Digital trade is one of the significant trends in global economic development 
and a new focus for the economic development of China.The General Office of the 
People's Government of Guangdong Province recently released the Notice on the 
Issuance of the Three-Year Action Plan for the Construction of the "Digital Bay 
Area", which mentions that the cooperation platform of the Qianhai 
Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be fully 
utilized for trial and pilot implementation and that the in-depth integration 
of economic development, public services, and social governance among 
Guangdong, Hong Kong, and Macao will be promoted through digitalization.

Qianhai of Shenzhen intensively deploys digital economic industries. Theare has 
a solid foundation in the fields of the information industry and 
digitalization. Meanwhile, Qianhai's well-developed information industry and 
various digitalization applications also have a strong demand for new 
infrastructures such as clouds and networks. The area is actively promoting the 
construction of new trial Internet Exchange Points to facilitate the 
interconnectivity of information infrastructures in the Guangdong-Hong 
Kong-Macao Greater Bay Area, according to Authority of Qianhai Shenzhen-Hong 
Kong Modern Service Industry Cooperation Zone.

The EY Greater Bay Area Center of Excellence was officially established in 
Qianhai in April 2023 with three major functional areas: a technology 
interaction and exhibition zone, a technology application and R&D zone, and the 
Cybersecurity Center. William Huang, the Managing Partner of EY China South, 
said in an interview that EY hopes to accelerate the development of scientific 
and technological innovation and research and development with Qianhai as an 
important hub so as to help enterprises in the Greater Bay Area carry out 
digital transformation and accelerate the incubation of innovative enterprises, 
as well as to provide the industry's leading cybersecurity management and 
operation services.

Qianhai has been at the forefront of building intelligent industries and 
digitizing industrial parks. Recently, the first application project of 
"Shenzhen-Hong Kong + Intelligent Park Comprehensive Service Platform" - 
Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub was awarded 
the "2023 China Leading Intelligent Industrial Park Digital Innovation Award".

Currently, various functional modules of the Shenzhen-Hong Kong + Intelligent 
Park Comprehensive Service Platform are available and running stably in a 
number of park projects, such as the central and north areas of Qianhai 
Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub, Qianhai Towers, 
Qianhai Comprehensive Bonded Zone, International Talent Hub, International 
Legal Affairs Zone, LonghaiHome Community, Tanglangcheng Talent Housing, 
Qianhai Builders Park, and Youth Apartments, effectively supporting the 
intelligent upgrading of the operation services of the industrial spaces under 
various bureaus in Qianhai.

It is estimated that Qianhai has played an important part in grooming the 
next-generation network infrastructure, emerging business models of 
cross-border e-commerce, big data platforms for cross-border trade, and digital 
value-added services. The area is also promoting a series of digital reform 
measures on the basis of the existing excellent business environment, giving 
new momentum to its leading demonstration in supporting the development of 
trade.

117 leading cross-border e-commerce companies have settled in Qianhai with the 
help of digitalization. Last year, the import and export value of cross-border 
e-commerce in Qianhai reached 38.2 billion yuan, a year-on-year increase of 
178.8%. The import and export value of cross-border e-commerce from January to 
June this year reached 20.51 billion yuan, a year-on-year increase of nearly 
five times.

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