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Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone
From: Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone
Updated: 2021-04-20 17:04

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The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, with a planning area of 15 square kilometers, is located on the east coast of the Pearl River and west of the Nantou Peninsula. It consists of three sections, namely Guiwan, Qianwan and Mawan. Planned, deployed and promoted by President Xi Jinping, the advancement of the development and opening of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is a major measure of the country’s reform and opening-up initiative in the new era.


Cooperation between Shenzhen and Hong Kong is a core strategic mission of Qianhai. So far, Qianhai has granted a total of 43.2 percent of its land to Hong Kong enterprises and built major platforms, namely the Qianhai Shenzhen-Hong Kong Youth Innovation and Entreprenuer Hub, Qianhai Shenzhen-Hong Kong Design and Creative Industries Park, Shenzhen-Hong Kong Innovation Center and Qianhai Shenzhen-Hong Kong Fund Town. A total of 478 entrepreneurial teams have been incubated by the Qianhai Shenzhen-Hong Kong Youth Innovation and Entreprenuer Hub, including 220 teams from Hong Kong. By the end of 2020, there were 11,300 Hong Kong-invested enterprises registered in the Qianhai Shenzhen-Hong Kong Cooperation Zone, with a registered capital of 1.26 trillion yuan. Hong Kong capital that was actually utilized in 2020 reached US$3.802 billion, which increased by 4.8 percent when compared to 2019, accounting for 88.3 percent of the total foreign capital actually utilized in Qianhai. Hong Kong enterprises are becoming increasingly significant in Qianhai’s economy.


To thoroughly deepen cooperation between Shenzhen and Hong Kong, Qianhai will, in accordance with the planning of the CPC Shenzhen Municipal Committee and Shenzhen Municipal People’s Government, adhere to its overall positioning of “relying on Hong Kong, serving the mainland and facing the world.” From five aspects, namely platform, energy, function, value and influence, Qianhai will continue to complete the cooperation project of “two cities, six districts, one park, one square, six towns and two ports.” “Two cities” refers to the Qianhai Shenzhen-Hong Kong International Service City and Qianhai Shenzhen-Hong Kong International Finance City; “six zones” refers to the Qianhai Shenzhen-Hong Kong International Law Affairs Zone, Qianhai International High-end Think Tank Cluster, Qianhai Shenzhen-Hong Kong Professional Services Cluster, Qianhai Shenzhen-Hong Kong New Trade Logistics Cluster, Qianhai Shenzhen-Hong Kong Digital Economy Cluster and  Qianhai Shenzhen-Hong Kong Headquarters Economy Cluster; “one park” refers to Qianhai Stone Park; one square refers to Qianhai Shenzhen-Hong Kong Square; “six towns” refers to Qianhai Shenzhen-Hong Kong Professional Services Town, Qianhai Shenzhen-Hong Kong Cultural and Creative Town, Qianhai Shenzhen-Hong Kong Trade and Logistics Town, Qianhai Shenzhen-Hong Kong Digital Economy Town, Qianhai Shenzhen-Hong Kong Headquarters Economy Town, Qianhai Hong Kong and Macao Youth Innovation and Entrepreneurship Town; “two ports” refers to “the Belt and Road” Trade Hub Port and Qianhai International Talent Port. A total of 6 million square meters of industrial space will be added when the projects listed above are finished. Therefore, Hong Kong’s service industry will experience better growth in Qianhai.



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