Country for PR: China
Contributor: Xinhua News Agency
Thursday, November 10 2022 - 16:09
AsiaNet
Qianhai welcomes global businesses with upgraded incentives
SHENZHEN, China, Nov. 9, 2022 /Xinhua-AsiaNet/--

With deepening reform and an improving business environment, Qianhai has once 
again attracted the attention of global businesses and investors. At the 2022 
Qianhai Global Investment Promotion Conference held on the afternoon of 
November 8, a number of Fortune 500 companies, Hong Kong businesses, 
state-owned enterprises, and other industrial bellwethers signed agreements to 
set up offices in Qianhai. The total investment has exceeded 120 billion yuan 
this year, according to the Authority of Qianhai. This has fully demonstrated 
the conference theme "Invest in Qianhai, Building a Winning Future", along with 
the economic vitality, policy appeal, and driving forces of innovation in 
Qianhai.

After continuous institutional innovations, the business environment in Qianhai 
has been acknowledged by business entities worldwide. "Qianhai not only 
possesses a superior talent pool, but also provides companies with 
comprehensive support," said Zhang Yangqing, General Manager of Merchants Union 
Consumer Finance Co., Ltd. "There's no better place than Qianhai with regards 
to Shenzhen-Hong Kong cooperation," stated Dr. Sunny Siu, a Hong Kong 
entrepreneur and founder of Jaguar Micro. 

Alvin Zhong, Managing Director of Colliers Shenzhen, commented in an interview, 
"Qianhai has one of the top business environments around the globe. Qianhai's 
policies, services, market, and prospects are meaningful to companies' future 
business plans."

According to the Institutional Innovation Index for China Pilot Free Trade 
Zones released by Sun Yat-sen University, Qianhai ranks first in the country in 
terms of system innovation. Furthermore, a third-party assessment by Deloitte 
also shows that Qianhai is a global leader in such parameters as starting a 
business and access to electricity.

As a reform pioneer, Qianhai has never stopped making progress. At the 
conference, the Qianhai Global Service Providers (QGSP) Program was launched to 
actively attract and cultivate national top 20 or global top 50 businesses in 
eight fields, including modern finance, business & trade, logistics, 
information services, etc. The goal of the program is to build a cluster of 
global service providers with the world's top 500 headquarters companies as the 
pillars and SME industry leaders in specialized fields as the main body.

Qianhai vows to render these businesses an industrial space of over 200,000 
square kilometers every year. Its goal is to introduce or foster more than 300 
modern service providers from around the world and achieve an added value of 
over 100 billion yuan in the modern service sector by 2025. Qianhai will make 
every effort to build a core engine for the modern service industry in the 
Greater Bay Area and become an important producer service center in the 
Asia-Pacific region.

At the conference, Qianhai extended its invitation to global service providers 
in eight fields.

Companies in Qianhai have already felt the zone's passion for promoting 
investment. "This year, we officially moved our office back to Qianhai," said 
Zhou Xiangdong, Chief Financial Officer and Board Director of Shenzhen Hive Box 
Technology Co., Ltd. "On the basis of what Shenzhen provides, Qianhai offers 
more support for businesses."

Wang Peiying, founder of DVF Private Equity Fund Management Co. Ltd., stated, 
"Seeing that a number of international financial companies are thriving in 
Qianhai, DVF also intends to settle here as soon as possible."

According to its plan, Qianhai will also create a series of clusters, featuring 
venture capital investment, natural gas trading, cross-border e-commerce, and 
tax services.

"Qianhai is wide open, equipped with a global platform that facilitates insight 
and information exchange. It will become a hub for specialized service 
industries in the future," Alvin Zhong added. "Qianhai is undoubtedly a 
desirable destination for doing business."

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