Three Shenzhen islands open for investors
Shenzhen’s Zhouzai Island in Yantian district, Xiaochan in Bao’an and Dachan in Nanshan are the three uninhabited islands open for new investors, individuals or companies for development by and become the owner of it. According to Director Lu Caixia of the island management office of the State Ocean Administration, these are the first group uninhabited islands in State Ocean Administration’s list of China for development.
Zhouzai Island, with an area of 7,500 sqm, is designated for tourism and leisure development while the larger Dachan and Xiaochan islands will be develop for transportation and industrial use. Any individuals or organizations including foreign companies or individual are qualified to acquire the rights to use the islands for no longer than 50 years. In China, there are a total of 6,900 registered uninhabited islands.