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Qianhai free trade zone ---In Shenzhen China

Update Date:2019-3-26 16:04:25     Source:www.3737580.com     Views:626

Qianhai free trade zone service
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Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone ,(pinyin: Qiánhǎi Shēngăng Xiàndài Fúwùyè Hézuòqū) is a commercial development in Shenzhen, China also known as Qianhai New District. Located at the west of Shekou Peninsula and encircled by Shuangjie River, Moon Bay Avenue, Mawan Avenue and Qianhai Bay, Qianhai covers an area of approximately 15 square kilometres (5.8 sq mi). Qianhai's construction will be completed by 2020

Qianhai Free Trade Zone Location

Qianhai is situated in the Pearl River Delta. With the completion of railways and roads by 2020, Qianhai will be within a one-hour commuting radius of the Pearl River Delta and within a 30-minute commuting radius of Hong Kong. The main arteries of traffic in the region, including the Shenzhen-Zhongshan corridor, Shenzhen Western Port, Shenzhen North Station and Guangzhou-Shenzhen Yanjiang Highway all pass through Qianhai

Special Policies in Qianhai Free Trade Zone

1.Financial Policies

Qianhai shall experiment with the expansion of offshore RMB fund flow-back channels. Qianhai will support the development of Hong Kong as an offshore RMB settlement centre and establish a cross-border RMB innovation zone in order to facilitate the development of RMB financial services .Qianhai shall support the issuance of RMB loans from local banking institutions to international projects, and from Hong Kong-based banking institutions to Qianhai projects under the stipulations of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA). Qianhai shall be supported in its efforts to establish an equity investment parent fund in Qianhai. Hasten the internationalisation of Qianhai's financial market by opening up to Hong Kong under the stipulations of CEPA Qianhai supports the development of innovative financial instruments, and financial products that support the development of the real economy. Hong Kong and international banking institutions shall be encouraged to establish their headquarters in Qianhai in order to quicken to pace of the internationalisation of Qianhai's financial industry

 

2.Taxation Policies
Eligible companies registered in Qianhai are subject to a 15% preferential corporate income tax rate.
Eligible professionals who are employed in Qianhai are exempt from personal income tax

 

3.Legal Policies

Qianhai shall support Hong Kong arbitration agencies' establishment of affiliated agencies in Qianhai.
Qianhai shall support the joint operation of mainland and Hong Kong law firms under CEPA and its supplementary agreements.

 

Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com

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