Did you know that the Authority of Qianhai oversees a remarkable economic zone? This isn’t just any administrative building. It’s the beating heart of Qianhai a dynamic area bridging Mainland China and Hong Kong. The Authority guides Qianhai’s growth fostering innovation in modern services.
Established in 2010 Qianhai’s purpose is clear. It aims to improve economic interaction between China and Hong Kong focusing on finance logistics and IT. This ambitious project sits on nearly 15 square kilometers of reclaimed land in Shenzhen. Shenzhen boasts the highest GDP per capita in China. Qianhai benefits from this economic powerhouse.
The Authority’s work is multifaceted. It facilitates innovation. It acts as a hub for modern services. Importantly it pilots closer cooperation between the Mainland and Hong Kong. It’s a key player in the Pearl River Delta’s sustainable development. The Authority plays a vital role in shaping Qianhai’s future.
Special policies approved in 2012 incentivize foreign investment. These include a preferential 15% corporate income tax rate. Eligible professionals are even exempt from personal income tax. This attracts a skilled international workforce. Qianhai is not just building an economy it’s building a community.
Qianhai’s future is bright. Its focus includes finance modern logistics and technology services. The Authority promotes financial innovation relaxing currency flows between Qianhai and Hong Kong. This reinforces Hong Kong’s position as an offshore RMB settlement center. The Authority also supports Qianhai’s logistical prowess. Its strategic location and modern infrastructure are key assets.
The Authority isn’t just about regulations and policies. It’s about creating a thriving ecosystem. It supports initiatives for young entrepreneurs. It encourages international cooperation. It works towards sustainable urban development. The Authority’s vision is a future of growth and prosperity. More than 100000 businesses have registered in Qianhai. Their total capital exceeds 4.971 trillion yuan.
As you stand before the Authority of Qianhai remember this. It’s more than a building. It’s a symbol of ambition. It’s a testament to cooperation between China and Hong Kong. It’s a testament to the vision and hard work of those who are building a brighter future.