SZtoinvest10byuaninQianhaiin13
From: Shenzhen Daily
Updated: 2013-02-22 11:02
SHENZHEN will invest 10 billion yuan (US$1.59 billion) on infrastructure construction in the Qianhai area this year, according to Mayor Xu Qin, who attended a meeting in Beijing on Thursday.
Held by the National Development and Reform Commission, the meeting focused on the development of Qianhai, a 15-square-kilometer coastal strip in western Shenzhen that the city and Hong Kong are developing into a modern service industry hub.
City officials are planning 5 million square meters of infrastructure construction.
"We also will introduce more than 30 Fortune 500 enterprises this year, making use of foreign investments exceeding US$7 billion," Xu said. "A slew of key modern service projects will be introduced to Qianhai."
Qianhai"s management administration had signed contracts with 52 enterprises, including 20 Fortune 500 enterprises, through December. Massive infrastructure construction already is under way.
Additionally, 12 policies developed for Qianhai have been put into practice, concerning cross-border RMB loans, the introduction of high-quality professionals, tax preferences for qualified modern service enterprises and the establishment of a Hong Kong-owned hospital.
Based on these policies, registered tax accountants in Hong Kong will be allowed to practice in Qianhai and service providers in Hong Kong and Macao will be able to pilot cross-border data service in the area.
Thursday"s meeting in Beijing also revealed that another 10 policies the State Council has approved for Qianhai"s development are expected to be put into practice this spring or early summer. The policies concern equity investment funds, industry access and preferential directories and regulations for joint operations by law firms in Guangdong Province and Hong Kong.
Source:Shenzhen Daily