Page 84 - 2022 Special Report on the State of Business in South China
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in key areas and ensure that the World Bank ranks - The Shekou Business Zone: Prioritizes new
the zone as in the top 20 in terms of business services such as network information, scientific and
environment simulation within three years. technological services and cultural creativity, and
forms an industrial linkage and complementary
In the 14th Five-Year Plan, the Nansha Area will advantages with the Qianhai Area.
focus on:
The Qianhai Shenzhen-Hong Kong Cooperation
1. Continuously enhance the role of Zone overlaps with the functions and policies of
international shipping and trade hubs pilot free trade zones and follows the “three zones”
model of “Cooperation Zone + Pilot Free Trade
2. Deepen the integration and development Zone + Bonded Port Area”. These policies include
of strategic emerging industries and modern those shared by pilot free trade zones in Mainland
service industries China and also policies unique to the Qianhai
Cooperation Zone, such as a reduced corporate
3. Support on building a national science income tax of 15%, preferential individual income
center, a special zone for international talents, tax and other tax policies. The comparative
a demonstration zone for global trade, and a advantages are more prominent.
cooperation zone for the GBA.
In 2020, Qianhai and Shekou achieved an annual
4. An opening-up gateway to the world21 growth of 9.4% in terms of the value-added of the
enterprises registered in the free trade zone. Total
Qianhai and Shekou Areas of Shenzhen tax revenue of these enterprises rose 7.3%, and the
fixed asset investments increased by 0.6%. FDI inflow
On 27 April 2015, the Qianhai and Shekou Areas into the area was US$46.3 billion, up to 11.1% from
of Shenzhen were officially established. Qianhai the previous year. In the 14th Five-Year Plan, the
and Shekou’s total area is 28.2 square kilometers, Qianhai and Shekou Areas of Shenzhen will focus on:
of which 15 square kilometers (including 3.7 square
kilometers of the Qianhai Bay Bonded Port Area) 1. Cooperate with Hong Kong to build a new
are occupied by Qianhai District and 13.2 square international trade center, a high-end shipping
kilometers are occupied by Shekou District. service center, an international legal service center
and a commercial dispute resolution center
The Qianhai and Shekou Areas contains three
functional zones, with different industrial forms 2. As a pilot demonstration zone, upgrade
emphasize different aspects: the opening-up and functions of the national
financial industry and cross-border RMB business
- The Qianhai Financial Business Zone: Mainly innovation
undertakes the function of trade in services by: (i)
prioritizing finance, information services, scientific 3. Create a reform and innovation pilot
and technological services and professional platform in the GBA
services; and (ii) building a pilot and demonstration
window for China’s financial industry to open up to 4. An opening-up gateway to the world22
the outside world and as an important producer
service center in the Asia-Pacific region. On 6 September 2021, the government
announced an expansion plan23 of the Qianhai
- The Western Shenzhen Port Zone: Shenzhen-Hong Kong Modern Service Industry
Prioritizes port logistics, international trade, supply Economic Cooperation Zone, from which we
chain management and high-end shipping services see 1) the total area of the cooperation zone will
while undertaking the function of trading goods
and building an international hub port. 22 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834.
21 Government site of Guangdong, http://www. html
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834. 23 Qianhai at the forefront of financial in-
html novation, officials say, http://www.chinadaily.com.
cn/a/202109/09/WS6139fbe8a310efa1bd66e76e.html
84
the zone as in the top 20 in terms of business services such as network information, scientific and
environment simulation within three years. technological services and cultural creativity, and
forms an industrial linkage and complementary
In the 14th Five-Year Plan, the Nansha Area will advantages with the Qianhai Area.
focus on:
The Qianhai Shenzhen-Hong Kong Cooperation
1. Continuously enhance the role of Zone overlaps with the functions and policies of
international shipping and trade hubs pilot free trade zones and follows the “three zones”
model of “Cooperation Zone + Pilot Free Trade
2. Deepen the integration and development Zone + Bonded Port Area”. These policies include
of strategic emerging industries and modern those shared by pilot free trade zones in Mainland
service industries China and also policies unique to the Qianhai
Cooperation Zone, such as a reduced corporate
3. Support on building a national science income tax of 15%, preferential individual income
center, a special zone for international talents, tax and other tax policies. The comparative
a demonstration zone for global trade, and a advantages are more prominent.
cooperation zone for the GBA.
In 2020, Qianhai and Shekou achieved an annual
4. An opening-up gateway to the world21 growth of 9.4% in terms of the value-added of the
enterprises registered in the free trade zone. Total
Qianhai and Shekou Areas of Shenzhen tax revenue of these enterprises rose 7.3%, and the
fixed asset investments increased by 0.6%. FDI inflow
On 27 April 2015, the Qianhai and Shekou Areas into the area was US$46.3 billion, up to 11.1% from
of Shenzhen were officially established. Qianhai the previous year. In the 14th Five-Year Plan, the
and Shekou’s total area is 28.2 square kilometers, Qianhai and Shekou Areas of Shenzhen will focus on:
of which 15 square kilometers (including 3.7 square
kilometers of the Qianhai Bay Bonded Port Area) 1. Cooperate with Hong Kong to build a new
are occupied by Qianhai District and 13.2 square international trade center, a high-end shipping
kilometers are occupied by Shekou District. service center, an international legal service center
and a commercial dispute resolution center
The Qianhai and Shekou Areas contains three
functional zones, with different industrial forms 2. As a pilot demonstration zone, upgrade
emphasize different aspects: the opening-up and functions of the national
financial industry and cross-border RMB business
- The Qianhai Financial Business Zone: Mainly innovation
undertakes the function of trade in services by: (i)
prioritizing finance, information services, scientific 3. Create a reform and innovation pilot
and technological services and professional platform in the GBA
services; and (ii) building a pilot and demonstration
window for China’s financial industry to open up to 4. An opening-up gateway to the world22
the outside world and as an important producer
service center in the Asia-Pacific region. On 6 September 2021, the government
announced an expansion plan23 of the Qianhai
- The Western Shenzhen Port Zone: Shenzhen-Hong Kong Modern Service Industry
Prioritizes port logistics, international trade, supply Economic Cooperation Zone, from which we
chain management and high-end shipping services see 1) the total area of the cooperation zone will
while undertaking the function of trading goods
and building an international hub port. 22 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834.
21 Government site of Guangdong, http://www. html
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834. 23 Qianhai at the forefront of financial in-
html novation, officials say, http://www.chinadaily.com.
cn/a/202109/09/WS6139fbe8a310efa1bd66e76e.html
84
