PR100544

SHENZHEN, China, Dec. 6, 2023 /Xinhua=KYODO JBN/--

Digital trade is one of the significant trends in global economic development

and a new focus for the economic development of China.The General Office of the

People's Government of Guangdong Province recently released the Notice on the

Issuance of the Three-Year Action Plan for the Construction of the "Digital Bay

Area", which mentions that the cooperation platform of the Qianhai

Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be fully

utilized for trial and pilot implementation and that the in-depth integration

of economic development, public services, and social governance among

Guangdong, Hong Kong, and Macao will be promoted through digitalization.

Qianhai of Shenzhen intensively deploys digital economic industries. Theare has

a solid foundation in the fields of the information industry and

digitalization. Meanwhile, Qianhai's well-developed information industry and

various digitalization applications also have a strong demand for new

infrastructures such as clouds and networks. The area is actively promoting the

construction of new trial Internet Exchange Points to facilitate the

interconnectivity of information infrastructures in the Guangdong-Hong

Kong-Macao Greater Bay Area, according to Authority of Qianhai Shenzhen-Hong

Kong Modern Service Industry Cooperation Zone.

The EY Greater Bay Area Center of Excellence was officially established in

Qianhai in April 2023 with three major functional areas: a technology

interaction and exhibition zone, a technology application and R&D zone, and the

Cybersecurity Center. William Huang, the Managing Partner of EY China South,

said in an interview that EY hopes to accelerate the development of scientific

and technological innovation and research and development with Qianhai as an

important hub so as to help enterprises in the Greater Bay Area carry out

digital transformation and accelerate the incubation of innovative enterprises,

as well as to provide the industry's leading cybersecurity management and

operation services.

Qianhai has been at the forefront of building intelligent industries and

digitizing industrial parks. Recently, the first application project of

"Shenzhen-Hong Kong + Intelligent Park Comprehensive Service Platform" -

Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub was awarded

the "2023 China Leading Intelligent Industrial Park Digital Innovation Award".

Currently, various functional modules of the Shenzhen-Hong Kong + Intelligent

Park Comprehensive Service Platform are available and running stably in a

number of park projects, such as the central and north areas of Qianhai

Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub, Qianhai Towers,

Qianhai Comprehensive Bonded Zone, International Talent Hub, International

Legal Affairs Zone, LonghaiHome Community, Tanglangcheng Talent Housing,

Qianhai Builders Park, and Youth Apartments, effectively supporting the

intelligent upgrading of the operation services of the industrial spaces under

various bureaus in Qianhai.

It is estimated that Qianhai has played an important part in grooming the

next-generation network infrastructure, emerging business models of

cross-border e-commerce, big data platforms for cross-border trade, and digital

value-added services. The area is also promoting a series of digital reform

measures on the basis of the existing excellent business environment, giving

new momentum to its leading demonstration in supporting the development of

trade.

117 leading cross-border e-commerce companies have settled in Qianhai with the

help of digitalization. Last year, the import and export value of cross-border

e-commerce in Qianhai reached 38.2 billion yuan, a year-on-year increase of

178.8%. The import and export value of cross-border e-commerce from January to

June this year reached 20.51 billion yuan, a year-on-year increase of nearly

five times.

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

Cooperation Zone