The appeal of Qianhai, Shenzhen to global investment is seeing further 
advancements. During the 2023 Qianhai Global Investment Promotion and Talent 
Conference, PricewaterhouseCoopers unveiled the Annual Doing Business Blue 
Paper for Qianhai Cooperation Zone 2023 (the "Blue Paper"), which pointed out 
Qianhai's exceptional overall business environment and the significant progress 
made in the Shenzhen-Hong Kong integration, essentially achieving the goal of 
"the business environment being globally competitive by 2025" set in the Plan 
for Comprehensive Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong 
Kong Modern Service Industry Cooperation Zone (the "Qianhai Plan").

The Blue Paper highlighted Qianhai's advancements in various aspects of the 
business environment. For example, regulations of the Shenzhen-Hong Kong Modern 
Service Industry Cooperation Zone on investor protection have been introduced 
to enhance the protection of investors' rights and interests. The Shenzhen-Hong 
Kong International Legal Affairs Zone has been created, the Guangdong-Hong 
Kong-Macao Greater Bay Area International Arbitration Center has been 
established, and seven Guangdong-Hong Kong-Macao associations of law firms have 
been founded in the Qianhai Cooperation Zone. The General Administration of 
Customs has issued 18 measures to facilitate the coordination of inspection and 
supervision rules between Shenzhen and Hong Kong. This move promotes the port 
combination of the Guangdong-Hong Kong-Macao Greater Bay Area to "operate as a 
single port" and implement "one inspection and one certification for all 
access." According to the Blue Paper, Qianhai will build a business environment 
that prioritizes market orientation, the rule of law, and internationalization, 
moving faster to reach the world-class level.

In order to continuously promote a high-quality business environment, Qianhai 
empowers talent introduction to furnish intellectual support for global 
enterprises, according to Authority of Qianhai Shenzhen-Hong Kong Modern 
Service Industry Cooperation Zone.

The Qianhai Administration Bureau, in partnership with Elsevier, the University 
of Hong Kong (HKU), the China Europe International Business School, and other 
organizations, has initiated the Global Scientists Sabbatical Leave Program. 
The program aims at the key areas and strategic directions of global and 
national innovation development and creates an innovative platform where top 
scientists can exchange academic views and share frontier information. In this 
way, it encourages many scientists with global influence and expertise in core 
technologies in key areas to set up R&D centers in Qianhai and launch 
industrial transformation for their projects. 

Since the release of the Qianhai Plan, Qianhai has increased collaboration with 
Hong Kong's higher education institutions to establish new R&D facilities and 
other international talent vehicles and platforms in various forms in the 
Qianhai Cooperation Zone. 

Meanwhile, Qianhai has released In Qianhai, a one-stop website for 
comprehensive talent services, which provides internationalized services 
throughout the ecosystem and chain for talented individuals relocating to 
China. It offers scenario-based online service functions for employment, 
entrepreneurship, living, and learning support, among other modules.

Furthermore, to provide global enterprises with a larger development platform, 
Qianhai has expanded its original Six Agglomerations (venture capital, natural 
gas trade, financial leasing, cross-border e-commerce, tax-related services, 
and high-end thinktanks) and launched the New Six Agglomerations: artificial 
intelligence, supply chains, integrated circuits, offshore engineering 
equipment, shipping services, and international consulting. Together, they 
create a new "6+6" spatial pattern of industrial agglomerations.

Analysts said that the multi-dimensional support will bring Qianhai's business 
environment to a higher level and make Qianhai more appealing to global 
enterprises.

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