On September 10, the press conference of Guangdong Province to promote the construction of the Hengqin Guangdong-Macao In-depth Cooperation Zone and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone was held in Guangzhou.
At the meeting, Governor Ma Xingrui, Member of the Standing Committee of the Provincial Party Committee and Executive Vice Governor Lin Keqing, Mayor of Shenzhen Qin Weizhong, Member of the Party Committee of the General Administration of Customs and Director of Guangdong Branch Zhang Guangzhi, Mayor of Zhuhai City Huang Zhihao, Director of the Provincial Development and Reform Commission, and the Greater Bay Area Director of the Office Zheng Renhao, Director of the Provincial Department of Finance Dai Yunlong, and Director of the Provincial Local Financial Supervision Bureau Yu Haiping attended the press conference. “Hai-Shen-Hong Kong Modern Service Industry Cooperation Zone” (hereinafter referred to as the “Qianhai Plan”) for an in-depth interpretation.
Ma Xingrui said that Hengqin and Qianhai are models of reform and opening up created by General Secretary Xi Jinping. General Secretary Xi Jinping has visited many times and made important instructions to personally orient the reform and development of Hengqin and Qianhai. At the critical moment when the development and opening up of Hengqin and Qianhai entered a new stage of development, the Central Committee of the Communist Party of China and the State Council officially released the “Hengqin Plan” and the “Qianhai Plan”, drawing a beautiful blueprint for the construction of the two cooperation zones.
“We will thoroughly study and implement General Secretary Xi Jinping’s important expositions on the development and opening of Hengqin and Qianhai. In accordance with the requirements of the central government’s two plans, we will join hands with Hong Kong and Macao to achieve high-level construction of the two cooperation zones, and make every effort to promote major policies, major projects, and major projects. The implementation of the reform is effective, ensuring that the grand blueprint formulated by the General Secretary and the Party Central Committee becomes a better reality step by step.” Ma Xingrui said, first, firmly grasp the original mission of serving Hong Kong and Macao, closely follow the strategic positioning and target tasks determined by the central government, and prepare high-level preparations. The overall development plans of Hengqin and Qianhai have fully implemented the strategic intentions of the General Secretary and the Party Central Committee. The second is to firmly grasp the core tasks of system innovation, strictly follow the top-level design of the central government, plan to launch more major reform measures, and give full play to the role of the two cooperation zones as experimental grounds. The third is to firmly grasp the strategic goal of expanding opening up, accelerate the construction of a new open economic system, and give full play to the opening “windows” of the two cooperation zones. The fourth is to firmly grasp the theme of promoting high-quality development, accelerate the deployment of a number of major industries and innovative projects, and enhance the comprehensive strength and competitiveness of the two cooperation zones. Fifth, firmly grasp the key to people’s livelihood, vigorously promote the deep integration of people’s livelihood, and create a high-quality living environment that is livable and suitable for business.
Lin Keqing introduced that Guangdong will fully and accurately grasp the strategic intentions of the General Secretary and the Party Central Committee, centering on Hengqin’s original intention of promoting the moderately diversified economic development of Macao and Qianhai’s positioning of relying on Hong Kong, serving the mainland and facing the world, and working with Hong Kong and Macao to go all out to promote the two cooperation. District construction. The first is to highlight decentralization and empowerment and innovation in the rule of law to fully stimulate the development vitality of the cooperation zone. The second is to highlight the advantages of the three regions and promote the development of synergy with Hong Kong and Macao industries. The third is to highlight institutional innovation and jointly build a new high-level open economic system. The fourth is to highlight the integration of people’s livelihood and work together to create a high-quality living environment that is suitable for living and working. The fifth is to highlight efficient linkage and innovate the management system and mechanism of the cooperation zone.
Provide greater development space for Hong Kong and Macao enterprises
The “Hengqin Plan” puts forward that based on Guangdong and Macao’s resource endowment and development foundation, focusing on the main direction of the diversified development of Macao’s industries, strengthening policy support, vigorously developing new technologies, new industries, new formats, and new models, injecting new impetus into the long-term development of Macao.
Zheng Renhao revealed that Guangdong is currently in close consultation with Macau to study and compile industrial development plans and a catalog of encouraged industries. “Combined with the current industrial foundation and characteristics of Macau, while also taking advantage of Guangdong’s capabilities and advantages, choosing the main direction and focus of cultivation, attracting Macau capital and enterprises to actively participate in the establishment, expanding the real economy, and providing entrepreneurial employment for people from all walks of life in Macau. With diversified new choices, there are more opportunities to do business.” Zheng Renhao said.
“The construction of the Hengqin Cooperation Zone will bring new opportunities and new space for the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area and the’second entrepreneurship’ of the Zhuhai Special Economic Zone.” The construction of the Hengqin Cooperation Zone is closely linked, adheres to the foundation of “one country”, makes good use of the benefits of “two systems”, promotes the moderately diversified economic development of Macao, and works with Macao to raise the energy level of the Macao-Zhuhai pole.
The “Qianhai Plan” proposes to further expand the development space of the Qianhai Cooperation Zone, expanding the total area from 14.92 square kilometers to 120.56 square kilometers.
How can the Qianhai Cooperation Zone make full use of the new space after the “expansion”? Qin Weizhong revealed that Shenzhen is preparing a new round of Qianhai overall development plan and land and space planning, systematically considering the industrial layout, functional layout, and spatial layout after the “expansion area”, and insisting that 1/3 of the newly sold industrial land is for Hong Kong-funded and Hong Kong enterprises. , To better support Hong Kong’s economic expansion and development space.
In the financial field, the development space of Australian-funded and Hong Kong-funded financial institutions in the two cooperation zones has been greatly expanded.
“In the two cooperation zone plans, the content involved in the financial field is very rich and the policy content is high, which will greatly promote the financial reform and innovation development of the two cooperation zones.” Yu Haiping said.
“We will strive for the support of the central financial management department to lower the threshold requirements for Macao financial institutions or controlling shareholders in terms of assets, capital scale, operating life, etc., and simplify the approval process, so that more Macao financial institutions can enter the cooperation zone more conveniently. Industry development.” Yu Haiping said that for Macao financial institutions that have not established branches or joint ventures in the cooperation zone, they are actively exploring new models such as cross-border office in the cooperation zone to improve the facilitation level of cross-border financial cooperation.
Smooth the flow of factors to promote innovation and development
“In the construction of the Qianhai Cooperation Zone, the Customs will give full play to the role of the Comprehensive Bonded Zone as an important platform for an open economy.” Zhang Guangzhi said that the Customs will support the Qianhai Comprehensive Bonded Zone to become a competitive processing, manufacturing, R&D, design, and logistics division. “Five centers” such as allocation, inspection and maintenance, and sales services; and use intelligent supervision methods to innovate supervision models, simplify business processes, implement automatic data comparison, automatic checkpoint release, reduce operating costs, and improve supervision efficiency.
Zhang Guangzhi also stated that the customs will implement the “first-line” deregulation and “second-line” management of goods in the Hengqin Cooperation Zone. It will not only make customs clearance procedures more convenient, smoother logistics, and more efficient operations, but also comprehensively use inspections, inspections, and inspections. Various methods such as investigation and anti-smuggling have severely cracked down on illegal activities such as smuggling.
“Regarding the deregulation of the’first line’, the customs will continue to implement record management of goods entering and leaving the cooperation zone and Macao via the’first line’; further simplify the declaration procedures and elements of goods, promote the facilitation of cross-border trade, and adhere to the bottom line of safe access To ensure the security of the country.” Zhang Guangzhi introduced. At the same time, regarding the entry and exit of goods on the “second line”, the customs will follow the requirements of the “Hengqin Plan” and follow the relevant regulations on imported goods for the duty-free bonded goods entering the mainland via the “second line” from the Hengqin Cooperation Zone. Go through customs procedures; the relevant goods entering the Hengqin Cooperation Zone via the “second line” from the Mainland are deemed to be exported, and value-added tax and consumption tax rebates shall be implemented in accordance with the current tax policies; Imported materials processed in the cooperation zone with a value of 30% or more will be exempted from import duties when entering the mainland via the “second line”.
In addition to the free flow of goods across borders, the two cooperation zones will also expand the cross-border use of RMB, explore the facilitation of foreign exchange management, and promote the independent and orderly flow of factors. Yu Haiping introduced that the Qianhai Cooperation Zone will expand the scope and scale of cross-border use of renminbi, enrich renminbi return channels, and form a complete system for renminbi outflow and return; in terms of foreign exchange management, explore new mechanisms for cross-border trade finance and international payment and settlement. Take the lead in implementing more convenient settlement measures for trade in goods and steadily advancing capital account convertibility.
Tax incentives bring five benefits to companies and individuals
The preferential tax policies mentioned in the “Hengqin Plan” and the “Qianhai Plan” have aroused great attention from all walks of life. Dai Yunlong said that the two plans propose to improve the preferential policies for corporate and personal income tax and maximize the release of policy dividends, which will effectively promote the accumulation of high-end talents and enterprises in Hengqin and Qianhai. The specific implementation measures will be implemented soon.
The “Hengqin Plan” proposes that eligible industrial enterprises in the cooperation zone will be taxed at a reduced corporate income tax rate of 15%; for domestic and overseas high-end talents and talents in short supply working in the cooperation zone, the part of their personal income tax that exceeds 15% will be exempted. Levy. In what ways will the above tax preferential policies bring benefits to enterprises and individuals?
In this regard, Dai Yunlong introduced that the “Hengqin Plan” proposed a 15% corporate income tax preferential policy for three major benefits for enterprises in the cooperation zone:
First, the scope of preferential industries is more focused, and all industries that are conducive to the moderately diversified development of Macao’s economy are included in the policy scope, including scientific and technological research and development and high-end manufacturing industries, Chinese medicine and other Macao brand industries, cultural tourism, exhibition and trade industries, modern financial industries, etc.; The preferential policy is greater, and policies such as allowing one-off pre-tax deductions for corporate capital expenditures will effectively reduce the burden on enterprises; third, there will be more diverse forms of preferential treatment for the three major areas of tourism, modern service industry, and high-tech industries. The income of foreign direct investment is exempted from corporate income tax, and enterprises in the cooperation zone are encouraged to “go global.”
Not only for enterprises, but for individuals, the Hengqin plan proposes a 15% personal income tax preferential policy, which also has two benefits for talents in the cooperation zone: one is that the beneficiary groups expand from foreign talents to domestic and foreign talents, and the scope of preferential treatment is wider; the second is preferential treatment. The method is adjusted from the difference subsidy to the direct exemption, and taxpayers will enjoy the policy more conveniently. This will play a positive role in promoting the introduction of “high-tech and short-cut” talents in the cooperation zone.
Huang Zhihao also said that Zhuhai will make good use of the “two 15%” preferential policies in the cooperation zone to build an important node city in the Guangzhou-Zhuhai-Macao Science and Technology Innovation Corridor.
The “Qianhai Plan” clarified that the preferential corporate income tax policy of the cooperation zone will be postponed to the end of 2025. Dai Yunlong pointed out that this round of policies has three major characteristics compared with the previous one: the scope of preferential treatment has been greatly expanded, and the preferential catalog industry has increased from 4 to 5, and new The business service industry has been reduced; the preferential threshold has been further lowered, and the requirement for the main business income to account for the total income has been reduced from more than 70% to more than 60%, which has expanded the scope of beneficiary enterprises; the collection and management measures have been more convenient, and the tax authorities shall directly request the relevant competent authorities to issue Opinions are used to judge whether the enterprise enjoys the preferential treatment, and it is no longer necessary for the enterprise to provide certification materials. Through these policies, the comprehensive competitiveness of the modern service industry in the cooperation zone will be more effectively enhanced.
Written by: Nanfang Daily reporter Tang Ziyan Wu Zhe Li Fengxiang Chen Xiaoxiao Wenge Chen Ying Nandu reporter Wu Xuan Huang Shulun Mo Zhihua trainee reporter Xu NingningReturn to Sohu to see more
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