SHENZHEN, China, June 26, 2024 (GLOBE NEWSWIRE) --
On July 1, Hong Kong will celebrate the 27th anniversary of its return to the
motherland. As the "bridgehead" for the integration and cooperation of Shenzhen
and Hong Kong, the Qianhai Shenzhen-Hong Kong Modern Service Industry
Cooperation Zone has become the "first stop" for Hong Kong people and
enterprises seeking development opportunities in the Chinese mainland.
In mid-June, the Guangdong-Hong Kong Cross-border Government Services (Qianhai)
Zone was officially launched. A growing number of Hong Kong
youth have praised Qianhai as a "fertile ground for entrepreneurship" and found
a "sense of home" here. All these achievements demonstrate Qianhai's commitment
to advancing the cooperation of Shenzhen and Hong Kong.
Qianhai is located on the eastern shore of the Pearl River Estuary. The area was
established in 2010 with a total area of about 15 square kilometers and expanded
to 120.56 square kilometers by 2021. With one side adjacent to Hong Kong and the
other to the 100-kilometer "Golden Inner Bay" around the Pearl River Estuary,
Qianhai boasts a unique geographical advantage. This year marks the fifth
anniversary of the release of the Outline Development Plan for the Guangdong-
Hong Kong-Macao Greater Bay Area (GBA). As the construction of the GBA speeds
up, Qianhai has played an increasingly important role in deepening the
cooperation of Shenzhen and Hong Kong.
Over the years, Qianhai has continuously contributed to expanding the market and
broadening economic development space for Hong Kong. According to the data
released by Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry
Cooperation Zone, to date, more than 10,000 Hong Kong residents are employed and
reside in Qianhai. It is also home to 9,055 registered Hong Kong enterprises
with a total registered capital of 946.947 billion yuan. Numerous Hong Kong
people and enterprises have witnessed Qianhai's "Shenzhen speed" in
supporting Hong Kong's integration into the national development. For example,
the "Qianhai Hong Kong Enterprise Loan" has been launched, and 23 categories of
professionals from Hong Kong and Macao can practice in Qianhai after
registration. The pioneering "Hong Kong Jurors" and "Hong Kong
Mediators" systems aim to enhance the openness of legal affairs and the
alignment of cross-border commercial laws. The Qianhai Hong Kong Youth
Development Center has been put into service, and the Qianhai Shenzhen-Hong Kong
Youth Innovation and Entrepreneur Hub has continuously upgraded its
functions. Moreover, a cross-border bus service from Qianhai to Hong Kong is
available, allowing visitors to travel from the Shenzhen Bay Port to Hong
Kong after a transfer. These supportive policies and innovative systems attract
Hong Kong residents to settle in Qianhai and encourage Hong Kong enterprises to
invest and develop their businesses here.
Currently, Hong Kong and Qianhai are forging closer ties in more areas. For
example, 49 of the 199 newly-appointed people's assessors at the Qianhai Court
are from Hong Kong. Additionally, 691 of the 1,195 startup teams incubated at
the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub are from
Hong Kong. Around 30% of the 155 enterprise engineering centers, engineering
laboratories, and other innovation platforms in Qianhai are jointly built by
Hong Kong-funded enterprises.
"Qianhai brings together the talent, policies, capital, and market we need for
our startup. Its proximity and cultural similarities allow us to establish our
business more quickly," said Yu Guangtao, founder of Inspro Science, in an
interview with the media. "After three years of development in Qianhai, we have
over ten patents, and our revenue is expected to exceed 10 million yuan this
year," he added.
With the release of the Overall Development Plan for the Qianhai Shenzhen-Hong
Kong Modern Service Industry Cooperation Zone in December 2023, Qianhai has
entered a new phase of development. Looking ahead, Qianhai will further achieve
connectivity in infrastructure and public services, enhance the openness
of factors such as the business environment and talent recruitment, and create a
high-quality hub for the development of the modern service industry together
with Hong Kong.
Source: Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry
Cooperation Zone
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