Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone
Located in western Nanshan island and encircled by Shuangjie River, Yueliangwan Boulevard, Mawan Boulevard and Qianhai Bay, Qianhai Cooperation Zone covers an area of approximately 15 square kilometers , comprising almost entirely reclaimed land.
On December 31st 2014, the State Council approved the establishment of Guangdong Free Trade Zone, with Qianhai covers an area of approximately 15 square kilometers. Positioning as a cooperation zone, a pilot FTZ, and a free trade port zone at the same time, Qianhai Cooperation Zone integrates the function and policy of Free Trade Zone and initiate a three-zone superposition model. The zone benefits from the complementary interactions between Qianhai and Shekou, the innate advantages that come from Shenzhen-Hong Kong cooperation, and a unified management and integration system. In the future, Qianhai and Shekou FTZ will focus on becoming a role model in socialist law based on Chinese characteristics, accelerating the process of institutional reform, facilitating free trade for Shenzhen-Hong Kong services and creating an innovative financial center based on the shared capital market in Shenzhen and Hong Kong.
1. Industrial distribution
As a modern service industry cooperation zone, Qianhai's administration has planned to focus on finance, modern logistics, information services, technology services, and other professional services.
2. Geographic advantage
Located at the edge of Nanhai and adjacent to Hong Kong and Macau, Qianhai Cooperation Zone stands at the major development axis of the Pearl River Delta region and the coastal functional expansion zone intersection. Qianhai is close to both airports in Shenzhen and Hong Kong. The Shenzhen-Zhongshan cross-river corridor, the Shenzhen Western Port Area, the Shenzhen North Train Station and the Guangzhou-Shenzhen Yanjiang Highway all go through Qianhai. Qianhai is within a one-hour commuting radius of the Pearl River Delta and is within a half-hour commuting radius of Hong Kong. Enjoying a significant strategic location in Guangdong Province, Qianhai can easily be reached by air, land or sea. It possesses outstanding overall transportation advantages.
3. Investment policies
Revolutionary policies are in place for Qianhai including financial revolution, modern service tax reform etc. The internationalization of the Chinese currency will be available through an RMB offshore service. In order to attract a high-quality workforce, certain professionals are exempt from income tax. In addition, an entirely new legal system will be in place including judges and lawyers from Hong Kong.
·Provisions on Centralized Operation and Management of Foreign Exchange Capital by Transnational Companies
·Interim Measures on Financial Subsidy for Individual Income Tax of Overseas High-level and Short-supplied Talents in Qianhai Shenzhen–Hong Kong Modern Service Industry Cooperation Zone of Shenzhen
·The State Council’s Approval of “The Overall Development Plan of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone”
·Interim Measures on the Administration of Cross-Border RMB Loans for Qianhai
·Interim Measures on Accreditation of Overseas High-level and Short-supplied Talents in Qianhai Shenzhen–Hong Kong Modern Service Industry Cooperation Zone
4. Contact information
Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen
Address: Qianhai Complex, Yueliangwan Avenue, Nanshan District, Shenzhen, P.R.China