Page 140 - 2022 Special Report on the State of Business in South China
P. 140
On 6 September 2021, The Plan for
Comprehensive Deepening Reform & Opening-up
of the Qianhai Shenzhen-Hong Kong Modern Service
Industry Co-operation Zone was promulgated.
The total area of the cooperation zone will be
expanded to 120.6 square kilometers. The new
plan is a powerful thruster of the regional economic
integration of the GBA. It also emphasizes on
bringing Hong Kong’s advantages into full play and
will deepen opening-up in areas such as services
trade, finance and legal affairs in the zone, offering
huge opportunities for Hong Kong’s development.
Under this new plan, Qianhai will boost world class
business environment and be expected to establish
a higher-level open economy with strong capability
in global resource allocation, breeding innovation
and leading coordinated development109.
Summary
As an economy with the highest degree of
freedom, Hong Kong will consolidate and enhance
its position as a business hub in international
finance, shipping and trade, and adhere to the
liberalization of trade and investment. Hong Kong
will focus on advancing the development of finance,
commerce, trade, logistics and professional
services towards high-end and high value-added.
In addition, Hong Kong will proactively promote the
development of the GBA.
109 Shenzhen Government Online, http://www.
sz.gov.cn/en_szgov/news/infocus/Qianhai/news/con-
tent/post_9109705.html
140
Comprehensive Deepening Reform & Opening-up
of the Qianhai Shenzhen-Hong Kong Modern Service
Industry Co-operation Zone was promulgated.
The total area of the cooperation zone will be
expanded to 120.6 square kilometers. The new
plan is a powerful thruster of the regional economic
integration of the GBA. It also emphasizes on
bringing Hong Kong’s advantages into full play and
will deepen opening-up in areas such as services
trade, finance and legal affairs in the zone, offering
huge opportunities for Hong Kong’s development.
Under this new plan, Qianhai will boost world class
business environment and be expected to establish
a higher-level open economy with strong capability
in global resource allocation, breeding innovation
and leading coordinated development109.
Summary
As an economy with the highest degree of
freedom, Hong Kong will consolidate and enhance
its position as a business hub in international
finance, shipping and trade, and adhere to the
liberalization of trade and investment. Hong Kong
will focus on advancing the development of finance,
commerce, trade, logistics and professional
services towards high-end and high value-added.
In addition, Hong Kong will proactively promote the
development of the GBA.
109 Shenzhen Government Online, http://www.
sz.gov.cn/en_szgov/news/infocus/Qianhai/news/con-
tent/post_9109705.html
140
