China

Details

  • Service: Tax
  • Type: Publication series, Regulatory update
  • Date: 8/7/2012

The State Council approves preferential policies for Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone 

China alert - Issue 18, August 2012

 

The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone ( ’Qianhai Cooperation Zone’ or ’Qianhai’) is a 15 square kilometre area located in western Shenzhen, on the east coast of the Pearl River Delta adjacent to Hong Kong and Macau. Plans for Qianhai’s development envision four modern service industries, including finance, modern logistics, information service, and science and technology services, along with other professional service sectors.

 

Following the State Council’s agreement in principle on ’The Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone’ in 2010, it officially approved preferential policies to facilitate the development of the zone on 27 June, 2012.

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