CHINA Officials brief on development plans for Hengqin and Qianhai cooperation zones

CHINA

Officials brief on development plans for Hengqin and Qianhai cooperation zones

China Daily

15:51, September 09, 2021

The State Council Information Office holds a news conference on the development of Hengqin in Zhuhai and Qianhai in Shenzhen. Here are highlights of the new conference:

Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in South China's Guangdong Province (Photo: VCG)

Cong Liang, vice-chairman of the National Development and Reform Commission and vice-chairman of the office of the leading group for the development of the Guangdong-Hong Kong-Macao Greater Bay Area

- Hengqin plan is focused on promoting diversified development of Macao

- Qianhai plan is focused on expanding existing zone and further opening up

- Hengqin plan includes developing sci-tech research and development and high-end manufacturing, traditional Chinese medicine and other Macao signature businesses, culture and tourism, conventions and exhibitions, modern finance

- Expansion of Qianhai zone will help create greater space for reform and opening-up, innovation

Xu Hongcai, vice-minister of finance

- Ministry of Finance has adopted special tax policies, provided fiscal support for development of Hengqin

John Lee Ka-chiu, chief secretary for administration of the Hong Kong Special Administrative Region government

- Qianhai plan about promoting high-level opening-up, innovation development of modern services

Cheong Weng Chon, secretary for administration and justice of the Macao Special Administrative Region government

- Hengqin plan is aimed at promoting diversified development of Macao's economy, enrich "one country, two systems"

Lin Keqing, executive vice-governor of Guangdong

- Hengqin GDP, infrastructure and innovation have seen rapid development over past 10 years


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