Qianhai’s dynamism and openness make it the ideal business environment for international companies

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Shenzhen, china, 22 November 2021 / PRNewswire / – At the Qianhai Annual Investment Conference held on November 19, 2021, 30 domestic and foreign key projects were signed, with 10 major projects intended to invest in Qianhai. More and more projects have been attracted to Qianhai this year.

According to the plan for the comprehensive deepening of the reform and opening of the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone (Qianhai Plan) promulgated in September this year, the area of ​​the cooperation zone for the modern service industry Qianhai Shenzhen-Hong Kong will be expanded. significantly from 14.92 km² to 120.56 km².

Next, Qianhai will focus on promoting a world-class business environment with effective measures. With an innovation-driven development model, the cooperation area will be developed into a testing ground for deep reform and higher-level opening.

The expansion of the Qianhai Cooperation Zone creates more space for the city’s development and equips it with essential development elements of the International Bay Area, including an airport hub, a port hub, convention and exhibition centers, modern services, for example.

Wang is the deputy general manager of Ledi Culture, a Hong Kong company focused on indoor entertainment, with more than 200 stores across China. In May this year, the company moved to Qianhai Shimao Tower, where Qianhai Shenzhen-Hong Kong Professional Services Cluster is located. According to him, companies will have more opportunities for interconnected development and deep cooperation between Hong Kong and Shenzhen.

Ledi Culture is not the only one Hong Kong company attracted to settle in Qianhai. According to the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Authority, currently, more than 11,700 Hong Kong-invested enterprises have registered here, most of which are in modern service industries, including financial services, modern logistics, information services, technology services and professional services.

Efficient and convenient government services in Qianhai have left a great impression on businesses. It only takes about a minute to process an application for registration of a limited liability company with domestic capital, and the one-stop service takes care of all business registration related matters at the service center. Qianhai electronic one-stop-shop.

“As a hub of the connection between Shenzhen and Hong Kong, Qianhai is very friendly with international companies. It’s very convenient, ”Tian Zenmin said. He is Deputy Director General of CREPT, one of the signatory companies representing the conference.

Louis sun, director of KPMG Digital Ignition Center, one of the companies that established its Great Bay area branch in Qianhai, believes that the Qianhai cooperation area has more room for growth after the expansion. He will be better connected with Hong Kong and Macau and align with international practices, which greatly benefits their commercial expansion in the Grande Baie region and abroad. The number of employees has grown from 20 to over 70 in recent months.

Sun said, “The development in Qianhai can not only reduce our distance with Hong Kong in space and time, allowing us to better serve our customers, but also to attract talent from Hong Kong and Macau join us and thus support the long-term development of our that of Hong Kong Business.”

“Transparency and standardization is what Qianhai’s business environment has impressed me the most,” Sun added. According to PricewaterhouseCoopers’ assessment, if it participates in the ranking as an independent economy referring to the Doing Business report published by the World Bank Group, Qianhai’s rank has dropped from 51st to 22nd since 2017. This indicates as the business environment in Qianhai continues to optimize towards the world-class standard.

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SOURCE Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone Authority

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