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Centers Attention on Latest Policy of Shenzhen-Hong Kong Cooperation & Encourages Seizure of Relevant Development Opportunities

　　Over 800 representatives from local commercial, industrial and professional sectors attended the Policy Presentation on Fostering Shenzhen-Hong Kong Cooperation in Qianhai organized by Qianhai International Liaison Services Ltd., the Hong Kong representative agency of the Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen (the “Qianhai Authority”) this afternoon (16th March) at Renaissance Harbour View Hotel Hong Kong, Wan Chai.

Mr. Lv Rui-feng, Executive Vice Mayor, Shenzhen Municipal Government of China.

　　Lu Rui-feng, Executive Vice Mayor, Shenzhen Municipal Government of China; Zhang Bei, Director, the Qianhai Authority and Witman Hung Wai-man, Principal Liaison Officer for Hong Kong, the Qianhai Authority, were among the attendees of the Policy Presentation. A comprehensive interpretation on the “Working Plan for Facilitating Shenzhen-Hong Kong Cooperation in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” was delivered by Mr. Zhang, providing a clearer guidance to local enterprises interested in investing in Qianhai.

　　Positioned by the Central Government, Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone possesses unique comparative advantages of a Special Administrative Region as well as institutional and legal frameworks, but also the geographical advantages of close proximity to both Hong Kong and Shenzhen airports and transportation accessibility. Shenzhen shoulders the vital mission of marketization, internationalization and legalization, with active development of Qianhai as a Shenzhen-Hong Kong cooperative platform is highlighted in the city’s future development policy.

　　Developed by Shenzhen Municipal Government last year, the Working Plan not only complies with the Country’s overall planning to comprehensively deepen reform and opening-up, but also aims at strengthening Qianhai’s functional positioning through 4 basic principles, namely “Joint Promotion of Shenzhen-Hong Kong Collaboration”, “Joint Development for Win-win Reciprocity”, “Multiplication of Competitive Advantages for Collaborative Development” and “Creation of Environment Geared to International Standards”, 8 policy guidelines and 50 relevant measures as stipulated in the plan, eventually achieving expansion of development capacity, optimization of industrial structure and enhancement of economic relevance to Hong Kong. According to the Working Plan, Qianhai is strived to achieve the “Million-Billion-Hundred-Ten” development goals in 2020, particularly the total construction area by Hong Kong enterprises exceeds 9 million square meters, market capitalization of Hong Kong service enterprises surpasses RMB100 billion, incubation of over 100 innovative Hong Kong enterprises into market leaders, and establishment of Hong Kong development base gathering top 10 industries with clear advantages. As of February 2015, over 23,000 enterprises, including 53 Global 500 enterprises and 1,171 Hong Kong enterprises, have made their presence in Qianhai with a total registered capital aggregated to over RMB 1.4 trillion, with the innovative Enterprise Mansion designed for large enterprises was in operation since last year.

　　Besides, tax (15% preferential corporate income tax and individual income tax rates), communication (Qianhai SIM Card cross-border telephone service with toll rate equivalent to Hong Kong local call), entrepreneurship (The Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub Program) and cross-border RMB corporate loan (no limit) incentives are offered to Hong Kong professionals and enterprises stationed in Qianhai before 2020. Any Hong Kong enterprise with a Hong Kong permanent resident as its major shareholder, or registered in Hong Kong and in operation for more than 3 years, or paying profits tax in Hong Kong, or any joint venture with 51% of shareholding is owned by a Hong Kong enterprise, is eligible to apply for the special fund under Qianhai Authority to enjoy support in loan discounts or subsidies. Meanwhile, the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub Program offers entrepreneurship support to younger entrepreneurs from Shenzhen and Hong Kong.

Mr. Zhang Bei, Director, the Qianhai Authority.

　　Zhang Bei, Director, the Qianhai Authority, said, “Under the Country’s ‘One Belt, One Road’ strategy, Qianhai is the bridgehead for Shenzhen to achieve "Three Modernization, One Platform", with the deepening of Shenzhen-Hong Kong cooperation is among the top priority. We will leverage such an immense development opportunity to unswervingly foster the development of Qianhai into a Shenzhen-Hong Kong cooperative platform with marketization, internationalization and legalization are incarnated and achieve complement of strengths between Shenzhen and Hong Kong. These can cement Qianhai’s position as the world-class center of modern industry integrated with finance, modern logistics, information services, technology services and other professional services.”

Dr. Witman Hung Wai-man, Principal Liaison Officer for Hong Kong, the Qianhai Authority

　　Witman Hung Wai-man, Principal Liaison Officer for Hong Kong, the Qianhai Authority, stated, “Being the strategic platform for long-term economic cooperation between Shenzhen and Hong Kong, policy, software and hardware layouts of Qianhai are all in place. We hope the Policy Presentation can deepen the understanding of local commercial, industrial and professional sectors on the overall development of Qianhai, and become first-movers to seize relevant development opportunities. Supported by various local chambers of commerce, professional bodies and youth organizations, the Policy Presentation is set to be both a testimony of Shenzhen-Hong Kong cooperation and a showcase of Qianhai’s prominence. Young, innovative minds from Hong Kong are also welcome to start up their business or work at Qianhai, leveraging this brand new platform to showcase their full potentials and fight for long-term development of Hong Kong.”

　　Supporting units of the Policy Presentation on Fostering Shenzhen-Hong Kong Cooperation in Qianhai include: The Chinese General Chamber of Commerce, The Chinese Manufacturers' Association Hong Kong, The Federation of Hong Kong Industries, The Hong Kong General Chamber of Commerce, The Hong Kong Chinese Importers’ and Exporters’ Association, Monte Jade Science and Technology Association of Hong Kong, The Chinese Gold & Silver Exchange Society, The Hong Kong Chinese Enterprises Association, The Hong Kong Federation of Insurers, The Hong Kong Institute of Architects, The Hong Kong Institute of Bankers, The Hong Kong Institute of Certified Public Accountants, The Hong Kong Institute of Directors, The Hong Kong Institute of Landscape Architects, The Hong Kong Institute of Planners, The Hong Kong Institute of Surveyors, The Law Society of Hong Kong, The Society of Chinese Accountants & Auditors, The Treasury Markets Association, The Y. Elites Association Limited and The Internet Professional Association.

　　About Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone

　　With the overall development plan approved by the Central Government in 2010, Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is situated at the edge of Nanhai with an integrated planned area of about 14.92 square kilometers. Positioned as a modern demonstration of the innovative cooperation between Guangdong and Hong Kong to create a modern service industry zone, Qianhai actively plays the role for launching pilot programs, and sets its sights to become a key regional hub of production services in Asia-Pacific Region as well as a key base for global service trade. Finance, modern logistics, information services, technology and other professional services are leading industries of Qianhai, with an estimated GDP of RMB150 billion to be produced in 2020.

　　About Qianhai International Liaison Services Ltd.

　　A private corporation registered in Hong Kong and established in August 2014, Qianhai International Liaison Services Ltd. is the subsidiary of Shenzhen Qianhai United Development Holding Company Limited, an associated company of the Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone of Shenzhen (the “Qianhai Authority”) and a window company of the Qianhai Authority servicing Hong Kong. Qianhai International Liaison Services Ltd. shoulders the responsibilities "to foster industrial collaboration, talent exchange, legal cooperation and co-development proposal, and to serve Hong Kong citizens and enterprises" and make “Support Hong Kong, Service mainland, Face the world” as its mission, not only providing Qianhai registration services for Hong Kong and overseas enterprises, but also responsible for Qianhai branding in Hong Kong, as well as assisting various Hong Kong organizations or chambers of commerce to arrange Qianhai site visits. Dr. Witman Hung Wai-man, Principal Liaison Officer for Hong Kong, the Qianhai Authority, is the Managing Director of the Company.

　　“Hong Kong Enterprise Through Train” service in Qianhai is a pilot measure to optimize the management on the approval of enterprise setup and change of registration details for qualified Hong Kong enterprises by changing the pre-approval to simultaneous approval. The opening of Hong Kong Enterprise Through Train to Hong Kong investors allows Hong Kong enterprises to obtain the Certificate of Approval for Establishment of Enterprises with Foreign Investment in the People’s Republic of China or certificate after change of registration details during the application for business license registration or change of registration details at the Market and Quality Supervision Commission of Shenzhen Municipality. Such an optimized measure will significantly shorten the time of processing applications from Hong Kong enterprises and maximize their convenience to invest in Qianhai.