The Dream Factory of China

Source :Shenzhen Daily

Qianhai has become a popular place among entrepreneurs and young people from Hong Kong to start their businesses following the fast development over the past 10 years, as it is now home to more than 11,000 Hong Kong-funded enterprises, a conference marking the 10th anniversary of the Qianhai Shenzhen-Hong Kong Cooperation Zone at the Qianhai International Conference Center was told on Aug.27.

Shenzhen Party chief Wang Weizhong and Mayor Chen Rugui attended the conference.

Hong Kong Chief Executive Carrie Lam said in a congratulatory video to the Qianhai celebration that she hoped Shenzhen-Hong Kong cooperation will be strengthened while embracing the opportunities brought by the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.

Official statistics show that more than 200 Hong Kong-funded startups have been incubated at the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub) over the years. Nearly 90 percent of the actual used foreign capitals, or US$20.3 billion, in Qianhai were from Hong Kong. Seven of the country’s 11 Guangdong-Hong Kong-Macao joint law firms are based in Qianhai, where Hong Kong laws are applicable in commercial disputes involving businesspeople from the special administrative region at the Qianhai court.

The Qianhai authority has rolled out over 100 favorable policies for Hong Kong entrepreneurs and Hong Kongers working in the free trade area. Major cooperative platforms such the E-hub, the Shenzhen-Hong Kong Innovation Center, the Shenzhen-Hong Kong Fund Town, and the Zetta Bridge Shenzhen-Hong Kong Design and Creation Cluster, have been put into use.

“Hong Kong can serve as an open platform for cooperation with Qianhai in finance, professional services and the creative industry,” Lam said.