City Creates Legislation to Help Build an International City
Shenzhen created a legislation that will help protect the safety of the financial information in Qianhai and made it its top priority in the efforts of building the city into an international city. called the Manhattan of the Pearl River Delta, Qianhai is being developing into a modern service industry hub by Shenzhen and Hong Kong.
Several other priorities that is related to the development of Qianhai which includes urban planning, electronic certification, service management, talent nurturing which is all based on the city’s work plan in establishing an international city a work plan that was recently unveiled by the city government. Based on the work plan the city will be using all its legislative power and draw on international experience in promoting the rule of law and build a favorable business environment in which the Qianhai Shenzhen Hong Kong Modern Serice Industry Cooperation Zone will serve as the breakthrough for this process.
Furthermore the city government has vowed to be actively promote a timely, accurate and legitimate release of information that is related to crediting an enterprise and take the lead in establishing a set of complete laws and regulation on business credit. Companies and enterprises will be encouraged to be global and participate in the establishing of the criteria that will be adopted all over the world.
By 2015 the city hopes that all their strategic and emerging industries will be able to achieve a total output of around 2 trillion yuan which is 40 percent of the city’s GDP.