Page 92 - AmCham South China 2026 Special Report on the State of Business in South China

and technological services and cultural creativity, 2. Upgrade the opening up and functions of
forming industrial linkages and complementary the national financial industry and cross-border RMB
advantages with the Qianhai Area. business innovation as a pilot demonstration zone

The Qianhai Shenzhen-Hong Kong Cooperation 3. Create a reform and innovation pilot
Zone combines the functions and policies of platform in the GBA
pilot free trade zones under a three-zone model:
¡°Cooperation Zone + Pilot Free Trade Zone + 4. Serve as a gateway for opening up to the
Bonded Port Area¡±. These policies include those world 33
shared by mainland pilot free trade zones as
well as unique advantages for Qianhai, such as a ¡°30 measures¡± to boost Qianhai-Hong
reduced corporate income tax of 15%, preferential Kong financial cooperation 34
individual income tax and other incentives ? making
its comparative advantages increasingly prominent. In February 2023, the central finance and
monetary authorities and the People¡¯s Government
In 2024, Qianhai demonstrated robust growth, of Guangdong jointly promulgated the ¡°Opinion on
with GDP reaching RMB300.9 billion, up 8.6% Providing Financial Support for the Comprehensive
YoY . With higher levels of openness, the area Deepening Reform and Opening Up of the Qianhai
30
attracted RMB12.3 billion in foreign investment in Shenzhen-Hong Kong Modern Service Industry
H1 2025, up 15.9% YoY and accounting for 59% of Cooperation Zone¡±, setting out 30 measures on
Shenzhen¡¯s total . Continued innovative measures financial reform and innovation. These measures
31
have positioned Qianhai as a strategic hub for cover financial services for people¡¯s livelihood,
foreign investors to deepen their presence in China mutual access between financial markets,
and connect globally. It now hosts nine cross- development of modern financial services,
border e-commerce platforms, approximately facilitation of cross-boundary trade and financing
10,000 cross-border e-commerce sellers and about and strengthening financial regulatory cooperation.
100 service providers.
Among the measures, six specifically focus
Qianhai has also achieved several national firsts on deepening financial cooperation between
in AI, including the launch of China¡¯s first large-model Shenzhen and Hong Kong and prioritizing financial
and algorithm innovation service center. By 2024, innovation for people¡¯s livelihood. Examples
Qianhai had attracted 249 AI-related companies include facilitating Hong Kong residents to
above the state-designated scale, 77 of which open mainland bank accounts and access credit
reported revenue exceeding RMB100 million . financing, optimizing cross-border investment
32
and financing for Hong Kong companies and
Focus areas for Qianhai and Shekou under the providing convenience for Hong Kong financial
14th FYP: professionals to practice in Qianhai.

1. Cooperate with Hong Kong to build a new After two years, Qianhai Shekou has emerged
international trade center, a high-end shipping as a demonstration base for financial sector
service center, an international legal service center opening and global service trade. The ¡°30
and a commercial dispute resolution center measures¡± have already delivered 14 national
firsts, such as foreign exchange purchase
30 The Authority of Qianhai Shenzhen-Hong Kong
Modern Service Industry Cooperation Zone of Shen- without physical entry, and fostered six types
zhen, https://qh.sz.gov.cn/sygnan/qhzx/dtzx/content/ of cross-border financial innovations, including
post_11983397.html RMB cross-border loans ? creating a distinctive
31 The Authority of Qianhai Shenzhen-Hong Kong brand of ¡°six cross-border¡± financial reforms. In
Modern Service Industry Cooperation Zone of Shen-
zhen, https://qh.sz.gov.cn/sygnan/qhzx/dtzx/content/ 33 Government site of Guangdong, http://www.gd.gov.
post_12309375.html cn/zwgk/wjk/qbwj/yfb/content/post_3533834.html
32 The Authority of Qianhai Shenzhen-Hong Kong 34 Government site of Shenzhen, http://www.sz.gov.
Modern Service Industry Cooperation Zone of Shen- cn/cn/xxgk/zfxxgj/zwdt/content/post_10444994.html
zhen, ¡°2024 in Review Qianhai¡¯s robust momentum¡±

92 93