Original title: Comprehensively deepen reform and opening up and expand the Qianhai Cooperation Zone
Source: Economic Information Daily
The “Comprehensive Deepening of the Reform and Opening-up Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” issued by the Central Committee of the Communist Party of China and the State Council was released on the 6th. The Qianhai Cooperation Zone will build a comprehensive deepening reform and innovation test platform for the Guangdong-Hong Kong-Macao Greater Bay Area and build a high-level opening-up portal hub.
The plan points out that the development and construction of the Qianhai Cooperation Zone is an important measure to support the economic and social development of Hong Kong, enhance the level of cooperation between Guangdong, Hong Kong and Macao, and build a new pattern of opening up. It is a pioneer in promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and supporting Shenzhen in building socialism with Chinese characteristics. It is of great significance to strengthen the centripetal force of Hong Kong compatriots towards the motherland. In order to further expand the development space of the Qianhai Cooperation Zone, based on the existing cooperation area, the total area of Qianhai will be expanded from 14.92 square kilometers to 120.56 square kilometers, and the area of the Qianhai Cooperation Zone will be expanded.
The plan points out that a modern service industry development system that connects Hong Kong and Macau and integrates with the world will be established and improved; the modern service industry standard system will be improved, and standardization pilot demonstrations will be carried out. Accelerate the development of green and smart supply chains, promote cross-border integration and innovation of supply chains, and establish supply chain standards that are in line with international standards. Create a credit economy pilot zone, promote the integrity of the government, the market, and the society, and promote market-oriented reforms and innovations based on the credit system in the fields of market supervision, taxation supervision, trade supervision, investment and financing systems, and green development. Research and strengthen the convergence with Hong Kong and Macao standards and regulations in the fields of transportation, communication, information, and payment.
With regard to the opening up of the financial industry, a pilot program of combining domestic and foreign currencies into one bank account was launched. Support qualified financial institutions to carry out cross-border securities investment and other businesses. Support the development of international insurance institutions in the Qianhai Cooperation Zone and provide services for Chinese-funded enterprises’ overseas business activities. Deepen Guangdong, Hong Kong and Macau green finance cooperation, explore the establishment of unified green finance standards, and provide services for mainland enterprises to use the Hong Kong and Macau markets to finance green projects. Explore new mechanisms for cross-border trade finance and international payment and settlement.
A spokesperson for the Hong Kong and Macao Affairs Office of the State Council stated that the plan, with the theme of “expanding the zone” and deepening reform and expanding opening up, greatly expanded the development space of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, and clearly proposed to build a comprehensive deepening reform and innovation test platform, The goal and task of building a high-level opening-up gateway hub. Particular emphasis is placed on advancing the connection with Hong Kong and Macao rules and mechanism, enriching the coordinated development model, and focusing on the innovative development of modern service industry, creating a world-class business environment, deepening the liberalization of service trade with Hong Kong and Macao, expanding the opening up of the financial industry, and improving legal affairs A series of specific measures have been proposed in terms of the level of opening up to the outside world.
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