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Xinhua Silk Road
Local

More than 4,700 HK enterprises registered at Qianhai & Shekou Area of Shenzhen of Guangdong FTZ

December 04, 2017


Abstract : 4,729 HK-funded enterprises have been registered at Qianhai & Shekou Area of Shenzhen, China (Guangdong) Pilot Free Trade Zone (Guangdong FTZ).

HONG KONG, Dec. 4, (Xinhua)--A total of 4,729 HK-funded enterprises have been registered at Qianhai & Shekou Area of Shenzhen, China (Guangdong) Pilot Free Trade Zone (Guangdong FTZ), showing their increasingly prominent role as the economic pillar for the area.

According to Tao Peng, assistant director of Industry Promotion Division of Qianhai Administration, by the end of August 2017, there were 4,729 HK-funded enterprises registered in Qianhai & Shekou Area of Shenzhen, with a total registered capital of 424.216 billion yuan (about 62.26 billion U.S. dollars). In the first half of 2017, HK-funded enterprises in Qianhai & Shekou Area of Shenzhen achieved an added value of 17.735 billion yuan (about 2.69 billion U.S. dollars), paid taxes of 5.948 billion yuan (about 901 million U.S. dollars) and completed fixed assets investment of 6.675 billion yuan (about 1.01 billion U.S. dollars), accounting for 19 percent, 31.3 percent and 35.4 percent of the total respectively. The role of HK-funded enterprises as the economic pillar for the area has become increasingly prominent.

As the national platform for Shenzhen-Hong Kong modern service industry cooperation, Qianhai focuses on developing emerging strategic service industries including finance, modern logistics, information service and science and technology service. By late July 2017, 148,300 enterprises had been registered in the area.

Qianhai has launched policies for tax preference, industrial support and financial innovation to support cooperation between Shenzhen and Hong Kong, such as supporting the enterprises and financial institutions registered in Qianhai and met relevant requirements in issuing RMB bonds in Hong Kong within the amount limitation approved by the State Council; and introducing measures including supplying nearly 5,000 talent apartments to encourage innovative institutions to settle in Qianhai.

Qianhai will establish 10 bases for enterprises in Hong Kong's superior and characteristic industries, and incubate 100 HK-funded innovative enterprises, as well as 1,000 promising and innovative Hong Kong enterprises with strong integration capacity, according to Liu Xiao, vice general manager of Shenzhen Qianhai and Shekou Free Trade Investment Development Co., Ltd..

With outstanding educational and scientific research institutions, sound financial and legal ecology, free information environment and rich innovative and technological talents, Hong Kong plays an irreplaceable role in the area. In the meantime, with an integral technology industry chain, a wide variety of leading innovative technology enterprises and active technological innovation ecology, Shenzhen has played a significant role in global innovation in recent years. The cooperation between Hong Kong and Shenzhen will create a globally leading technology innovation area and a new "Silicon Valley".

(Contributed by Li Binbin, edited by Tong Wei)

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Keyword: Guangdong-FTZ

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