Ma Xingrui and Xu Qin unveiled for the Administrative Committee of Qianhai & Shekou Area.
The China (Guangdong) Pilot Free Trade Zone (FTZ) (Qianhai & Shekou Area of Shenzhen) was officially established on April 27.
The Qianhai & Shekou Area will be dedicated to develop international financial cooperation, a global service trade base and an international hub port.
Ma Xingrui, secretary of the Shenzhen Municipal Party Committee, and Xu Qin, Shenzhen mayor, attended the unveiling ceremony.
"The new FTZ area will make full use of its administrative system innovation, the development of service industry in Qianhai and the advanced shipping industry base in Shekou to form its own advantage. It helps to further Shenzhen’s opening up on many aspects," said by Xu.
According to He Zijun, the vice director of Qinahai Administration, there are 27,700 enterprises in Qianhai District and 15,400 ( 55%) of them are financial enterprises. The total capital flows into Qianhai has reached 1.66 trillion RMB ( 0.28 trillion USD).
Backgrounder of Qianhai & Shekou Area:
The total planned area of Qianhai and Shekou districts in Shenzhen are 28.2 square kilometres, among which, 15 square kilometres will be occupied by Qianhai district and 13.2 square kilometres will be occupied by Shekou district.
Capitalizing on the advantages and extensive experience in marketization, legalization and internationalization, Qianhai and Shekou area will utilize their prime locations in carrying out the 21st Century Maritime Silk Road strategy to further integrating the resources of Shenzhen and Hong Kong and gather other high-end resources from abroad. High priority will placed on the development of financial services, modern logistics, information service, technology service, professional services, port service, shipping service and other strategic emerging services so as to facilitate the economic integration and development of Shenzhen and Hong Kong. In addition, commitment will also be made to develop Qianhai and Shekou area into the center of Asia-Pacific region in terms of manufacture-related service industry as well as an important world trade base and international hub.