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, a member of the Standing Committee of the Shenzhen Municipal Committee of the CPC and director of the Authority of China (Guangdong) Pilot Free Trade Zone Qianhai & Shekou Area, said that Qianhai’s biggest achievement 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.
As a role model of deep cooperation between Guangdong, Hong Kong and Macao, Qianhai has launched more than 100 favorable policies for the Shenzhen-Hong Kong cooperation. Eighteen land parcels were sold to Hong Kong enterprises, with an area of 37.26 hectares, accounting for 45.9 percent of the land sold in Qianhai for commercial uses. Over the past few years, 149 new buildings have been constructed, with a total floor area of 1.96 million square meters.
A number of major platforms such as the Shenzhen-Hong Kong Innovation City and Shenzhen-Hong Kong Fund Town have been established. Many well-known Hong Kong enterprises, such as Hong Kong and Shanghai Banking Corporation (HSBC), Hang Seng Bank, Hong Kong Exchanges (HKEx), and 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 1,234.36 billion yuan (US$174 billion) had registered in Qianhai.
The opening-up level in Qianhai is high. In the first half of this year, Qianhai’s actual use of foreign investment amounted to US$2.53 billion, 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 Qianhai and Shekou, with a total contractual value of US$1.58 billion. Qianhai enterprises have established 47 subsidiaries or institutions in 16 “Belt and Road” countries.
Qianhai has also taken the lead in innovation. Qianhai has made 469 institutional innovations over the past nine years, 50 of which were duplicated and promoted nationwide, along with 69 across Guangdong and 122 citywide in Shenzhen. More than 160 of the institutional innovatons have been duplicated and promoted in Shanxi Province. An annual evaluation report by the Guangzhou-based Sun Yat-sen University has ranked Qianhai and Shekou first among the country’s free trade zones and areas in terms of institutional innovation achievements for two consecutive years.
Qianhai aims to create a world-class cityscape with mountain, sea, forest, 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. Twenty-seven trunk roads have been completed, forming the main road network of Qianhai.
Qianhai will take the lead in creating a “window of reform and opening up in the new era,” helping Shenzhen upgrade from a special economic zone to a pilot demonstration area and create a new and even greater miracle for the world, Tian said.
Liu Yong, deputy director of the Judicial Appraisal Center of the Supreme People’s Procuratorate, Cui Lin, deputy director of the International Cooperation Center of the National Development and Reform Commission, Xu Junfeng, director of Shenzhen Municipal Communications Administration, Wang Hongbin, Party chief of Guangming District, Liu Sheng, head of Guangming District Government, Zhou Yingtong, deputy chief prosecutor of Shenzhen Municipal Procuratorate, Bao Changhan, vice head of Nanshan District Government, and Zhang Zongping, vice head of Guangming District Government, attended the press conference.