The area's sound legal environment
Shenzhen International Arbitration Court established in Qianhai. [File Photo]
Recently, the board members and investors of HSBC came to Qianhai for visit, what impressed them most is the legal environment there and they feel very encouraged about it.
The reason why foreign companies choose the area (for business) is that they are all optimistic about the law-based international business environment
"We hope that through our efforts, we will be able to provide global businessmen with legally sound business environment for running business," said Wang.
As the only pilot area for the reform regarding for rule of law approved by the State Council, The zone was the first to make the applicable mechanism for laws related to Hong Kong and Macao and foreign laws.
Three national foreign laws ascertainment institutions: the Chinese Hong Kong - Macao - Foreign Laws Research Center, the Supreme People's Court for Hong Kong - Macao - Foreign Laws Ascertainment and Research Base and the Supreme People's Court for Hong Kong - Macao - Foreign Laws Ascertainment Base were set up in Qianhai.
Besides, the International Court of Arbitration has attracted 870 arbitrators from 50 counties, among them 146 were from Hong Kong. Seven Guangdong - Hong Kong join law offices were founded.