Qianhai welcomes global businesses with upgraded incentives

SHENZHEN,China,Nov. 9,2022 --With deepening reform and an improving business environment,Qianhai has onceagain attracted the attention of global businesses and investors. At the 2022Qianhai Global Investment Promotion Conference held on the afternoon ofNovember 8,a number of Fortune 500 companies,Hong Kong businesses,state-owned enterprises,and other industrial bellwethers signed agreements toset up offices in Qianhai. The expected total investment exceeded 120 billionyuan,according to the Authority of Qianhai. This has fully demonstrated theconference theme "Invest in Qianhai,Building a Winning Future",along with theeconomic vitality,policy appeal,and driving forces of innovation in Qianhai.

After continuous institutional innovations,the business environment in Qianhaihas been acknowledged by business entities worldwide. "Qianhai not onlypossesses a superior talent pool,but also provides companies withcomprehensive support," said Zhang Yangqing,General Manager of Merchants UnionConsumer Finance Co.,Ltd. "There's no better place than Qianhai with regardsto Shenzhen-Hong Kong cooperation," stated Dr. Sunny Siu,a Hong Kongentrepreneur and founder of Jaguar Micro.

Alvin Zhong,Managing Director of Colliers Shenzhen,commented in an interview,"Qianhai has one of the top business environments around the globe. Qianhai'spolicies,services,market,and prospects are meaningful to companies' futurebusiness plans."

According to the Institutional Innovation Index for China Pilot Free TradeZones released by Sun Yat-sen University,Qianhai ranks first in the country interms of system innovation. Furthermore,a third-party assessment by Deloittealso shows that Qianhai is a global leader in such parameters as starting abusiness and access to electricity.

As a reform pioneer,Qianhai has never stopped making progress. At theconference,the Qianhai Global Service Providers (QGSP) Program was launched toactively attract and cultivate national top 20 or global top 50 businesses ineight fields,including modern finance,business & trade,logistics,information services,etc. The goal of the program is to build a cluster ofglobal service providers with the world's top 500 headquarters companies as thepillars and SME industry leaders in specialized fields as the main body.

Qianhai vows to render these businesses an industrial support fund of no lessthan one billion yuan and an industrial space of over 200,000 square kilometersevery year. Its goal is to introduce or foster more than 300 modern serviceproviders from around the world and achieve an added value of over 100 billionyuan in the modern service sector by 2025. Qianhai will make every effort tobuild a core engine for the modern service industry in the Greater Bay Area andbecome an important producer service center in the Asia-Pacific region.

At the conference,Qianhai extended its invitation to global service providersin eight fields with business team incentives of tens of millions of yuan andan appealing 15% corporate income tax rate.

Companies in Qianhai have already felt the zone's passion for promotinginvestment. "This year,we officially moved our office back to Qianhai," saidZhou Xiangdong,Chief Financial Officer and Board Director of Shenzhen Hive BoxTechnology Co.,Ltd. "On the basis of what Shenzhen provides,Qianhai offersmore support for businesses in terms of finance,taxation,and administrativeapproval."

Wang Peiying,founder of DVF Private Equity Fund Management Co. Ltd.,stated,"Seeing that a number of international financial companies are thriving inQianhai,DVF also intends to settle here as soon as possible."

According to its plan,Qianhai will also create a series of clusters,featuringventure capital investment,natural gas trading,cross-border e-commerce,andtax services.

"Qianhai is wide open,equipped with a global platform that facilitates insightand information exchange. It will become a hub for specialized serviceindustries in the future," Alvin Zhong added. "Qianhai is undoubtedly adesirable destination for doing business."

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