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A PRELIMINARY agreement has been reached between the Qianhai administration and 45 companies, including 21 from Hong Kong, a news conference was told Sunday.
A 15-square-kilometer coastal strip in Shenzhen’s Nanshan District, Qianhai was named in the 12th national Five-Year Program and would be developed as a hub for the modern service industries of Shenzhen and Hong Kong.
The administration would introduce experienced management personnel in Hong Kong to operate the Qianhai Investment Development Company, yesterday’s Shenzhen Special Zone Daily reported.
The city government had been seeking a change to the law to facilitate the Qianhai development, pursuing a bigger role for the government as a service provider.
In addition, the city government has made it a basic principle to introduce influential companies in finance, modern logistics, information services, science and technology.
Innovative small-to-medium enterprises with great potential would also be welcomed, the paper said.
The city government had granted autonomy in 14 areas to the management bureau of Qianhai to facilitate development.
The autonomy covers development strategy planning, land management, land reserves, construction and operations, finance, review and approval of financial projects, attracting investment, foreign exchange and cooperation.
At Sunday’s news conference, director of the Qianhai administration, Zheng Hongjie, spoke of the similarities and differences in the three key areas of cooperation between Guangdong, Hong Kong and Macao in the next five years. The others were Nansha in Guangzhou and Hengqin in Zhuhai.
“The three areas form a ‘golden triangle’ in the Pearl River Delta, all of which were pursuing a modern service industry,” said Zheng.
“Qianhai focuses on a production service industry. Nanshan is an experimental zone for a Closer Economic Partnership Arrangement between the mainland and Hong Kong (CEPA),” said Zheng.
Zheng said the three areas combined would boost development in the entire delta area.
(Li Hao)
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