The 2022 Qianhai Global Investment Promotion Conference commenced in Shenzhen, 
China on November 8. At the conference, Qianhai Global Service Providers (QGSP) 
Program was launched, where a wide range of incentives will be provided to 
support service industries. According to the Authority of Qianhai, it will 
render an industrial support fund of no less than one billion yuan and an 
industrial space of over 200,000 square kilometers every year. By 2025, it will 
have more than 300 modern service providers around the world and achieve an 
added value of over 100 billion yuan in the modern service sector.

As Qianhai's business environment continues to optimize, more and more 
enterprises have noticed the improvement and considered the area as an ideal 
business destination. "The number of PE firms establishing new offices in 
Qianhai has risen sharply. As a result, we have been able to communicate with 
our clients and partners more frequently, conveniently, and efficiently than 
ever before," a representative from SC Ventures said in an interview. "We 
notice that many start-up teams from Hong Kong, Macao, and overseas have been 
attracted to Qianhai, especially by its perfect office and living conditions, 
excellent conditions for science and technology innovation, and fair market 
opportunities. This gives us an opportunity to get closer to more outstanding 
start-up teams."

Qianhai has fostered a full-fledged, multi-level professional judicial system 
to settle disputes in business, finance, intellectual property, and other 
important areas. It has also been exploring an innovative mediation process 
that combines international commercial mediation with foreign law 
ascertainment. The Shenzhen Qianhai International Commercial Mediation Center 
and Benchmark Chambers International & Benchmark International Mediation Center 
were established specifically for this purpose.

To satisfy businesses' urgent demand for talent, Qianhai developed the 
International Talent Hub and International Talent One-stop Service Center, and 
enabled qualified professionals from Hong Kong and Macao in 16 categories like 
construction engineering and taxation to register to practice in Qianhai. In 
addition, Qianhai provides integrated services for international talent, which 
cover 451 items including government services, business services, etc. It also 
offers customized services for six types of talent occupations, such as leading 
scientists and technologists.

By deepening reforms in simplifying investment and trade, accelerating 
innovations in finance and legalization, and developing pilot programs in 
talent management, Qianhai has become a fertile ground for investment and 
business ventures.

The representative from SC Ventures added, "Qianhai offers exceptional policies 
to support QFLP enterprises in such areas as business establishment, market 
access, investment scope, foreign exchange settlement, and efficient customs 
clearance. Therefore, with the help of Qianhai's competent departments, 
everything went smoothly in setting up a QFLP management company."

Owen Wang, vice president of Operations of LF Logistics who has been engaged in 
logistics in Qianhai for years, stated, "Thanks to the support of Customs and 
Qianhai Authority, LF Logistics has witnessed its revenue double almost each 
year since joining the Qianhai Free Trade Zone in 2015."

Liu Guilin, deputy director-general of Qianhai Authority, underscored that 
Qianhai will continue to promote the attraction of talent and investment well 
into the future in order to encourage professionals and experts from all over 
the world to establish businesses here. As a result, Qianhai will provide 
comprehensive support for talent development and actively create huge 
opportunities for business growth.

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