Chang Zhipeng

57589527@qq.com

THE major achievements made in 2019 by the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone were released yesterday at the Qianhai Shenzhen-Hong Kong Innovation Center.

At the press conference, Tian Fu, director of the Authority of China (Guangdong) Pilot Free Trade Zone Qianhai & Shekou Area, said that the biggest achievement of Qianhai in the past nine years was the initial formation of the “Qianhai Model,” which is to achieve a high-speed, high-quality regional development and opening-up pattern in the new era of the comprehensive deepening of reform and opening up, with institutional innovation as the core.

A role model of deep cooperation between Guangdong, Hong Kong and Macao, Qianhai has launched more than 100 favorable policies for Shenzhen-Hong Kong cooperation. Eighteen land parcels with an area of 37.26 hectares were sold to Hong Kong enterprises, accounting for 45.9 percent of the commercial land sold.

A number of major platforms such as the Shenzhen-Hong Kong Innovation City and Shenzhen-Hong Kong Fund Township have been established. A large number of well-known Hong Kong enterprises, such as HSBC, Hang Seng Bank, HKEx and the Bank of East Asia, have also settled in Qianhai.

As of the first half of 2019, a total of 11,555 Hong Kong-funded enterprises with a registered capital of 1.23 trillion yuan (US$174 billion) had registered in Qianhai.

Qianhai aims to create a world-class city center with a combination of “mountain, sea, forest, city, island, port and bay.” A number of major public facilities and a three-dimensional traffic structure consisting of land, sea and air have been launched.

The opening-up level in Qianhai is high. In the first half of this year, Qianhai actually utilized 2.53 billion yuan in foreign investment, accounting for 58.5 percent of Shenzhen’s total, 20.7 percent of the province’s total and 3.7 percent of the country’s total.

A total of 41 “Belt and Road” countries have invested in 415 companies in the Qianhai and Shekou free trade area, with a total contractual value of US$1.58 billion. Qianhai enterprises have established subsidiaries in 17 “Belt and Road” countries.

Qianhai will take the lead in creating a “window of reform and opening up in the new era,” helping Shenzhen to upgrade from a special economic zone to a pilot demonstration area, and create a new and even greater miracle that will astonish the world, Tian said.