SHENZHEN, China, Sept 3 (Bernama-AsiaNet) — In September 2021, the Plan for Comprehensively Deepening Reform and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Plan) was released to outline the future development of Qianhai. Over the past three years, Qianhai, a hub for high-level opening-up, has been forging ahead with reform and innovation and delivering tangible results, noted by the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone recently.
Through reform and opening-up, Qianhai aims to become a new engine for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Shenzhen Pilot Demonstration Zone. Institutional innovation is one of Qianhai’s distinctive features. To date, Qianhai has gradually established the “Qianhai Model” for institutional innovation in key areas such as investment facilitation, trade facilitation, financial openness and innovation, and legal innovation.