses an industrial support fund of no less

than one billion yuan and an industrial space of over 200,000 square kilometers

every year. Its goal is to introduce or foster more than 300 modern service

providers from around the world and achieve an added value of over 100 billion

yuan in the modern service sector by 2025. Qianhai will make every effort to

build a core engine for the modern service industry in the Greater Bay Area and

become an important producer service center in the Asia-Pacific region.

At the conference, Qianhai extended its invitation to global service providers

in eight fields with business team incentives of tens of millions of yuan and

an appealing 15% corporate income tax rate.

Companies in Qianhai have already felt the zone's passion for promoting

investment. "This year, we officially moved our office back to Qianhai," said

Zhou Xiangdong, Chief Financial Officer and Board Director of Shenzhen Hive Box

Technology Co., Ltd. "On the basis of what Shenzhen provides, Qianhai offers

more support for businesses in terms of finance, taxation, and administrative

approval."

Wang Peiying, founder of DVF Private Equity Fund Management Co. Ltd., stated,

"Seeing that a number of international financial companies are thriving in

Qianhai, DVF also intends to settle here as soon as possible."

According to its plan, Qianhai will also create a series of clusters, featuring

venture capital investment, natural gas trading, cross-border e-commerce, and

tax services.

"Qianhai is wide open, equipped with a global platform that facilitates insight

and information exchange. It will become a hub for specialized service

industries in the future," Alvin Zhong added. "Qianhai is undoubtedly a

desirable destination for doing business."

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

Cooperation Zone