Qianhai to Further Promote Itself to Attract More Hong Kong Investors
Four years after it was created as a pilot area for financial reforms and the Hong Kong Shenzhen cooperation, Qianhai is staging a promotion of its own to help promote itself across the border in their plans to increase their appeal to Hong Kong firms.
Led by city leader with Xiao Zhijia the deputy director of Shenzhen Financial Office at the helm, the team will look for an audience of around 100 mainly coming from financial institutions in Hong Kong wherein Qianhai can quickly offer these firms to create a presence in the special economic zone. The new benefits will include tax incentives along with other preferential policies. Qianhai firms will also benefit from the offered stock connect program between the Hong Kong stock exchange and the Shenzhen stock exchange.
The Hong Kong stock exchange is already completed their test for the Shanghai Hong Kong stock connect earlier which gave its nearest rival Qianhai, the Shanghai Free Trade Zone the edge. Although the central government gave its support to Qianhai in 2010 to be a pilot zone to develop modern service industry trough cooperation with Hong Kong. Qianhai adjacency to Hong Kong is one of its advantages that Qianhai enjoys against the Shanghai Free Trade Zone.
Leaders in Qianhai is planning to build apartments and rent them out below market prices to further attract Hong Kong firms and professionals who decides to move to Qianhai. For the first seven months of these year around 350 Hong Kong firms have already set up their headquarters in Qianhai.