In the Qianhai Investment Annual Conference held on November 19, 2021, 30 key 
projects from home and abroad were signed, with 10 significant projects 
intended to invest in Qianhai. More and more projects have been attracted to 
Qianhai this year.

According to the Plan for Comprehensive Deepening Reform and Opening Up of the 
Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai 
Plan) promulgated in September this year, the area of the Qianhai Shenzhen-Hong 
Kong Modern Service Industry Cooperation Zone will be increased significantly 
from 14.92 sq km to 120.56 sq km. 

Next, Qianhai will focus on fostering a world-class business environment with 
effective measures. With an innovation-driven development pattern, the 
cooperation zone will be developed into a testing ground for in-depth reform 
and higher-level opening-up.

The expansion of the Qianhai Cooperation Zone creates more room for the city's 
development and equips it with core development elements of the International 
Bay Area, including an airport hub, harbor hub, convention and exhibition 
business, modern services, for example. 

Wang is the Deputy General Manager of Ledi Culture, a Hong Kong enterprise 
focusing on indoor amusement, with over 200 stores across China. In May this 
year, the company moved to Qianhai Shimao Tower, where the Qianhai 
Shenzhen-Hong Kong Professional Services Cluster stands. In his opinion, 
companies will have more opportunities for interconnected development and 
deepened cooperation between Hong Kong and Shenzhen.

Ledi Culture is not the only Hong Kong enterprise attracted to settle in 
Qianhai. According to Authority of Qianhai Shenzhen-Hong Kong Modern Service 
Industry Cooperation Zone, currently, over 11700 Hong Kong-invested enterprises 
have registered here, most of which are in modern service industries, including 
financial services, modern logistics, information services, technological 
services and professional services.

Efficient and convenient government services in Qianhai left a great impression 
on enterprises. It takes only about one minute to process an application to 
register a domestically funded company with limited liability, and the one-stop 
service takes care of all business registration-related affairs at the Qianhai 
Electronic One-stop Service Center. 

"As the hub of connection between Shenzhen and Hong Kong, Qianhai is very 
friendly to international enterprises. It's very convenient," Tian Zenmin put 
it. He is the Deputy General Manager of CREPT, one of the representative 
signing companies at the conference.

Louis Sun, Head of the KPMG Digital Ignition Centre, one of the companies that 
set its Greater Bay Area branch in Qianhai, believes that Qianhai Cooperation 
Zone has more space for growth after the expansion. It will better connect with 
Hong Kong and Macao and align with international practices, which greatly 
benefits their business expansion in the Greater Bay Area and abroad. The 
number of employees has increased from 20 to over 70 in the past few months.

Sun said, "Developing in Qianhai not only can close our distance with Hong Kong 
in space and time, enabling us to better service our customers there, but also 
can attract talents from Hong Kong and Macao to join us and therefore supports 
the long-term development of our Hong Kong's business."

"Transparency and standardization are what Qianhai's business environment 
impressed me most," added Sun. According to PricewaterhouseCoopers's appraisal, 
if participating in the ranking as an independent economy referring to the 
Doing Business Report released by the World Bank Group, Qianhai's rank has 
risen from 51st to 22nd since 2017. It indicates that the business environment 
in Qianhai continues to optimize towards the world-class standard.

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