The Central Government announced earlier that it would expand the Qianhai Shenzhen-Hong Kong Cooperation Zone by more than 7 times, with an area equivalent to 1.5 Hong Kong Island. The State Council held a press conference today (9th). According to the Plan, Qianhai will further reform and open up, focusing on promoting the innovative development of modern service industries. Hong Kong will play its role as an international financial, trade and shipping center to facilitate enterprises that settle in Qianhai.
Li Jiachao pointed out that Hong Kong-Shenzhen cooperation has created a unique twin-city story in the reform and opening up. The "Qianhai Plan" is conducive to promoting cooperation to a higher level. Hong Kong will enhance its status as an international financial center in accordance with the "14th Five-Year Plan" plan and strengthen the world. The role of offshore renminbi hub to cooperate with Shenzhen's construction of a global financial innovation and technology center, which is also the central city of the Greater Bay Area, forming a dual-core engine.
Hong Kong Chief Secretary for Administration Li Jiachao participated online.
(Screenshot of Hong Kong 01 live broadcast)
Giving play to the function of an international financial center and forming a dual-core engine for Shenzhen
Li Jiachao pointed out that with the support of the central government, Hong Kong and Shenzhen have been working hard to promote the establishment of professional services in Qianhai. In the past ten years, more than 11,500 Hong Kong companies have settled in Qianhai. In addition to professional services, they also cover modern service industries such as finance and logistics. , The further opening of Qianhai will push Hong Kong-Shenzhen cooperation to a new level, play the role of the two major hubs in the Greater Bay Area, and strengthen cooperation and communication with Guangdong and Shenzhen in the future.
Li Jiachao stated that the "14th Five-Year Plan" clearly supports Hong Kong's promotion of its status as an international financial center. Qianhai's development particularly enhances the interconnection of the financial markets of the two places, the cross-border use of renminbi, the establishment of bank accounts, and the deepening of green financial cooperation.
In the future, the cooperation between Shenzhen and Hong Kong will be closer. For example, since the Shenzhen-Hong Kong Stock Connect was launched in 2016, the capacity has been continuously expanded. As of the end of July this year, the total amount of northbound transactions reached 28 trillion yuan and the southbound transactions reached 8.3 trillion Hong Kong dollars.
He pointed out that in the future, Hong Kong and Shenzhen will continue to strengthen cooperation, and Hong Kong will also cooperate with Shenzhen to build a global financial innovation and technology center. The two places are both central cities and core engines of the Greater Bay Area. Contribute to deepening financial reforms.
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Qianhai Special Zone "Hong Kong Capital and Hong Kong Law" welcomes further opening
The "Qianhai Plan" promotes the development of Hong Kong's legal and professional services industry in the region. Li Jiachao pointed out that further liberalization measures are widely welcomed by the industry. In terms of legal services, the "Hong Kong-funded Hong Kong Law" is piloted to allow Hong Kong-funded enterprises to use Qianhai. Hong Kong law signs contracts, and Hong Kong lawyers and barristers can obtain qualifications through examinations.
The Hong Kong Government will work with industry players to provide opinions and support the expansion of Qianhai in finance, innovation and technology, law and business environment.
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Provide funding and incubation services for Hong Kong Qingqianhai entrepreneurship and employment
In response to the development opportunities of Hong Kong youth in the Mainland, Li Jiachao said that Qianhai provides convenience and unlimited opportunities for study, work, residence and entrepreneurship, emphasizing that youth are the hope and economic engine of the future. Therefore, the Hong Kong government attaches great importance to youth development and is actively promoting it. Young people go to the Greater Bay Area for exchanges, internships and entrepreneurial programs, hoping to broaden their horizons and understand the development of the country to seize opportunities.
Li Jiachao said that the Greater Bay Area has flourished entrepreneurship activities in recent years, and the Greater Bay Area has also adopted a large number of measures to attract entrepreneurs, including Qianhai Shenzhen-Hong Kong Youth DreamWorks, which has so far incubated many successful companies.
He said that the Hong Kong government is providing funds, resources, convenience and incubation services to Hong Kong youth who intend to start businesses in the region.
In terms of work, there is also the Greater Bay Area Youth Employment Program, which provides opportunities for Hong Kong youth to develop their careers in the Greater Bay Area. The program has so far provided 3,500 job opportunities, received 20,000 job applications, and 800 people have successfully entered jobs, of which 530 are employed in Shenzhen.
The government will collect opinions from employees and employers to evaluate the effectiveness, and will continue to update these internship programs. It is hoped that young people can understand the national conditions and the mainland workplace culture, look for development opportunities, and promote the integration of Hong Kong youth into the overall development of the country.
Officials from Beijing and Hong Kong interpret the Qianhai plan online: Deputy Governor of Guangdong: Build a nest to attract phoenixes to help Hong Kong youth start their own businesses. The Qianhai plan is a challenge for Hong Kong officials. First, awareness and concept connection must be made. Or consider the "cooperative inspection" Qianhai plan | Zheng Ruohua hopes that the legal community will seize the opportunity to develop international commercial dispute resolution business. Settlement: Only one station away from the National Information Office of the People's Republic of China by rail
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