The Dream Factory of China

Source :Shenzhen Daily

A total of 11,500 Hong Kong-invested companies have been registered in Qianhai since 2010, Xinhua News Agency reported yesterday citing the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

The registered capital of Hong Kong-invested companies in Qianhai reached 1.28 trillion yuan (US$196.86 billion), said the authority.

The actually utilized Hong Kong capital accounts for 92.4 percent of Qianhai’s total actual utilization of overseas capital.

As of now, the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub has incubated more than 500 venture teams, including over 200 teams from Hong Kong.

Set up in 2010, Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone aims to boost in-depth cooperation between Shenzhen and Hong Kong and advance the Guangdong-Hong Kong-Macao Greater Bay Area construction.

Meanwhile, Luo Huining, director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, yesterday urged Hong Kong to firmly seize a new round of historic opportunities from the national development for its long-term prosperity and stability.

Luo made the remarks when addressing the first of a series of activities on the introduction of the outline of the 14th Five-Year Plan (2021-2025) for national socio-economic development.

A Central Government delegation started yesterday a special tour to help various sectors in Hong Kong to better understand the plan.

The plan sets out major requirements for Hong Kong’s development in a full spectrum of areas including politics, economy and culture, which reflects the central authorities’ strategic consideration that combines both the international and domestic situations, and promotes Hong Kong’s long-term prosperity and stability, he said.

Hong Kong’s economic status as an international financial, trade and shipping center and a global hub for offshore renminbi business lies in its geographical position of being connected to the mainland and its favorable investment and business environment, Luo said, pointing out that the biggest opportunity for global development lies in China and the biggest opportunity for Hong Kong’s development lies in the mainland.