Page 436 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
strategy to further integrate their resources and Free Trade Zone Shenzhen Qianhai & Shekou
gather global high-end resources; (iii) prioritizing Area and Qianhai Shenzhen-Hong Kong Modern
finance, modern logistics, information services, Service Industry Cooperation Zone 2019 Business
science and technology services, professional Environment Reform Action Plan", which focuses
services, port services, shipping services and on deepening reform of the commercial system,
other strategic emerging service industries in effectively improve the financing environment
order to facilitate the economic integration and for enterprises, and increasing protection for
development of Shenzhen and Hong Kong; and enterprises and small and medium investors.
(iv) developing the Qianhai and Shekou Areas into On August 2, 2019, the Shenzhen Municipal
important producer service centers of the Asia- Administration of Foreign Exchange issued
Pacific region as well as a significant base for global the “Detailed Implementation Rules for the
services trade and an international hub port. Pilot Implementation of Foreign Exchange
Management Reform in Shenzhen Qianhai and
The industrial forms of the three functional Shekou areas of the China (Guangdong) Pilot Free
zones emphasize different aspects. Trade Pilot Zone”, which focus on expanding the
scope of the pilot facilitation of foreign exchange
- The Qianhai Financial Business Zone: Mainly income payments for capital projects, allowing
undertakes the function of trade in services by: (i) capital account foreign exchange income access
prioritizing finance, information services, scientific to domestic equity investment, expanding
and technological services and professional services; cross-border financing options, and promoting
and (ii) building a pilot and demonstration window investment facilitation.
for China’s financial industry to open up to the
outside world and as an important producer service In the first half of 2019, the main economic
center in the Asia-Pacific region. indicators of the Qianhai and Shekou Areas of
Shenzhen grew rapidly, achieving 19.3% growth in
- The Western Shenzhen Port Zone: Prioritizes registered added value, 23.2% growth in fixed asset
port logistics, international trade, supply chain investment, 12.1% growth in actual utilization of
management and high-end shipping services while foreign investment, and 10.1% growth in imports
undertaking the function of trade in goods, and and exports from January to May. Quality and
building an international hub port. efficiency have continued to improve. In terms of
institutional innovation, as of April 2019, the district
- The Shekou Business Zone: Prioritizes has launched a total of 442 institutional innovations
new services such as network information, since its establishment. In terms of foreign trade,
scientific and technological services and culture the district has built a “new logistics” center in
creativity, and forms an industrial linkage and the Guangdong-Hong Kong-Macao Greater Bay
complementary advantages with the Qianhai Area. Area and has been established as an international
shipping transit point. A total of more than 980 tons
The Qianhai Shenzhen-Hong Kong Cooperation of goods were imported and exported, with a value
Zone overlaps with the functions and policies of of over Rmb3 billion.
pilot free trade zones and follows the “three zones”
model of “Cooperation Zone + Pilot Free Trade Hengqin New Area of Zhuhai
Zone + Bonded Port Area”. These policies include
those shared by pilot free trade zones in Mainland On April 23, 2015, the Hengqin Pilot Free
China and also policies unique to the Qianhai Trade Zone was officially established. The
Cooperation Zone, such as a reduced corporate strategic positioning of the Hengqin New Area
income tax of 15%, preferential individual income of Zhuhai is to: (i) prioritize tourism, leisure
tax and other tax policies. The comparative and health, business financial services, culture,
advantages are more prominent. science, education, high-tech and other
industries; (ii) to establish an open area which
On July 31, 2019, the Qianhai Administration leads cultural and education services, and a
of Shenzhen issued the "China (Guangdong) Pilot leisure and recreation base for international
436
strategy to further integrate their resources and Free Trade Zone Shenzhen Qianhai & Shekou
gather global high-end resources; (iii) prioritizing Area and Qianhai Shenzhen-Hong Kong Modern
finance, modern logistics, information services, Service Industry Cooperation Zone 2019 Business
science and technology services, professional Environment Reform Action Plan", which focuses
services, port services, shipping services and on deepening reform of the commercial system,
other strategic emerging service industries in effectively improve the financing environment
order to facilitate the economic integration and for enterprises, and increasing protection for
development of Shenzhen and Hong Kong; and enterprises and small and medium investors.
(iv) developing the Qianhai and Shekou Areas into On August 2, 2019, the Shenzhen Municipal
important producer service centers of the Asia- Administration of Foreign Exchange issued
Pacific region as well as a significant base for global the “Detailed Implementation Rules for the
services trade and an international hub port. Pilot Implementation of Foreign Exchange
Management Reform in Shenzhen Qianhai and
The industrial forms of the three functional Shekou areas of the China (Guangdong) Pilot Free
zones emphasize different aspects. Trade Pilot Zone”, which focus on expanding the
scope of the pilot facilitation of foreign exchange
- The Qianhai Financial Business Zone: Mainly income payments for capital projects, allowing
undertakes the function of trade in services by: (i) capital account foreign exchange income access
prioritizing finance, information services, scientific to domestic equity investment, expanding
and technological services and professional services; cross-border financing options, and promoting
and (ii) building a pilot and demonstration window investment facilitation.
for China’s financial industry to open up to the
outside world and as an important producer service In the first half of 2019, the main economic
center in the Asia-Pacific region. indicators of the Qianhai and Shekou Areas of
Shenzhen grew rapidly, achieving 19.3% growth in
- The Western Shenzhen Port Zone: Prioritizes registered added value, 23.2% growth in fixed asset
port logistics, international trade, supply chain investment, 12.1% growth in actual utilization of
management and high-end shipping services while foreign investment, and 10.1% growth in imports
undertaking the function of trade in goods, and and exports from January to May. Quality and
building an international hub port. efficiency have continued to improve. In terms of
institutional innovation, as of April 2019, the district
- The Shekou Business Zone: Prioritizes has launched a total of 442 institutional innovations
new services such as network information, since its establishment. In terms of foreign trade,
scientific and technological services and culture the district has built a “new logistics” center in
creativity, and forms an industrial linkage and the Guangdong-Hong Kong-Macao Greater Bay
complementary advantages with the Qianhai Area. Area and has been established as an international
shipping transit point. A total of more than 980 tons
The Qianhai Shenzhen-Hong Kong Cooperation of goods were imported and exported, with a value
Zone overlaps with the functions and policies of of over Rmb3 billion.
pilot free trade zones and follows the “three zones”
model of “Cooperation Zone + Pilot Free Trade Hengqin New Area of Zhuhai
Zone + Bonded Port Area”. These policies include
those shared by pilot free trade zones in Mainland On April 23, 2015, the Hengqin Pilot Free
China and also policies unique to the Qianhai Trade Zone was officially established. The
Cooperation Zone, such as a reduced corporate strategic positioning of the Hengqin New Area
income tax of 15%, preferential individual income of Zhuhai is to: (i) prioritize tourism, leisure
tax and other tax policies. The comparative and health, business financial services, culture,
advantages are more prominent. science, education, high-tech and other
industries; (ii) to establish an open area which
On July 31, 2019, the Qianhai Administration leads cultural and education services, and a
of Shenzhen issued the "China (Guangdong) Pilot leisure and recreation base for international
436
