'Bay areas' offer major economic benefits
Last month, a document named "Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road" was issued by the National Development and Reform Commission, Ministry of Foreign Affairs, and Ministry of Commerce. It proposed building a Guangdong-Hong Kong-Macao Big Bay Area. This will involve a role for mainland's economic cooperation zones, including Qianhai in Shenzhen, Nansha in Guangzhou, and Hengqin in Zhuhai. It will also allow lead to greater cooperation between mainland, Macao and Hong Kong.
'Closer ties' for Shenzhen, HK as zone develops
Officials in Shenzhen, a pioneering city in China's reform and opening-up, vowed to work closely with Hong Kong for lasting economic benefits as the city's Qianhai and Shekou areas were formally established on Monday as part of the China (Guangdong) Pilot Free Trade Zone.
Qianhai & Shekou FTZ area unveiled
The China (Guangdong) Pilot Free Trade Zone (FTZ) (Qianhai & Shekou Area of Shenzhen) was officially established on April 27.
Reforms to promote pilot zone development
Qianhai will introduce a package of reforms to promote the development of the Qianhai-Shekou Pilot Area of the Guangdong Free Trade Zone, which was officially launched Tuesday.
[SZ] Property owners in Qianhai eye higher real-estate prices
Many homeowners in the Qianhai area withdrew their homes from the property market in hopes that the prices of their homes may skyrocket in the coming two years, as the area is included in Guangdong’s free trade zone program approved by the central authorities, Chinese-language media reported yesterday.
SZ to develop cruise industry in Shekou
China Merchants Group announced yesterday that it will construct an international home port for cruise ships in Shekou Industrial Zone, Nanshan District.
Shekou added to GD FTZ
Qianhai and Shekou, both in western Shenzhen, will become part of a new free trade zone (FTZ) of Guangdong Province, according to a draft reviewed by the National People’s Congress on Friday.
Bonded experience store opens in FTZ
Under related regulations, each resident is eligible to buy tax-free products worth no more than 500 yuan (US$80) per purchase and 1,000 yuan per day. The products will be delivered to the buyers.
Qianhai to offer cross-border e-commerce
Residents will be able to buy goods imported from Hong Kong online, as a bonded global commodity trading center will be built in Qianhai, part of the Guangdong Free Trade Zone to be launched soon, according to a senior official with Qianhai Management Bureau.
Zone fuels Qianhai, Shekou homes prices
Property prices in Shenzhen's Qianhai and Shekou areas are expected to rise further as the FTZ will be officially established after the annual National People's Congress and Chinese People's Political Consultative Conference sessions.