Qianhai’s "double expansion" drives deep integration development

Figure 1 Qianhai’s fair and open platform constantly stimulates the vitality of innovation and entrepreneurship. The picture shows Shenzhen Happy Harbor. (data picture)
Figure ② Reform and innovation promote Qianhai’s business environment to the international first-class level. The picture shows Shenzhen Qianhai Comprehensive Bonded Zone. (data picture)
In September 2021, the Plan for Comprehensively Deepening the Reform and Opening-up of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as the "Qianhai Plan") was released, and Qianhai ushered in the "double expansion" of physical space and policy space. Over the past year, a number of reform and innovation measures in Qianhai have been implemented. Mawan Port, the first 5G smart port in Greater Bay Area, was opened for operation, with 98 innovative carriers such as engineering centers and engineering laboratories. The "Qianhai Hong Kong and Macao e-Station Link" realized that Hong Kong investors could handle Qianhai business in one stop without leaving Hong Kong, and the first batch of "Cross-border Wealth Management Link" business in Greater Bay Area was implemented, and the scope of filing and practice of Hong Kong and Macao professionals was expanded to 16 categories.
The data shows that in 2021, Qianhai achieved a regional GDP of 175.567 billion yuan, a year-on-year increase of 10.5%; The actual use of foreign capital was US$ 5.822 billion, up 14.9% year-on-year; The total import and export volume of the customs area was 1.74 trillion yuan, an increase of 20.3%. From January to June this year, the actually used foreign capital was US$ 3.533 billion, an increase of 17.4%.
Strong momentum of reform and innovation
Cross-border e-commerce is booming, the three-dimensional logistics of "land, sea, air, rail and mail" promotes the free flow of various elements, and the leading enterprises of information and communication technology (ICT) are gathering & HELIP; … In Qianhai, a hot spot of reform, the industrial cluster effect is prominent.
Logistics performance is one of the core competitiveness of the rapid development of Qianhai Comprehensive Insurance Zone. Molinhu, head of the first section of Qianhai Supervision of Shekou Customs, introduced that in recent years, Shenzhen Customs has successively launched innovative measures such as "MCC Qianhai" and "Global Central Warehouse" relying on Qianhai Shekou Free Trade Zone, and it has become normal for all kinds of goods to complete distribution, consolidation, transshipment and customs clearance in one stop in the comprehensive insurance zone. Up to now, more than 28,000 containers with a value of 23.68 billion yuan have been distributed to the world by sea in Qianhai. A total of 89,000 tons of air cargo worth 55.17 billion yuan was sent out in Qianhai.
Innovate the format, strengthen the main body and activate the new kinetic energy of foreign trade growth. Up to now, Qianhai has launched a total of 725 innovations and replicated and promoted 65 in the country. 2021&mdash issued by the Comprehensive Research Institute of Free Trade Zone of Sun Yat-sen University; The institutional innovation index of China Pilot Free Trade Zone in 2022 shows that Qianhai ranks first.
Reform and innovation are pushing the business environment of Qianhai to the international first-class level. Qianhai has established industrial support policies covering the whole chain of financial services, professional services, trade logistics, industrial agglomeration, etc. The pilot projects of foreign-invested equity investment enterprises and qualified domestic investors for overseas investment have been steadily promoted, the regulations on investor protection in Qianhai Cooperation Zone have entered the legislative process, and the preferential list of preferential policies for enterprise income tax in Qianhai has been expanded to 30 items in five categories. Increase investment in hardware carriers, and several major platforms such as Qianhai Shenzhen-Hong Kong International Legal Affairs Zone, Qianhai International Talent Port, Qianhai Shenzhen-Hong Kong International Financial City and Guangdong-Hong Kong-Macao Greater Bay Area International Arbitration Center have successively landed.
Qianhai has cultivated 19 national "little giant" enterprises and 74 provincial "specialized and innovative" SMEs. In 2021, the added value of strategic emerging industries in Qianhai was 71.507 billion yuan, an increase of 10.5%; Five high-tech enterprises in Qianhai were listed in the list of "Unicorn" of Great Wall Strategy in 2021, accounting for 40.7% of the total valuation of "Unicorn" enterprises in Greater Bay Area.
Expand financial opening to the outside world
"Building a high-level gateway hub for opening to the outside world" is Qianhai’s strategic goal and mission. The construction of an international trading center for electronic components and integrated circuits has been accelerated. Seven of the 15 Guangdong, Hong Kong and Macao law firms have settled in Qianhai, and the new arbitrator of Shenzhen International Arbitration Court covers 114 countries and regions … … Over the past year, Qianhai has always insisted on promoting higher quality development at a higher level, and made efforts in deepening the liberalization of service trade with Hong Kong and Macao, expanding financial opening up, improving the level of legal affairs opening up, and participating in international cooperation.
It is worth noting that the financial industry, as one of the pillar industries in Qianhai, ran out of the "acceleration" of opening up. In order to further promote the joint development of Shenzhen-Hong Kong venture capital and serve the scientific and technological innovation cooperation between Shenzhen and Hong Kong, on September 2, the Eighteen Measures of Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government of Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration on Supporting the Joint Development of Shenzhen-Hong Kong Venture Capital were released simultaneously in Shenzhen and Hong Kong. The two sides will promote the convergence of pilot rules and mechanisms between Hong Kong Limited Partnership Fund (LPF) and Qianhai Foreign-invested Equity Investment Enterprise (QFLP), support Qianhai venture capital institutions to cooperate with Hong Kong LPF to develop overseas business, optimize the pilot work of Qianhai QFLP, and launch pragmatic measures such as optimizing access threshold, broadening investment scope and flexibly allocating projects.
In addition, a series of financial innovation policies have been accelerated in Qianhai, such as the first batch of domestic and foreign currency integrated bank accounts in China, the first batch of local and foreign currency integrated fund pool business of multinational companies and the first batch of "cross-border wealth management" business in Greater Bay Area. The scale of cross-border equity investment management exceeds 40 billion yuan; More than 200 financial institutions have signed contracts to settle in Qianhai Shenzhen-Hong Kong International Financial City, of which 30% are Hong Kong-funded and foreign-funded institutions, and they have taken the lead in launching pilot commercial registration of contractual private equity funds in China.
On June 24th, with the approval of China Banking and Insurance Regulatory Commission, China, Dah Sing Bank will set up a Shenzhen branch in Qianhai on the basis of its existing corporate subsidiaries, becoming the first overseas bank with "double licenses" approved for establishment in China. Wang Zuxing, director and general manager of Daxin Bank, said that Qianhai is building Shenzhen-Hong Kong International Financial City to a high standard, which is an important reason why Daxin Bank chose to settle Shenzhen Branch in Qianhai.
Stimulate the vitality of innovation and entrepreneurship
"The land under my feet is the happy harbor where I participated in the design." Sitting on the ferris wheel of Shenzhen Qianhai’s new landmark "Light of the Bay Area", Lu Dawen, the founder of Hong Kong Huichuang International Architectural Design Co., Ltd., said that Qianhai has a fair and open platform and regional co-ordination of resources, which provides architects with a good creative environment to show their talents.
Facing the sea breeze and looking in the direction pointed out by Lu Dawen, the "expanded" Qianhai Park is like two wings, connecting high-rise buildings, ports and stretches of coastline.
"Now every week, Hong Kong colleagues call me to ask about the situation in Qianhai and want to participate in the construction of Greater Bay Area." Lu Dawen said that since the implementation of the "Qianhai Plan" for one year, Hong Kong people who started businesses in Qianhai have felt the tangible convenience brought by the reform. Liu Jia, a Hong Kong youth who has been rooted in Qianhai for nearly ten years, co-founded Chuangbohui (Shenzhen) Incubation Co., Ltd. with the founder team in 2018, focusing on the cultivation and incubation of young entrepreneurial teams in Hong Kong, Macao and Taiwan, and providing entrepreneurs with all-round professional guidance and services.
"In the past ten years, I have not only witnessed Qianhai’s transformation from a beach to a hot spot for high-rise entrepreneurship, but my identity has also changed three times, from the initial role of an employee to an entrepreneur, and then to an entrepreneur’s helper. I believe that in the next five to seven years, Qianhai will become a world-class economic development highland. " Liu Jia said.
In August 2015, Zhao Junjian, who was also attracted by the preferential policies of Qianhai, founded Shenzhen Craftsman Society Technology Co., Ltd. Zhao Junjian said that the company has expanded from a small team of several people to nearly 70 people, and the self-developed consumer-grade competitive robots have achieved mass production. The experience store covers more than 300 cities, and the revenue scale has increased by more than 10 times.
"As ‘ Special zones in special zones ’ The relationship and cooperation between Qianhai and Hong Kong are getting closer and closer, which plays an important role in supporting Hong Kong’s integration into the national development strategy and boosting the coordinated development of Greater Bay Area. " Li Xiang, a researcher at the 21st Century China Research Center of Harbin Institute of Technology (Shenzhen), said that Qianhai’s focus on "expanding areas" and "reform and opening up" has promoted the deep integration and development of Guangdong, Hong Kong and Macao. (Economic Daily reporter Yang Yangteng)































